As reported by two close sources to Dow Jones Newswires on Monday, U. S. cable operator Liberty Global Inc. (LBTYA, LBTYB) is about to make a deal with a Swedish private equity company EQT. The deal is to buy a German competitor Kabel Baden-Wuerttemberg GmbH & Co. KG for roughly EUR3 billion.

This cable operator is known as the Germany’s third-largest television operator and according to the sources, finance investors Hellman & Friedman LLC and CVC Capital Partners Ltd. are no longer in the race of grasping it. This deal being a confidential one restricts the identification of these sources.

They also added that on Monday this deal would be announced as early as possible.

According to Guy Bisson who is known as an analyst at IHS Screen Digest, German cable companies tend to have a remarkable performance in the entire European market. Other cable companies lagged behind in offering premium television and Internet and telephony services.

As reported by IHS Screen Digest, Europe’s cable-industry revenue is expected to increase by a significant percentage in tenure of just 4 years. Yes in 2010, it was reported as 19 billion Euros and is expected to be more than 30% by 2014.