Mike Fries, CEO, Liberty Global. Photo: Liberty Global

[Via Satellite 01-28-2014] Liberty Global has reached an agreement with Ziggo to acquire the company for approximately $13.7 billion. The combined venture will reach 7 million Dutch homes, providing approximately 10 million video, broadband Internet and telephony services to more than 4 million unique customers.

“This transaction creates a nationwide cable champion that will drive investment and innovation for the benefit of Dutch consumers and businesses alike. Our combined operations will reach over 90 percent of all Dutch households allowing us to compete more effectively with the other national telecommunications and satellite platforms in the Netherlands, and at the same time generate significant revenue and operating efficiencies,” said Mike Fries, CEO of Liberty Global.