Underneath the phrases of the deal, Vodafone obtained €1.0 billion in money and a ten% fairness stake in Ziggo Group, the brand new holding firm that may personal 100% of each VodafoneZiggo and Liberty Global’s Belgian subsidiary, Telenet Group Holding.
Vodafone Group Plc has accomplished the sale of its pursuits in VodafoneZiggo Group Holding B.V. to Liberty Global Ltd , marking the conclusion of a transaction that reshapes the possession of the Dutch telecommunications three way partnership.
Underneath the phrases of the deal, Vodafone obtained €1.0 billion in money and a ten% fairness stake in Ziggo Group, the brand new holding firm that may personal 100% of each VodafoneZiggo and Liberty Global’s Belgian subsidiary, Telenet Group Holding.
As half of the settlement, Vodafone will proceed to present chosen providers to VodafoneZiggo, together with model licensing. The association is anticipated to generate roughly €625 million in service-related costs for Vodafone over the subsequent 10 years.
Vodafone mentioned the proceeds from the transaction shall be used to scale back the Group’s internet debt, supporting its broader monetary technique whereas sustaining an ongoing business relationship with VodafoneZiggo by means of long-term service agreements.
