AcquisitionsAug 3, 2026, 07:03 AM
Liberty Global Completes VodafoneZiggo Acquisition, Forms Ziggo Group
AI Summary
Liberty Global Ltd. announced the completion of its acquisition of Vodafone Group Plc's 50% shareholding in VodafoneZiggo, leading to the creation of Ziggo Group. Vodafone received approximately €1.0 billion in cash and a 10% equity interest in Ziggo Group, with Liberty Global holding the remaining 90%. The company plans to list Ziggo Group in Amsterdam in 2027 by spinning off its 90% stake to shareholders. This transaction marks a significant milestone in Liberty Global's strategy to unlock value in its telecommunications portfolio.
Key Highlights
- Completed acquisition of Vodafone's 50% shareholding in VodafoneZiggo.
- Vodafone received approximately €1.0 billion in cash and 10% equity in Ziggo Group.
- Liberty Global holds the remaining 90% of Ziggo Group.
- Ziggo Group, with 13 million customers and €6.6 billion revenue, is formed.
- Company plans to list Ziggo Group in Amsterdam in 2027 by spinning off 90% to shareholders.
- Wyre drew €2.71 billion ($3.13 billion) of debt from its bank facility.
- Telenet repaid €2.12 billion ($2.45 billion) of its own debt maturing in 2028.
- Planned €1.2-1.4 billion ($1.4-1.6 billion) asset disposals to retire debt.
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