Liberty Global Buys Cable & Wireless for $5.3 Billion

MarketWatch: John Malone’s Liberty Global has agreed to buy Caribbean cable operator Cable & Wireless Communications for $5.3 billion, strengthening the acquisitive company’s foothold in an emerging market ripe for additional consolidation. Cable & Wireless, which has more than 6 million subscribers, offers pay-television, Internet, landline phone and wireless service–the so-called “quad play”–in the Caribbean, Panama, Monaco and the Seychelles.