Liberty Global close to buying Multimedia

Liberty Global, which owns Poland's largest cable operator UPC, is close to agreeing a takeover of UPC's local rival Multimedia in a deal that would create a business covering half of the Polish cable market, Reuters quoted Polish daily Puls Biznesu. The daily said that the two operators, which have a combined client base of 2.2 million subscribers and PLN 2.2 billion in joint annual revenue, may have to spin off parts of their networks to gain approval from the Polish competition regulator. The companies declined to comment.