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LBTYA News
LBTYA Events
Liberty Global Welcomes EU Approval for Sale of VodafoneZiggo Tower Assets
Liberty Global (LBTYA) welcomes EU commission clearance of its sale of VodafoneZiggo's passive tower assets to DigitalBridge (DBRG), TD Greystone Infrastructure and L&G. Liberty Global continues to anticipate the deal closing by year-end, with total consideration of EUR 669M as part of the targeted EUR 1.2B-EUR 1.4B of non-core asset disposals to support the intended listing of Ziggo Group in Amsterdam in the middle of 2027 pursuant to a spin-off transaction, as previously announced. Proceeds from the tower sale are to be used to support de-leveraging at VodafoneZiggo.
Liberty Global Signs Three-Year Strategic Partnership with Sierra
Liberty Global announced a three-year strategic partnership with Sierra, a conversational AI platform, to support the rollout of its technology across Liberty Global operating companies. The framework partnership agreement provides Liberty Global's businesses with a common approach to deploy AI agents capable of engaging customers in natural language, across chat, voice and text.
Liberty Global Agrees to Sell VodafoneZiggo Tower Assets for €669M
Liberty Global announced that it has agreed to sell VodafoneZiggo's tower assets to an entity to be jointly owned by funds managed by DigitalBridge, TD Greystone Infrastructure and L&G for a consideration of EUR 669M. The transaction values the Dutch tower assets at 16.2x of their 2025 EBITDA and is subject to regulatory approvals and VodafoneZiggo works council consultation. Proceeds from the transaction will be used to retire debt across Ziggo Group, the new Benelux telecommunications company that holds Liberty Global's interests in VodafoneZiggo and Telenet. Further sale processes are underway across Ziggo Group as part of Liberty Global's targeted EUR 1.2B-1.4B of non-core asset disposals to support the intended listing of Ziggo Group in Amsterdam in the middle of 2027.
Q2 Adjusted EBITDA Reaches $324.9M
Reports Q2 adjusted EBITDA $324.9M. CEO Mike Fries stated, "In the second quarter, we continued to execute against our strategic priorities including taking key steps towards unlocking value for shareholders through the planned Ziggo Group spin-off as early as mid-2027."
Mike Fries Reiterates 2026 Full-Year Guidance
CEO Mike Fries stated, "In the first quarter, we made continued progress against our operational and strategic goals while remaining fully focused on unlocking and crystallizing value for shareholders. We are on track with our Ziggo Group plans, including the acquisition of Vodafone's 50% stake in VodafoneZiggo which should close in July and the building blocks required to spin-off our interest to shareholders in H2 2027. After an encouraging commercial performance in Q1, we are reiterating all 2026 full-year guidance targets."
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