Aug 15

A Setback for Liberty Global

Liberty Global Inc. (NasdaqGS: LBTYANews), a leading cable operator in Europe, Latin America, and Australia, continues to suffer setback regarding its ongoing business restructuring strategy. During the last couple of years, Liberty Global was reorganizing its operations through acquisitions of new businesses and disinvestments of its existing set ups. However, things turned out to be little difficult in the last two months.

In March 2011, the company won the auction to purchase Kabel Baden Wuerttemberg GmbH & Co KG, the third largest cable operator in Germany, for around $4.5 billion. The deal was expected to be closed in the second half of 2011, subject to the regulatory approval.

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