'Your papers, please' must never be heard in America
Independent voices from the TWT Communities
Liberty Global Inc., the cable TV operator controlled by media mogul John Malone, is buying U.K.-based Virgin Media Inc. in a $16 billion deal that steps up the rivalry between Malone and fellow billionaire Rupert Murdoch.
Fries said that after the deal, about 80 percent of the company's revenue will come from five countries: the U.K., Germany, Belgium, Switzerland and the Netherlands.
"Liberty Global together with Virgin Media is a powerful combination," Liberty Global President and CEO Michael Fries said Wednesday on a conference call with investors. "In fact, it hits the mark on just about every strategic and operating criteria we have established for our company and provides significant benefits to Virgin Media subscribers and investors."
