Liberty Global to Buy Polish Cable Operator Multimedia Polska
Liberty Global is buying the cable business of Polish cable operator Multimedia Polska (MP), Liberty said in a news release Tuesday. MP has an enterprise value of $760 million, but the deal includes potential downward adjustments based on MP operational…
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and financial performance before the close, Liberty said. Liberty said the deal will give it bigger scale in Poland, where it already is the largest cable operator. Liberty also said it would begin upgrading the MP network after close. The deal excludes MP's insurance, gas and energy operations, and is expected to close within the next year, Liberty said.