US media group Liberty Media has regained its majority shareholding in UK cable company, Telewest Communications. At the end of last week Liberty bought a further 20 million shares in Telewest for around £30 million.
Liberty’s arrangements with Microsoft and MediaOne mean that they are also effectively stakeholders in Telewest, with a combined stake of just over 50%. The groups’ interest had fallen below half when Telewest merged with Flextech last year.
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