Vodafone completes VodafoneZiggo stake sale to Liberty Global for EUR 1 billion cash, 10% Ziggo Group stake - VOD News | RalliesVodafone completes VodafoneZiggo stake sale to Liberty Global for EUR 1 billion cash, 10% Ziggo Group stake
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VOD• Vodafone completes VodafoneZiggo stake sale
- Vodafone completed the sale of its interests in VodafoneZiggo to Liberty Global.
- Consideration includes EUR 1 billion cash, plus a 10% shareholding in Ziggo Group.
- Ziggo Group will own 100% of VodafoneZiggo, plus Liberty Global’s Belgian unit Telenet.
- Vodafone expects EUR 625 million of brand licensing and other service charges over 10 years.
- Proceeds will be used to reduce group net debt.
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