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Liberty Global eyes Vodafone's Dutch joint venture stake, Bloomberg News reports

ReutersMar 14, 2025 12:33 PM

- Liberty Global LBTYA.O has approached Britain's Vodafone VOD.L for a possible acquisition of its stake in their Dutch joint venture VodafoneZiggo, Bloomberg News reported on Friday, citing people familiar with the matter.

Vodafone declined to comment, while Liberty Global did not immediately respond to Reuters request for comment.

Liberty Global has expressed interest in a deal and held on-and-off talks with Vodafone in recent months, the report said, adding that any transaction may value Vodafone's stake at more than 2 billion euros ($2.18 billion).

VodafoneZiggo, the 50:50 joint venture created in 2016, provides fixed, mobile, and integrated communication and entertainment services across the Netherlands.

Liberty Global is the third largest shareholder in Vodafone after the UAE's Emirates Investment Authority and American investment group BlackRock BLK.N.

Liberty Global CEO Mike Fries stated at a conference last year that while the VodafoneZiggo joint venture performed well, seven years was a long duration for such a partnership, prompting the need to evaluate its future direction.

($1 = 0.9168 euros)

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