Vodafone Completes Sale of VodafoneZiggo Stake to Liberty Global
Under the terms of the deal, Vodafone received €1.0 billion in cash and a 10% equity stake in Ziggo Group, the new holding company that will own 100% of both VodafoneZiggo and Liberty Global's Belgian subsidiary, Telenet Group Holding.
Vodafone Group Plc has completed the sale of its interests in VodafoneZiggo Group Holding B.V. to Liberty Global Ltd , marking the conclusion of a transaction that reshapes the ownership of the Dutch telecommunications joint venture.
Under the terms of the deal, Vodafone received €1.0 billion in cash and a 10% equity stake in Ziggo Group, the new holding company that will own 100% of both VodafoneZiggo and Liberty Global’s Belgian subsidiary, Telenet Group Holding.
As part of the agreement, Vodafone will continue to provide selected services to VodafoneZiggo, including brand licensing. The arrangement is expected to generate approximately €625 million in service-related charges for Vodafone over the next 10 years.
Vodafone said the proceeds from the transaction will be used to reduce the Group’s net debt, supporting its broader financial strategy while maintaining an ongoing commercial relationship with VodafoneZiggo through long-term service agreements.
