, LBTYB and LBTYK) subsidiary LGI Broadband Operations
has entered into an agreement, together with investment funds affiliated with Searchlight Capital Partners
, to acquire 100% of the parent of San Juan Cable
, which does business under the name OneLink Communications
. OneLink will be merged with LGI's existing operation, Liberty Cablevision of Puerto Rico, to form the largest cable operator on the island.
As of March 31, OneLink passed 347,000 homes and served approximately 262,500 revenue generating units (RGUs). The transaction, which is expected to close in the fourth quarter of 2012, values OneLink at approximately $585 million.