Good Noos for UGC7/07/2004 6:38 AM Eastern
UnitedGlobalCom Inc. said Wednesday that it has completed its acquisition of French cable operator Noos from SUEZ.
Under terms of the deal, SUEZ will become a 19.9% shareholder in UGC's French holding company, renamed UPC Broadband France, which also includes UGC's existing French cable operations.
Noos was valued at approximately 615 million Euros ($760.8 million), but the final purchase price is subject to a 90-day audit of the operator’s financial information.
UPC Broadband France now serves approximately 2.3 million revenue-generating units.