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

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.