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Liberty Global 

“Market Cap $32.08 B As of May 2014

At a Glance

  • Industry: Broadcasting & Cable
  • Founded: 2005
  • Country: United Kingdom
  • CEO: Michael Fries
  • Website: www.lgi.com
  • Employees: 35,000
  • Sales: $14.47 B
  • Headquarters: London

Forbes Lists

#621 Global 2000

  • #662 in Sales
  • #372 in Assets
  • #333 in Market value
Profile

Liberty Global Plc is an international cable company that provides cable television and internet services. It connect people to the digital world and enable them to discover and experience its endless possibilities. The company’s television, broadband internet, and telephony services are provided through next-generation networks and innovative technology platforms that connect customers who subscribe to services. Its consumer brands, include Virgin Media, UPC, Unitymedia, Kabel BW, Telenet, and VTR. The company’s operations also include Chellomedia, which comes under content division, Liberty Global Business Services, a commercial division, and Liberty Global Ventures, which comes under investment fund. Liberty Global was founded on June 7, 2013 and is headquartered in London, the United Kingdom.

“Liberty Global History

On June 7, 2013, Liberty Global completed the acquisition of British cable group Virgin Media for $24 billion. In January 2013, Liberty Global raised its stake in Mechelen, Belgium-based Telenet from 50.2% to 58%. Liberty agreed on October 28 to sell Chellomedia for $1.035 billion except for its Benelux unit to AMC Networks.

On January 27, 2014, Liberty Global announced it would be acquiring Dutch cable company Ziggo for €10 billion. The deal is expected to close by the second quarter of 2014, when it is expected to merge with UPC Netherlands.”

*Information from Forbes.com and Wikipedia.org

**Video published on YouTube by “Fatih Dilivar