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Liberty Global to buy Cable & Wireless for $5.3 bln in stock

2015-11-16 22:38:05| Telecom - Topix.net

" International cable TV company Liberty Global says it is acquiring Cable & Wireless Communications, a London-based telecommunications company with operations in the Caribbean, for stock and a special dividend worth $5.3 billion. Liberty Global PLC, which is controlled by billionaire John Malone, said it would fold Cable & Wireless into its LiLAC business unit, which it spun off with a tracking stock in July.

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