Liberty Global and Searchlight Complete OneLink Acquisition

  Liberty Global and Searchlight Complete OneLink Acquisition

Merger Creates the Largest Cable Company in Puerto Rico

Business Wire

ENGLEWOOD, Colo. -- November 09, 2012

Liberty Global, Inc. (“Liberty Global” or “LGI”) (NASDAQ: LBTYA, LBTYB and
LBTYK) today announced that, following regulatory approval, it has consummated
the previously announced agreement with investment funds affiliated with
Searchlight Capital Partners, L.P. (collectively, “Searchlight”). Pursuant to
this agreement, a subsidiary of LGI contributed its 100% interest in Liberty
Cablevision of Puerto Rico LLC (“Liberty Puerto Rico”), and Searchlight
contributed cash, to Leo Cable LP, an entity that, in turn, used the
Searchlight cash to acquire 100% of the equity of San Juan Cable, LLC, doing
business as OneLink Communications (“OneLink”).

Leo Cable LP is ultimately 60%-owned by LGI and 40%-owned by Searchlight. LGI
will have a controlling financial interest in, and will consolidate, Leo Cable
LP. The newly formed entity represents the largest cable operator on the
island with homes passed of approximately 700,000 and revenue generating units
(RGUs)^1 approaching 500,000. LionTree Advisors and Scotiabank acted as
financial advisors to Leo Cable LP and certain of its affiliates in this
transaction.

About Liberty Global

Liberty Global is the leading international cable company, with operations in
13 countries. We connect people to the digital world and enable them to
discover and experience its endless possibilities. Our market-leading
television, broadband internet, and telephony services are provided through
next-generation networks and innovative technology platforms that connect 20
million customers who subscribe to 34 million services as of September 30,
2012.

Liberty Global’s consumer brands include UPC, Unitymedia, Kabel BW, Telenet
and VTR. Our operations also include Chellomedia, our content division, UPC
Business, a commercial services division and Liberty Global Ventures, our
investment fund. For more information, please visit www.lgi.com.

About Searchlight

Searchlight is a private investment firm founded in 2010 by senior partners
formerly with industry leading investment management firms. Searchlight
Capital Partners currently manages over $860 million, invests in a wide range
of industries in North America and Europe, and has offices in New York, London
and Toronto. For more information, please visit www.searchlightcap.com.

^1 The homes passed and RGU figures are as of September 30, 2012. LCPR figures
are based on Liberty Global subscriber definitions and OneLink homes passed
and RGUs are based on information provided to us by OneLink.

Contact:

Liberty Global
Investor Relations
Christopher Noyes, +1-303-220-6693
Oskar Nooij, +1-303-220-4218
or
Corporate Communications
Hanne Wolf, +1-303-220-6678
Bert Holtkamp, +31 20 778 9800
or
Searchlight
RLM Finsbury
Steven Goldberg, +1-646-805-2027
steven.goldberg@rlmfinsbury.com
David Millar, +1-646-805-2009
dave.millar@rlmfinsbury.com
 
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