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Liberty Global Sells Ops in France, Sweden

Liberty Global Inc. updated transactions in France and Sweden Wednesday.

The company reached a definitive agreement with French MSO Altice and private-equity firm Cinven Ltd. to sell UPC France for $1.6 billion, with closing expected during the second half of 2006.

And Liberty Global announced that it received approval from the European Union competition authorities to sell UPC Sweden to a consortium comprising The Carlyle Group and Providence Equity Partners Inc. That transaction is valued at approximately $419 million.