Cable and Wireless Communications to be bought by Liberty Global

LONDON – UK-based international cable company Liberty Global has announced plans to buy Cable & Wireless Communications (CWC) for $5.3 billion in stock.Liberty Global said that the combined operations will offer “significant synergy opportunities” as well create a regional platform “well-positioned to exploit the fragmented telecom and pay television landscape.”“The acquisition of Cable & Wireless represents a watershed moment for our recently created LiLAC platform”, said Liberty Global CEO Mike Fries, in the news release. “It will add significant scale and management depth to our fast-growing operations in Latin America and the Caribbean, while creating a new regional consumer and...