Quote:
Originally Posted by MaverickJesus
The debt was never really paid off, it was just restructured to have lower ongoing costs. Liberty Global took all of that debt on in the takeover, which seems barmy considering how much debt LG were running with from their existing operations.
Both LG & the VM subsidiary got credit downgrades following the takeover, if I remember rightly.
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However their share price has gone from 55 dollars to 80 since they bought VM and is expected to reach 100 in the not too distant future, so clearly people who understand how all this stuff works, have confidence in the decision.