January 29, 2010 (FinancialWire) — Liberty Global, Inc. (NASDAQ: LBTYK ) said that it has completed an agreement with Unity Media S.C.A. to acquire all of the issued and outstanding capital stock of Unitymedia GmbH, Germany’s second largest cable operator. The acquisition involved total consideration of around €3.5 billion.

Unitymedia is the largest cable television operator in the German federal states of North Rhine-Westphalia and Hesse. Its cable footprint, passing approximately 8.8 million homes, covers ten of the twenty largest cities in Germany, including Cologne, Dusseldorf, and Frankfurt.

Colorado-based Liberty Global is an international cable operator offering video, voice and broadband internet services. As of September 30, 2009, Liberty Global operated networks that served around 17 million customers across 14 countries principally located in Europe, Japan, Chile, and Australia.

Liberty Global’s operations also include programming businesses such as Chellomedia in Europe.

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