UnitedGlobalCom Goes on Spending Spree

Alan Breznick, Cable/Video Practice Leader, Light Reading

December 23, 2004

1 Min Read
UnitedGlobalCom Goes on Spending Spree

UnitedGlobalCom (UGC) is on a holiday spending spree this week. Already Europe's largest MSO, UGC announced a deal Wednesday to buy Telemach, the largest broadband provider in Slovenia with more than 100,000 cable subscribers and 10,000 high-speed data customers. The deal, subject to review by the Slovenian government and expected to close in the first quarter of 2005, calls for UGC to take 100% interest in Telemach. The Slovenian pact came just two days after UGC purchased stakes in two other European cable operators, Belgium's Telenet Group Holding and Ireland's Chorus Communications, through separate agreements with Liberty Media Internatonal. Telenet is the largest MSO in Belgium while Chorus is the second biggest cable operator in Ireland. The two acquisitions will cost UGC a total of about $198 million.

About the Author(s)

Alan Breznick

Cable/Video Practice Leader, Light Reading

Alan Breznick is a business editor and research analyst who has tracked the cable, broadband and video markets like an over-bred bloodhound for more than 20 years.

As a senior analyst at Light Reading's research arm, Heavy Reading, for six years, Alan authored numerous reports, columns, white papers and case studies, moderated dozens of webinars, and organized and hosted more than 15 -- count 'em --regional conferences on cable, broadband and IPTV technology topics. And all this while maintaining a summer job as an ostrich wrangler.

Before that, he was the founding editor of Light Reading Cable, transforming a monthly newsletter into a daily website. Prior to joining Light Reading, Alan was a broadband analyst for Kinetic Strategies and a contributing analyst for One Touch Intelligence.

He is based in the Toronto area, though is New York born and bred. Just ask, and he will take you on a power-walking tour of Manhattan, pointing out the tourist hotspots and the places that make up his personal timeline: The bench where he smoked his first pipe; the alley where he won his first fist fight. That kind of thing.

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