Once again, it looks like international cable company Liberty Global (NASDAQ:LBTYA) is shuffling its deck in the hopes of ultimately ending up with a faster-growing hand of assets.

About two weeks ago, the company agreed to sell its French cable assets, UPC France, for about $1.5 billion. That seems like a good price, roughly 11 times EBITDA, for a business in a mature, competitive, and not-so-fast-growing market. Not only is cable TV itself reasonably mature in France, but the market for broadband (a major growth outlet for many cable companies, including Liberty) is also highly competitive. Unlike some phone companies, France Telecom (NYSE:FTE) is actually a rather formidable competitor.

Today, Liberty continued that trend -- announcing the long-expected sale of its UPC Sweden business. The price here wasn't quite so attractive, $427 million and about nine times EBITDA, but it's also a smaller and rather mature market. That said, it seems that many people were (before the company sold its Norwegian business, that is) expecting a sale at something like eight times EBITDA, so that's not all bad.

The company gave no specific plans for the cash it'll get from these sales, but I think it's a pretty safe bet that management's intentions will lie along the lines of getting into faster-growing emerging cable TV markets or further expanding its broadband opportunities, or both. Remember, this company is already the third-largest cable broadband owner.

The market of late has not been all that kind to cable companies. Liberty is down about 20% over the last six months, and Comcast (NASDAQ:CMCSA) and Cablevision (NYSE:CVC) have each fallen about 10%. While I can see how Liberty's reshuffling of its assets might add some uncertainty to the story, I'm personally starting to find it a bit more interesting. Due diligence is of course always mandatory, but if you believe in the grand global goal of everybody someday becoming middle-class couch potatoes, this might be one to consider.

Note: There are three traded classes of Liberty Global shares -- LBTYA, LBTYB, and LBTYK.

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Fool contributor Stephen Simpson has no financial interest in any stocks mentioned (that means he's neither long nor short the shares).