Deals
Liberty Global Signs U.K. Car Charging Deal in Smart City Bid
- The new venture supports Virgin Media Park and Charge
- Deal will help to build residential electric vehicle chargers
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Liberty Global Plc has signed a deal to build residential electric vehicle chargers amid broader plans to use its British business as the backbone for so-called smart city technology.
The company, controlled by U.S. billionaire John Malone, has created a fifty-fifty joint venture called Liberty Charge alongside private equity firm Zouk Capital, which manages the U.K. government’s 400 million-pound ($489 million) Charging Infrastructure Investment Fund, half of which will be funded by the government.