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The Chorus bounce - now owned by a former owner

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  • 19-01-2005 12:12pm
    #1
    damien
    Registered Users Posts: 4,290 ✭✭✭


    According to El Reg: http://www.theregister.co.uk/2005/01/18/lmi_ugc_merger/

    UGC, which owns Chorus has just merged with Liberty Media International which recently sold Chorus to UGC.
    The newly formed company - Liberty Global - will be one of the largest owners and operators of broadband communications systems outside the US with a share in companies serving more than 14m punters in 17 countries.

    UGC already owns 53% of Liberty. Such oddness in all these recent consolidations. Guess it keeps the lawyers rich.

    Damien.


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    #2
    dub45
    Moderators, Technology & Internet Moderators Posts: 12,448 Mod ✭✭✭✭dub45


    I wonder will they be interested in NTL?


  • Options
    #3
    dahamsta
    Banned (with Prison Access) Posts: 16,659 ✭✭✭✭dahamsta


    I don't think the Competition Authority would allow a merger.

    O'Reilly sold his stake in Liberty didn't he?

    adam


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    #4
    Moriarty
    Registered Users Posts: 6,007 ✭✭✭Moriarty


    IIRC UGC are one of the intrested parties for NTL Ireland. It's basically going to mean (if it's allowed through after antitrust considerations) that a fair portion of the population will have a completely seperate access network from a nationwide (nae, multinational) cableco. Eircom won't be best pleased if that occurs because it could very well mean sudden and intense competition for voice and data customers.


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    #5
    lucernarian
    Registered Users Posts: 9,235 ✭✭✭lucernarian


    I will never be able to get cable tv anyway so it'll be fun to see a significant competitor to Eircom. What happens to Cable TV wont affect me but eircom's reaction will :)


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