Tele-Communications Inc, the largest cable television operator in the US, is to split itself into four free-standing companies, and do a part flotation of each: the proposed move follows its failure to get a $500m share offering away because of poor market conditions: the new groups will be Domestic Communications, Liberty Media, International, and Technology […]
Tele-Communications Inc, the largest cable television operator in the US, is to split itself into four free-standing companies, and do a part flotation of each: the proposed move follows its failure to get a $500m share offering away because of poor market conditions: the new groups will be Domestic Communications, Liberty Media, International, and Technology Ventures; Tele-communications will become a holding company, and is expected to keep a large stake in the spun-off divisions; its existing shares will remain outstanding, but would represent only its retained interest in the business groups.
