Liberty Global, Inc. ("Liberty Global,” "LGI,” or the "Company”)
(NASDAQ:LBTYA)(NASDAQ:LBTYB)(NASDAQ:LBTYK) today announced that it has
completed the previously announced sale of its subsidiaries that
directly or indirectly, including through certain trust arrangements,
hold its 37.8% ownership interest in Jupiter Telecommunications Co.,
Ltd. ("J:COM”) to KDDI Corporation, the second largest wireless operator
in Japan. Liberty Global received approximately ¥362 billion ($4.0
billion at the applicable rate) in cash and is entitled to receive the
anticipated final 2009 dividend of ¥490 per share attributable to its
interest in J:COM that is expected to be approved at the March 2010
J:COM shareholders meeting. Including both the proceeds received upon
the sale and the anticipated dividend on its attributable 2.6 million
shares, Liberty Global expects to realize gross proceeds of
approximately ¥363 billion ($4.0 billion at the applicable rate).
About Liberty Global
Liberty Global is the leading international cable operator offering
advanced video, voice and broadband internet services to connect its
customers to the world of entertainment, communications and information.
As of September 30, 2009, Liberty Global operated state-of-the-art
networks that served approximately 17 million customers across 14
countries principally located in Europe, Japan, Chile, and Australia.
Liberty Global’s operations also include significant programming
businesses such as Chellomedia in Europe.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements involve certain risks and uncertainties that
could cause actual results to differ materially from those expressed or
implied by these statements. These risks and uncertainties include our
expectation regarding J:COM’s 2009 final dividend as well as other
factors detailed from time to time in the Company's filings with the
Securities and Exchange Commission including our most recently filed
Forms 10-K and 10-Q. These forward-looking statements speak only as of
the date of this release. The Company expressly disclaims any obligation
or undertaking to disseminate any updates or revisions to any
forward-looking statement contained herein to reflect any change in the
Company's expectations with regard thereto or any change in events,
conditions or circumstances on which any such statement is based.
For more information, please visit www.lgi.com.
