Klesch-Liberty to tap loan market for cable purchase

Gary Klesch, head of UK private equity firm Klesch, said on Friday that Klesch-Liberty Media would seek funds from the loan market to finance its acquisition of German cable assets.

Klesch-Liberty, the investment consortium backed by Liberty Media of the US and Klesch, has signed a letter of intent to buy a 55% stake in Deutsche Telekom's cable operations in eight regions.

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