Liberty Global is expanding its Puerto Rican operations through acquisition. ...
Liberty Global is expanding its Puerto Rican operations through acquisition. The company said it and Searchlight Capital Partners agreed to buy San Juan Cable, which does business as OneLink Communications. Liberty Global already owns Liberty Cablevision of Puerto Rico and…
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plans to merge the companies into the island’s largest cable operator, it said. The combined network will pass 700,000 homes serving about 480,000 revenue generating units, it said. The deal values OneLink at $585 million. Under its terms, Liberty will put its 100 percent stake in Liberty Cablevision Puerto Rico into the new entity while Searchlight will contribute cash. In turn, that entity will pay cash for the OneLink assets. Liberty will own 60 percent of the new entity, it said.