Liberty Global to buy back US$1 billion of stock

International pay TV platform operator Liberty Global has said it plans to buy back another US$1 billion (€760 million) of its own shares.

The company, which has pay TV operations in 13 countries and also owns Chellomedia, has already been aggressively buying back its stock.

Liberty embarked on a stock repurchase programme in 2005, since when it has repurchased over US$9 billion of equity.
The company will acquire different classes of its own shares through 2013, taking the cumulative buyback total to over US$10 billion.

The news came on the same day it was confirmed that Liberty Global was joining the Nasdaq 100 Index of top-performing companies.