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Liberty Global Ups Stake In International Cable - Broadcasting & Cable

Liberty Global Ups Stake In International Cable

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Liberty Global, John Malone's international cable operation (http://www.lgi.com/about.html), has upped its stake in Telenet Group Holding, Belgium’s largest cable operator.

The company exercised options to purchase 18.668 million shares at 25 Euros per share for a total of $626.6m.  With the transaction, Liberty increased its controlling interest in Telenet from 31.32% to 49.70%.

As of the first quarter of 2007, Telenet had over 3 million revenue generating units, of which 1.76 million were video, 482,000 voice, and 804,000 broadband Internet.

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