The Board of Cable & Wireless Communications Plc ('CWC') today announces that it has reached agreement on the terms of a recommended acquisition for the entire issued and to be issued share capital of CWC by Liberty Global ('the Transaction').



[1] Based on the 10 day volume weighted average prices of the relevant Liberty Global shares on 13 November 2015 and a £ / $ exchange rate of 1.5206

[2] The Special Dividend will be payable to CWC shareholders on the register at 6pm (London time) on the business day immediately prior to the date on which the Scheme becomes effective

[3] John Risley, John Malone and Brendan Paddick

[4] Based on proportionate LTM EBITDA of $668 million

[5] Proportionate net debt of $2.7 billion as at 30 September 2015

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