Liberty takes full control of VTR

17 Mar 2014

UK-based group Liberty Global has announced that it has acquired the remaining 20% of its Chilean unit, triple-play provider VTR. Liberty purchased the stake from a subsidiary of Chilean banking firm CorpGroup in exchange for 10.1 million Liberty Global Class C ordinary shares, which had a market value of approximately USD422 million, according to a press release. Liberty Global’s CEO, Mike Fries comented on the deal: ‘Based on the solid foundation we have developed with Corp Group over the last few years, VTR will now enter its next phase of growth in the dynamic Chilean market.’

Chile, Liberty Global, VTR