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Liberty Global completes its acquisition of Virgin Media

International cable TV and communications company Liberty Global has completed its acquisition of Virgin Media.

The deal, which was announced in February, is worth approximately $24 billion.

Author: The Fonecast
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Virgin Media is being acquired by Liberty Global

International cable TV, broadband and telephone business Liberty Global is acquiring Virgin Media in the UK. Virgin Media itself was created from a merger, when NTL and Telewest joined with Virgin Mobile in 2006.

The new combined business will reach 47 million homes, covering 25 million people across 14 countries.

Author: The Fonecast
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