Liberty Global unit to buy Multimedia Polska's cable business

Reuters News
Posted: Oct 18, 2016 4:42 PM

(Reuters) - Telecommunications company Liberty Global Plc said its unit, UPC Poland, has entered into a definitive agreement to buy the cable business of Multimedia Polska SA [MULPO.UL] for an enterprise value of 3 billion zlotys ($763.5 million).

The transaction will be financed through a combination of incremental debt borrowings and cash on hand.

(Reporting by Sangameswaran S in Bengaluru; Editing by Don Sebastian)