Liberty Global has completed the previously announced sale of UPC Austria to T-Mobile Austria for an enterprise value of €1.9 billion, equal to nearly 11x UPC Austria’s estimated 2017 adjusted segment operating cash flow.

In a statement, Liberty Global said: “The proceeds, after taking into account the repayment of debt that we attribute to UPC Austria, will be approximately €900 million. These proceeds will be used to increase our share repurchase program by $500 million and to repay additional debt across select credit pools of Liberty Global.”

Other posts by :

1. Amazon Leo gets approval for 4,504 extra satellites
2. SpaceX gets a portion of India
3. TerreStar wants to build LEO network
4. Musk: “No Starlink phone”
5. Russia accused of eavesdropping on satellites
6. FCC welcomes Musk’s 1m satellite plan
7. Telesat has problems with an LEO
8. Orbital debris a real danger 
9. India boosts space budget

Categories: Articles, Business, M&A