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UBS and Credit Suisse stars drive latest cable consolidation

The Swiss banks are on opposite sides of Liberty Global’s $760 million acquisition of Poland’s MMP

UBS and Credit Suisse stars drive latest cable consolidation
Photo: iStockPhoto/FN Montage

Stars of UBS and Credit Suisse's telecoms investment banking teams have led the banks' work on a big consolidation play in Poland’s cable industry.

Cable giant Liberty Global announced on October 19 that its UPC Poland subsidiary had agreed to buy the cable business of Multimedia Polska in a cash deal valued at PLN3 billion ($760 million).

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