Reuters: Private Equity: Liberty Global to buy Puerto Rican cable company

Reuters: Private Equity Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Liberty Global to buy Puerto Rican cable company Jun 26th 2012, 20:29 June 26 | Tue Jun 26, 2012 4:29pm EDT June 26 (Reuters) - Telecommunication services provider Liberty Global and affiliates of investment firm Searchlight Capital Partners agreed to buy Puerto Rico's OneLink Communications for an enterprise value of about $585 million. "This transaction will make us the leading provider of cable services in Puerto Rico, passing approximately 70 percent of the cable homes on the island and adding substantial scale to our existing operation," Liberty's CEO Mike Fries said. The transaction is expected to close in the fourth quarter.

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