Given ITV's operating and stock price performance, we were able to increase our stake to 9.9 percent with no incremental investment by hedging our existing equity position, this investment remains an opportunistic one for us in our largest market. Liberty Global More Quotes by Liberty Global More Quotes From Liberty Global UPC has very much been our catch-all asset group, but the reality in our mind is that UPC became too complex and too big. Liberty Global telecommunications It didn't feel right to us for our economic benefit to have a negative financial impact on bondholders that supported us through that important process. Liberty Global telecommunications