Liberty Global eyes further Latin America expansion


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Gabriel Miramar-Garcia

| 14 January 2016




Cable juggernaut Liberty Global is looking to acquire more telecommunications operators in Latin America.



“We’re running the business for five to ten years, not only in the short-term,” CEO Michael Fries told Light Reading, adding that Liberty had more mergers and ambitions in mind, both in Latin America and Europe.

The company recently made a big move in the region by purchasing Cable & Wireless Communications (CWC) for $5.3 million, meaning that Liberty Global now serves ten million video, data, voice and mobile subscribers in the region. It also created a tracking stock in July called LiLAC, for Liberty Global’s assets in Chile and Puerto Rico; it has about 1.5 million customers in Puerto Rico (Cablevision) and Chile (VTR).

The acquisition added “significant scale and management depth to our fast-growing operations in Latin America and the Caribbean,” Fries said.