Liberty Global Inks €669M Deal To Sell VodafoneZiggo's Tower Assets To Entity Owned By DigitalBridge, TD Greystone Infrastructure, L&G
Liberty Global (NASDAQ: LBTYA, LBTYB and LBTYK) today announced that it has agreed to sell VodafoneZiggo's tower assets to an entity to be jointly owned by funds managed by DigitalBridge, TD Greystone Infrastructure
Liberty Global is selling cell phone towers (the tall metal structures that carry signals) for about $669 million to help raise cash. When a company sells stuff it owns, it's freeing up money—watch to see if they use it wisely or if they needed the cash because business is tight.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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