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Equity
6 Months Ended
Jun. 30, 2011
Equity [Abstract]  
Equity
Equity


Stock Repurchases


During the first six months of 2011, we purchased 2,808,290 shares of our LGI Series A common stock at a weighted average price of $41.76 per share and 5,696,963 shares of our LGI Series C common stock at a weighted average price of $41.11 per share, for an aggregate purchase price of $351.5 million, including direct acquisition costs. As of June 30, 2011, the remaining amount authorized under our most recent stock repurchase program was $571.8 million. This amount reflects a reduction for the $186.6 million of aggregate cash paid (excluding cash paid for accrued but unpaid interest) in connection with the LGI Notes Exchange. For additional information, see note 7.




Subsidiary Stock Issuances, Dividends and Distributions


Telenet. On April 27, 2011, Telenet's shareholders approved a distribution of €4.50 ($6.47 at the payment date) per share or approximately €509.3 million ($732.5 million at the payment date). This distribution, which was paid on July 29, 2011, was accrued by Telenet during the second quarter of 2011. Our share of this capital distribution was €255.8 million ($367.9 million at the payment date) and the non-controlling interest owners' share was €253.5 million ($364.6 million at the payment date).


VTR. On March 24, 2011, we and the 20% noncontrolling interest owner in VTR (the VTR NCI Owner) approved a distribution of CLP 58.5 billion ($121.5 million at the average rate for the period).  The VTR NCI Owner's share of this distribution is CLP 11.7 billion ($24.1 million at the average rate for the period). Through June 30, 2011, CLP 53.2 billion ($113.4 million at the average rate for period) of the approved distribution had been paid and the remaining amount was paid in July 2011. Separately, we and the VTR NCI Owner have agreed to proportionately fund, as required, the 2011 capital calls of VTR Wireless. Through June 30, 2011, we and the VTR NCI Owner have made capital contributions to VTR Wireless of CLP 25.6 billion ($54.8 million) and CLP 6.4 billion ($13.7 million), respectively.