Liberty Global Drops $5.3B for Cable/Wireless in Caribbean, Latin America

After a month of speculation, John Malone’s Liberty Global is buying Cable & Wireless, based in the U.K. for $5.3 billion according to Fierce Cable. The deal amplifies Liberty’s presence in the Caribbean and Latin American markets with added television, broadband and mobile service.”The acquisition of Cable & Wireless represents a watershed moment for our recently created LiLAC [tracking stock] platform,” said Mike Fries, CEO of Liberty Global. “It will add significant scale and management depth to our fast-growing operations in Latin America and the Caribbean, while creating a new regional consumer and B2B powerhouse. Upon completion, the combined business will serve 10 million video, data, voice and mobile subscribers, with leading positions across multiple markets.”