Liberty Media has sold its remaining shares in cable operator Telewest for £119 million, a move that will put to rest its chairman’s ambition of dominating the UK cable market.
When Liberty refused to build up bondholdings in Telewest’s recent £3.8 billion bond-for-equity restructuring, it became clear that the group would pull out of the UK market (see INM’s London Titles Go To Archant For £62m).