Wednesday , June 16 2021

Liberty Global could charge $ 114 million to the Romanian satellite TV company and three other countries in the region




Business Hi-Tech

Liberty Global could charge $ 114 million to the Romanian satellite TV company and three other countries in the region

US Liberty Global, the world's largest cable and internet operator, is signing the sale of satellite TV operations in Romania, Hungary, the Czech Republic and Slovakia, a declining company with fewer than 800,000 customers, valued at $ 114 million, quotes Bloomberg's news agency a source familiar with the negotiations.

"Liberty Global focuses on cable services in the richest markets in the West," notes Bloomberg.

Completing this operation in Romania and other markets in the region – an operation that has fallen in recent years – was an expected move after the transaction, through which Liberty sold its permanent operations from several continental markets to Vodafone in a transaction of over 18 billion euros pending green light at the European Commission. "HSBC analysts have nominal satellite television operations in the four countries of $ 114 million," Bloomberg said.


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