Liberty Global Ups Stake In International Cable


Liberty Global, John Malone's international cable operation (, 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.