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Article: Liberty Media Corporation and DB Investor Announce the Combination Of Their German Cable Television Operations.
- Article from:
- PR Newswire
- Article date:
- November 13, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ENGLEWOOD, Colo. and FRANKFURT, Germany, Nov. 13 /PRNewswire/ --
Liberty Media Corporation (NYSE: LMC.A, LMC.B) and DB Investor, the management company for the industrial holdings of Deutsche Bank AG (NYSE: DB), announced today that they have signed a non-binding term sheet providing for the acquisition by a Liberty Media subsidiary of Level 4 cable network assets serving seven regions in Germany. These assets are currently held by TeleColumbus GmbH and SMATcomAG (collectively TeleColumbus) and are located in the six regions served by the Level 3 cable network previously agreed to be acquired by Liberty Media from Deutsche Telekom AG and in the state of Hessen.