Chilean based operator, Liberty Global has acquired the remaining 20 percent of the outstanding shares in both VTR GlobalCom SpA and VTR Wireless SpA. Liberty Global purchased these shares in VTR from a subsidiary of Corp Group Holding Inversiones Limitada in exchange for 10.1 million Liberty Global Class A ordinary shares.

The share consideration had a market value of approximately USD 422 million, based on the closing price of LBTYK of USD 41.80 per share on 13 March. As a result of the transaction, VTR Finance BV, the parent entity of the recently created Chilean credit pool, will now own 100 percent of both the Chilean broadband communications and wireless businesses.