Liberty Global chases Ziggo ahead of IPO; Televisa buys Cablemas

Global cable company consolidation continues apace. Liberty Global (Nasdaq: LBTYA), fresh off its acquisition of Germany's Unitymedia and Kabel, is now in the market to snap up the Netherlands top provider, Ziggo.

In Mexico, Grupo Televisa is tidying things up by purchasing the 41.7 percent of Cablemas it doesn't already own for $397 million, merging a company that has nearly 1 million cable subscribers, 360,000 HSD subs and 205,000 phone users into Televisa.

Liberty, which has been romping through Europe like the Allied Forces after D-Day, is making a preemptive move on Ziggo ahead of a potential IPO that would value the company at $9.97 billion. "We have a track record of not being put off by the prospects of an IPO," Liberty Global Chief Strategy Officer Shane O'Neill told the Financial Times. "It never bothers us. These guys are motivated by money and if you show up with a more attractive bid, they will go for you."

For more:
- Telegeography has this story
- Euromoney Institutional Investor has this story

Related articles:
Liberty Global in lead to buy German cable company
Malone invades Poland as Liberty buys cable TV operator Aster
Televisa-led consortium wins fiber network lease

Suggested Articles

NCTA-The Internet and Television Association is pointing to a new report that shows the cable industry had a $450 billion impact on the U.S. economy in 2018.

CBS is warning viewers that AT&T’s pay TV services including DirecTV, DirecTV Now and U-verse could lose CBS broadcast networks soon if a new agreement isn…

Ultimately, operators will need to begin now to adopt a new data-centric approach, knowing that changes may take years to accomplish.