Sponsored By

Liberty Global Buys Inode

Liberty Global subsidiary UPC Austria acquires Austrian broadband operator Inode for €95M

December 27, 2005

1 Min Read

DENVER -- Liberty Global, Inc. ("Liberty Global") (NASDAQ: LBTYA) announced today that its subsidiary, UPC Austria, has reached an agreement to acquire all shares of Inode, one of Austria's leading companies in the DSL market, for an enterprise value of approximately 95 million euros. The enterprise value represents a multiple of 6.6x Inode's estimated 2006 operating cash flow before synergies. The transaction is subject to the approval of the Austrian competition authorities.

Inode will continue to offer its existing services to its customers and will allow UPC Austria to expand its network and service offering outside its current footprint which is principally in Vienna. Inode currently has approximately 300 employees and forecasts total revenue of 56 million euros for 2005. Currently, Inode provides approximately 100,000 customers with services in the areas of xDSL, ADSL, internet telephony, server housing, web hosting and domain services.

Mike Fries, President and Chief Executive Officer of Liberty Global, said, "With this transaction we are expanding our footprint in Austria. Inode's advanced DSL infrastructure allows us to deliver high-end data and voice services on a national scale and we will leverage our own UPC Austria infrastructure to gain further synergies. It will strengthen our position in the Austrian market."

Liberty Global Inc. (Nasdaq: LBTY)

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like