Liberty Global Sees Potential for Growth in Europe

Financial Times: Liberty Global has built a commanding position in Europe, snapping up Virgin Media in the UK, Ziggo in the Netherlands, TV3 in Ireland, and Unitymedia, Germany’s second largest cable operator. It has also acquired a 9.9 per cent stake in ITV, the UK’s biggest free-to-air private broadcaster. But CEO Mike Fries said the group is not interested in expansion for its own sake. “We’re not motivated by building empires. We’re motivated by creating value.”