Liberty Global to acquire Vodafone 50% shareholding in VodafoneZiggo for EUR 1B

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.