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PRESS: Liberty Global approaches Vodafone about buying out Dutch JV

ALN

Liberty Global Ltd has approached partner Vodafone Group PLC about buying its stake in their joint venture in the Netherlands, VodafoneZiggo, Bloomberg reported on Friday.

The pair have held on-and-off talks about the proposal in recent months, Bloomberg said, citing ‘people familiar with the matter’. Vodafone’s stake could be worth more than €2 billion, the sources said.

If Liberty Global is successful in buying all of VodafoneZiggo, it could merge the Dutch fixed line and mobile telecommunications operator with its Belgian cable company, Telenet, to create a cross-Benelux provider, Bloomberg noted.

It said Vodafone, Liberty Global and VodafoneZiggo declined comment.

Vodafone shares were up 0.9% to 74.27 pence in London on Monday morning, while Liberty Global class C shares were down 1.1% at USD 11.90 pence in pre-market trading in New York.

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