Tag Archives: VTR

Chile’s VTR acquired by Liberty Global

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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.

Chile's VTR reaches 100,000 mobile subscribers milestone

Telecoms, , ,

Chilean operator VTR has reached 100,000 mobile customers. Of these, nearly 45 percent are postpaid subscribers according to VTR Gneral Manager, Guillermo Ponce.

VTR launched mobile services in Chile in May. VTR also provides cable TV and broadband internet services on the local market. Of the overall 100,000 mobile customers, around 70 percent were already VTR fixed services subscribers, Ponce added.

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