Cable Operators

Good Noos for UGC

7/07/2004 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.

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