Subscribe
Business

Puerto Rico OneLink Communications to be sold

By Washington Examiner
Published
Add Washington Examiner on Google

SAN JUAN, Puerto Rico (AP) — Colorado-based cable company Liberty Global Inc. says subsidiary LGI Broadband Operations and a private investment firm will buy OneLink Communications in Puerto Rico for $585 million to create the island’s largest cable operator.

Liberty Global Inc. announced Tuesday that LGI will own 60 percent of the new company and the investment firm Searchlight Capital Partners will own the other 40 percent. Together, they will provide cable services to about 70 percent of homes in the U.S. territory.

Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.