UGC completes Noos purchase

7 Jul 2004

UnitedGlobalCom (UGC) has completed the purchase of French cable TV operator Noos from the SUEZ Group for EUR615 million in cash and stock. Noos will come under the umbrella of UGC’s holding company UPC Broadband France, in which SUEZ will take a 19.9% in stake in addition to the EUR530 million in cash it is to receive from UGC. With the addition of Noos, UPC Broadband claims to serve 2.3 million revenue generating units (RGUs), responsible for an annual turnover of around EUR400 million.