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.
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