VOD News & Events

Liberty Global (LBTYA) announced that it has entered into a definitive agreement with Vodafone (VOD) to acquire Vodafone's 50% shareholding in their Dutch telecommunications joint venture, VodafoneZiggo. Under the terms of the agreement, Vodafone will receive EUR 1B in cash and a 10% stake in a new Benelux company to be named Ziggo Group which will hold Liberty Global's interests in VodafoneZiggo and Telenet in Belgium. Both VodafoneZiggo and Telenet will continue to operate under their current brands and credit silos. The transaction is supported by plans to list Ziggo Group locally in 2027 on Euronext in Amsterdam and to spin-off the 90% held by Liberty Global to its shareholders. In addition, Liberty Global and Vodafone Group have entered into long-term service agreements relating to VodafoneZiggo. The acquisition is expected to close in the second half of 2026, subject to regulatory approvals. Goldman Sachs and LionTree are acting as financial advisers to Liberty Global on the transaction.

Liberty Global (LBTYA) announced that it has entered into a definitive agreement with Vodafone Group Plc (VOD) to acquire Vodafone's 50% shareholding in their Dutch telecommunications joint venture, VodafoneZiggo. Under the terms of the agreement, Vodafone will receive EUR 1B in cash and a 10% stake in a new Benelux company to be named Ziggo Group which will hold Liberty Global's interests in VodafoneZiggo and Telenet in Belgium. Both VodafoneZiggo and Telenet will continue to operate under their current brands and credit silos, with their experienced management teams focused on delivering their respective strategic growth plans. The transaction will enable Liberty Global to fully unlock the value of its Benelux operating businesses for shareholders, supported by plans to list Ziggo Group locally in 2027 on Euronext in Amsterdam and to spin-off the 90% held by Liberty Global to its shareholders. In addition, Liberty Global and Vodafone Group have entered into long-term service agreements relating to VodafoneZiggo, ensuring continued operational alignment and stability throughout the transition. Mike Fries, Chairman and CEO of Liberty Global, said: "This transaction marks a significant milestone in our decades-long commitment to the Benelux region and is fully aligned with our strategy of unlocking long-term value for shareholders. By combining these assets, we are creating a regional powerhouse comprised of two converged national FMC champions operating in rational markets - an attractive platform with strong prospects for sustained free-cash-flow generation. We are excited about giving shareholders the opportunity to participate directly in Ziggo Group's future growth and value creation." " The planned spin creates an opportunity to broaden and deepen the investor base by establishing two distinct, simplified and compelling investment profiles - one for Ziggo Group and one for Liberty Global, as we did with the spin-off of Sunrise in late 2024," the company said.