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

AT&T is further nailing down the nationwide launch date for AT&T TV, its upcoming streaming TV service that’s currently being tested in 15 markets.

Dish Media is partnering with Comcast’s FreeWheel to use a new ad technology covering traditional demo-based and addressable linear TV.

Comcast is partnering with wearable technology startup NuEyes to offer Xfinity Stream to visually impaired customers through NuEyes' VR technology.