Cable giant Liberty Global expects increased merger and acquisitions activity in the European pay-TV sector in the next twelve months. This comes after the company acquired German cable operator Unitymedia for US$3bn (1.98bn) last month.
CEO Mike Fries told Reuters Global Media Summit: ÂThis kind of broke the logjam a little bit. To me itÂs a very positive sign for the sector generally and for the broader telecoms space.Â
He added: ÂAll the money we have on the balance sheet is for really one of two things: share buybacks or interesting acquisition opportunities.Â
Liberty Global is also looking to grow its presence in Romania, Czech Republic, Hungary and, in particular, Poland.
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