Liberty Global CEO: Says Looking to Spin Off Latin American Operations - CNBC
January 22 2014 - 9:09AM
Dow Jones News
Chief Executive Mike Fries confirmed Wednesday that Liberty
Global PLC is looking to spin off its Latin American
operations.
"Ninety-five percent of our business is in Europe," he said on
CNBC in an interview from Davos, and "that's where we want to stay
focused."
"In Latin America there's 25% broadband penetration. So there's
tremendous opportunity to consolidate that market, but it seems
better for us to possibly do that off balance sheet and not dilute
the story that we've built here," he said.
Full story at www.cnbc.com
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