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Liberty Global Completes Buyout of VodafoneZiggo as it Prepares for 2027 Ziggo Group Listing

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  • Liberty Global completed its acquisition of Vodafone Group's 50% stake in VodafoneZiggo, enabling the formation of Ziggo Group.
  • Vodafone received approximately €1.0 billion in cash & a 10% equity interest in the new Ziggo Group entity.
  • Liberty Global retains the remaining 90% of Ziggo Group, which holds its interests in VodafoneZiggo (Netherlands) & Telenet (Belgium & Luxembourg).
  • Ziggo Group will operate as a Benelux connectivity champion with 13 million customers & €6.6 billion of revenue.
  • Liberty Global plans to list Ziggo Group on the Amsterdam exchange in 2027 via a tax-free spin-off of its 90% stake to shareholders.
  • Stephen van Rooyen serves as CEO of Ziggo Group, while Jany Fruytier assumes the CFO role once operations begin in September.
  • The Belgian Competition Authority approved network collaboration between Wyre & Proximus in Flanders, allowing for the financial separation of Telenet's & Wyre's credit facilities.
  • Wyre drew €2.71 billion from its bank facility to pay a €398 million dividend to Telenet & repay a €1.98 billion intercompany loan.
  • Telenet utilized proceeds to repay €2.12 billion of its own debt maturing in 2028.
  • Asset disposals totaling €1.2-1.4 billion are underway to retire debt, including 50% of Telenet's stake in Wyre, VodafoneZiggo's tower portfolio, & certain property assets.
  • Vodafone will remain a 10% shareholder in Ziggo Group following the transaction.