Liberty Global, Inc. ("Liberty Global" or the "Company") (NASDAQ: LBTYA,
LBTYB and LBTYK) today announces the authorization of a new $1.0 billion
stock repurchase program and its intention to spend this amount during
2013, consistent with prior years. Through December 14, 2012, Liberty
Global has repurchased approximately $925 million of its equity during
2012, bringing its cumulative buyback total since inception in 2005 to
over $9.0 billion.
Under this new $1.0 billion stock repurchase program, Liberty Global may
acquire from time to time its Series A common stock, Series C common
stock, or any combination of Series A and Series C common stock. The
stock repurchase program may be effected through open market
transactions and/or privately negotiated transactions, which may include
derivative transactions. The timing of the repurchase of shares pursuant
to the program will depend on a variety of factors, including market
conditions. The program described above may be implemented by brokers
for the Company within certain pre-set parameters and purchases may
continue during closed periods in accordance with applicable
restrictions The program may be suspended or discontinued at any time.
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including the manner, timing and amount of purchases that the Company
may make under its stock repurchase plan. 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, including general market conditions and the trading
price of Liberty Global Series A common stock and Liberty Global Series
C common stock, as well as other factors detailed from time to time in
the Company's filings with the Securities and Exchange Commission
including its 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.
About Liberty Global
Liberty Global is the leading international cable company, with
operations in 13 countries. We connect people to the digital world and
enable them to discover and experience its endless possibilities. Our
market-leading television, broadband internet and telephony services are
provided through next-generation networks and innovative technology
platforms that connect 20 million customers who subscribe to 34 million
services as of September 30, 2012.
Liberty Global's consumer brands include UPC, Unitymedia, Kabel BW,
Telenet and VTR. Our operations also include Chellomedia, our content
division, UPC Business, a commercial services division and Liberty
Global Ventures, our investment fund. For more information, please visit www.lgi.com.
[ Back To NFVZone's Homepage ]