DENVER -- Liberty Global plc (“Liberty Global”) (NASDAQ: LBTYA, LBTYB and LBTYK) announced today that it has acquired the remaining 20% of the outstanding shares in both VTR GlobalCom SpA and VTR Wireless SpA (collectively “VTR”). Liberty Global purchased these shares in Chile’s largest cable operator from a subsidiary of Corp Group Holding Inversiones Limitada (“Corp Group”) in exchange for 10.1 million Liberty Global Class C ordinary shares (“LBTYK”).
The share consideration had a market value of approximately $422 million, based on the closing price of LBTYK of $41.80 per share on Thursday, March 13, 2014.1 It should also be noted that as a result of this transaction, VTR Finance B.V., the parent entity of our recently created Chilean credit pool, will now own 100% of both the Chilean broadband communications and wireless businesses.
Mike Fries, Chief Executive Officer of Liberty Global, said: “Based on the solid foundation we have developed with Corp Group over the last few years, VTR will now enter its next phase of growth in the dynamic Chilean market. We would like to thank Alvaro Saieh Bendeck, his son Jorge Andres Saieh and the Saieh family for their ongoing support and the strong relationship and success we have built together.”
Light Reading’s Upskill U is a FREE, interactive, online educational resource that delivers must-have education on themes that relate to the overall business transformation taking place in the communications industry.
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Friday, September 30, 1:00PM EDT Gigabit & the Great Migration Robert Howald, Vice President, Network Architecture, Comcast
UPCOMING COURSE SCHEDULE
Wednesday, October 5, 1:00PM EDT Gigabit & Smart Cities Joe Kochan, COO & Co-Founder, US Ignite
Friday, October 7, 1:00PM EDT Gigabit & DOCSIS 3.1 Ty Pearman, Director, Access Architecture, Comcast
Wednesday, October 19, 1:00PM EDT Securing a Virtual World Rita Marty, Executive Director, Mobility and Cloud Security, Chief Security Office, AT&T
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For many operators, the gigabit evolution begins with the shift from DOCSIS 3.0 to DOCSIS 3.1. But that move represents a change not only in the protocol itself, but in the approach to architecting their entire DOCSIS delivery chain -- from the headend to the outside plant and home gateway components.
Jonathan Ruff, senior director of global technical ...
Self-driving cars, medical sensors, smart cities... and refrigerators. In order to address the huge scope of IoT, KNect365 has created a unique online community that will help businesses to understand and monetize the opportunities that live within the IoT market. We look forward to welcoming you to IoT World News -- your gateway to a better connected future.
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A vital part of increasing the number of women in comms is transforming the ways companies can support and empower women. While progressive company policies that support both men and women in achieving work-life balance are a step in the right direction, creating a company culture that supports those policies can at times be more challenging.
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