Refer to the input text as context and select the correct relationship between 'Telenet' and 'Liberty Global' from the available options.
Options: original broadcaster, owned by, employer, member of

-- Cable telecoms company Liberty Global (NasdaqGS: LBTYA - news ) 's Belgian subsidiary Telenet (Other OTC: TLGHF - news ) to buy mobile network operator Base from Dutch group KPN (notified Aug. 17/deadline Sept. 21)
owned by