Liberty Expands Empire through UGC Merger

19 January 2005

Liberty Media International, the investment vehicle for US media entrepreneur John Malone, is to buy out the rest of cable and telecoms company UnitedGlobalCom.

The deal, worth around $3.65 billion (€2.78bn, £1.95bn) will give Liberty, the biggest owner of cable-TV systems outside the US, control of UGC's nine million-plus customers in 15 countries.

Liberty and UGC will become wholly owned subsidiaries of a new holding company, Liberty Global.

UGC earns most of its revenues in Europe through sales of video, voice and broadband internet services. It also has stakes in a broadband provider in Chile and a pay-TV operator in Australia.

Data sourced from Financial Times Online; additional content by WARC staff