You will be redirected back to your article in seconds

Liberty dials Romania deal

UPC Broadband to acquire all Astral shares

John Malone’s Liberty Global has inked an agreement to buy one of the largest broadband operators in Romania, continuing Liberty’s expansion across Central and Eastern Europe.

Liberty Global subsid UPC Broadband will acquire all shares of Astral for $404.5 million and assume $12 million in debt.

Astral, owned by a group of Romanian entrepreneurs, foreign investors and AIG New Europe Fund, serves roughly 890,000 video, voice and data customers.

Liberty Global prexy-CEO Mike Fries said Astral has a significant presence in Bucharest, Romania’s capital.

Transaction is subject to approval by Romanian regulators and is expected to close in the fourth quarter.

Liberty Global shares were up $1.19 to close at $48.59 in trading Friday.

More Scene

  • Mr Chow 50th Anniversary celebration

    Mr. Chow 50th Anniversary Party Draws Stevie Wonder, Heidi Klum & More Stars

    John Malone’s Liberty Global has inked an agreement to buy one of the largest broadband operators in Romania, continuing Liberty’s expansion across Central and Eastern Europe. Liberty Global subsid UPC Broadband will acquire all shares of Astral for $404.5 million and assume $12 million in debt. Astral, owned by a group of Romanian entrepreneurs, foreign […]

  • Paley Center for Media presents They

    African-American Showrunners Talk Strides in TV Representation

    John Malone’s Liberty Global has inked an agreement to buy one of the largest broadband operators in Romania, continuing Liberty’s expansion across Central and Eastern Europe. Liberty Global subsid UPC Broadband will acquire all shares of Astral for $404.5 million and assume $12 million in debt. Astral, owned by a group of Romanian entrepreneurs, foreign […]

  • 'Annihilation' film premiere

    'Annihilation' Star Jennifer Jason Leigh Responds to Whitewashing Accusations

    John Malone’s Liberty Global has inked an agreement to buy one of the largest broadband operators in Romania, continuing Liberty’s expansion across Central and Eastern Europe. Liberty Global subsid UPC Broadband will acquire all shares of Astral for $404.5 million and assume $12 million in debt. Astral, owned by a group of Romanian entrepreneurs, foreign […]

  • Viola Davis Women in the World

    Viola Davis on #MeToo: 'If You're Dedicated to Change, Let It Cost You Something'

    John Malone’s Liberty Global has inked an agreement to buy one of the largest broadband operators in Romania, continuing Liberty’s expansion across Central and Eastern Europe. Liberty Global subsid UPC Broadband will acquire all shares of Astral for $404.5 million and assume $12 million in debt. Astral, owned by a group of Romanian entrepreneurs, foreign […]

  • War for the Planet of the

    ‘War for the Planet of the Apes,’ ‘Coco,’ ‘Game of Thrones’ Win Big at VES Awards

    John Malone’s Liberty Global has inked an agreement to buy one of the largest broadband operators in Romania, continuing Liberty’s expansion across Central and Eastern Europe. Liberty Global subsid UPC Broadband will acquire all shares of Astral for $404.5 million and assume $12 million in debt. Astral, owned by a group of Romanian entrepreneurs, foreign […]

  • LeBron James Stephen Curry All-Star Game

    NBA All-Star Weekend 2018: The Ultimate Party Guide

    John Malone’s Liberty Global has inked an agreement to buy one of the largest broadband operators in Romania, continuing Liberty’s expansion across Central and Eastern Europe. Liberty Global subsid UPC Broadband will acquire all shares of Astral for $404.5 million and assume $12 million in debt. Astral, owned by a group of Romanian entrepreneurs, foreign […]

More From Our Brands

Access exclusive content