Wednesday , January 20 2021

Liberty Global could charge $ 114 million to the Romanian satellite TV company and three other countries in the region




Business Hi-Tech

Liberty Global could charge $ 114 million to the Romanian satellite TV company and three other countries in the region

US Liberty Global, the world's largest cable and internet provider, is on track to sign the sale of satellite TV programs in Romania, Hungary, the Czech Republic and Slovakia, a downgrade with fewer than 800,000 customers worth $ 114 million, the Bloomberg news agency reports a source familiar with the talks.

"Liberty Global focuses on cable services in the richest markets in the West," Bloomberg said.

Exiting this business in Romania and other local markets – a company that has declined in recent years – was an expected move after the transaction with which Liberty sold its fixed business from various continental markets to Vodafone a transaction above of the € 18 billion awaiting the green light in the European Commission. "HSBC analysts have assessed satellite television activities in the four countries at $ 114 million," Bloomberg said.


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