Liberty Global Plc (LBTYA), billionaire John Malones international cable-TV company, is studying the spinoff of its Latin American businesses. <\/p>\n
The company is unable to predict when and if such a transaction would occur, according to a filing today. The spinoff would include Libertys VTR Internet and wireless businesses in Chile and its 60 percent stake in Liberty Cablevision of Puerto Rico. <\/p>\n
Liberty Global has shifted its attention to Europe, where Malone is stockpiling cable assets to create a regional powerhouse. The company bought U.K. pay-TV provider Virgin Media Inc. last year for about $16 billion, and people with knowledge of the matter said last week the company is putting the final touches on an acquisition of Dutch broadband carrier Ziggo NV. <\/p>\n
Latin America makes up about 10 percent of Liberty Globals sales and about 6 percent of its subscribers. <\/p>\n
VTR plans to offer $1.4 billion in bonds today as it separates its debt holdings from the European business, London-based Liberty said in the filing. <\/p>\n
To contact the reporter on this story: Crayton Harrison in New York at tharrison5@bloomberg.net<\/a> <\/p>\n To contact the editor responsible for this story: Nick Turner at nturner7@bloomberg.net<\/a> <\/p>\n <\/p>\n Go here to see the original: <\/p>\n Malone\u2019s Liberty Global Studies Spinoff of Latin American Unit<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Liberty Global Plc (LBTYA), billionaire John Malones international cable-TV company, is studying the spinoff of its Latin American businesses. The company is unable to predict when and if such a transaction would occur, according to a filing today. The spinoff would include Libertys VTR Internet and wireless businesses in Chile and its 60 percent stake in Liberty Cablevision of Puerto Rico Continue reading