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Dec. 20, 2012, 5:52 AMNorges Bank Investment Management, Telenet's fourth-largest shareholder with a 4% stake, rejects Liberty Global's (LBTYA) €35/share offer to buy the 49.8% of the Belgian cable operator that it doesn't already own. Liberty has said it won't raise its bid despite an independent analysis valuing Telenet at €37-42/share. | Comment!
Dec. 18, 2012, 2:33 AMLiberty Global (LBTYA) reiterates its offer to acquire the 49.8% of Belgian telecom operator Telenet it doesn't already own for €35/share, or around $2.5B. Liberty made an initial informal bid in September, since when Telenet has said that its shares are worth €37-42 each, citing a higher independent valuation. (previous) (PR) | Comment!
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Telenet Group Holding NV is a cable service provider in Belgium and specializes in the supply of broadband internet, fixed and mobile telephony services and cable television to customers throughout Flanders and Brussels over an HFC (hybrid fibre coax) network.
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