International pay TV platform operator Liberty Global has said it plans to buy back another US$1 billion of its own shares.
The company, which has pay TV operations in thirteen 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.
