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Slide #60. Liberty Global and Searchlight — OneLink
Liberty Global and Searchlight (NASDAQ:LBTYA)
Liberty Global, Inc. announced that, following regulatory approval, it has consummated the previously announced agreement with investment funds affiliated with Searchlight Capital Partners, L.P. Pursuant to this agreement, a subsidiary of LGI contributed its 100% interest in Liberty Cablevision of Puerto Rico LLC, and Searchlight contributed cash, to Leo Cable LP, an entity that, in turn, used the Searchlight cash to acquire 100% of the equity of San Juan Cable, LLC, doing business as OneLink Communications.
Liberty Global is a holding company. Through its subsidiaries, Co. provides broadband internet, video, fixed-line telephony and mobile communications services to residential customers and businesses in Europe. Co. provides residential and business-to-business (B2B) communication services in United Kingdom and Ireland through Virgin Media Inc., Belgium through Telenet Group Holding N.V., Switzerland, Poland and Slovakia through various wholly-owned subsidiaries. Co. owns a 50% noncontrolling interest in a 50:50 joint venture between Vodafone Group plc (Vodafone) and Co. (the VodafoneZiggo JV), which provides residential and B2B communication services in the Netherlands.
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