Liberty Global in lead to buy German cable company

John Malone's Liberty Global (Nasdaq: LBTYA) has pushed aside all contenders and will acquire German's third largest cable operator, Kabel Baden-Wuerttemberg for about $4.5 billion.

Liberty already owns the country's second largest cable company, Unitymedia, so this deal could make it highly competitive with Germany's biggest provider, Kabel Deutschland.

"What Liberty sees is a market with medium-term growth, whether or not they succeed in consolidating," said Will Draper, a telecommunications analyst at Banco Espirito Santo Investment Bank.

For more:
- Bloomber has this story

Related articles:
Malone invades Poland as Liberty buys cable TV operator Aster
Malone stalking Europe for cable opportunities

Suggested Articles

Altice USA is giving premium pay to its customer-interfacing employees during the coronavirus crisis, but not all cable technicians will qualify.

T-Mobile this week wrapped up the lengthy process of acquiring Sprint. With the deal done, the company may pick up where it left off on video.

The Hulu app is starting to roll out across the Comcast Xfinity X1 platform after last month showing up on the Xfinity Flex platform.