Vodafone sells 50% of Dutch VodafoneZiggo to U.S. partner for €1B, plans Amsterdam IPO
Vodafone Group will sell its 50 percent stake in Dutch telecom company VodafoneZiggo to American partner Liberty Global for 1 billion euros, the companies announced. Following the transaction, the telecom operator will rebrand as Ziggo Group, with Vodafone retaining a 10 percent share, and aims to go public on the Amsterdam Stock Exchange in 2027.
Liberty Global will consolidate its Benelux holdings—including VodafoneZiggo and Telenet—under the new Ziggo Group. The deal is expected to be completed in the second half of 2026. Goldman Sachs and LionTree are advising Liberty Global on the transaction.
Stephen van Rooyen, CEO of VodafoneZiggo, described the move as part of the company’s strategic focus on growth. “Our strategy focuses on creating more customer value through stronger brands, continuous investments in our networks, and sharper, competitive propositions,” he said. “The growth we are achieving is clearly reflected in the quarterly results presented today and in our increasingly strong commercial performance.”
VodafoneZiggo also released quarterly results on Wednesday. Revenue in the fourth quarter reached 1.02 billion euros, while total revenue fell 2.3 percent due to a slight decline in internet customers. Operating profit (EBITDA) totaled 425 million euros, down 3.4 percent from the same period in 2024.
“This is the best commercial result in recent years,” said Ritchy Drost, CFO of VodafoneZiggo. “We have also met all financial targets for 2025. Our performance in 2025 proves the strength of our strategy and our investments in networks and for our customers.”
“This transaction marks an important milestone in our decades-long commitment to the Benelux and fully aligns with our strategy to unlock long-term shareholder value,” said Mike Fries, CEO of Liberty Global.
Van Rooyen emphasized the deal’s stabilizing effect. “The transaction announced today provides extra stability and underlines our long-term commitment to VodafoneZiggo,” he said. “It strengthens our foundation and allows us to accelerate execution with further investments for our customers, brands, and leading network position.”
