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