Vodafoneziggo Joint Venture Agreement

Home ` IoT News ` Liberty Global and Vodafone create a joint venture called VodafoneZiggo Group Holding B.V. 50:50 Joint-Venture named VodafoneZiggo Group Holding B.V. („VodafoneZiggo“ or „JV“). Liberty Global plc (NASDAQ: LBTYA, LBTYB, LBTYK, LILA and LILAK) and Vodafone Group Plc (LSE: VOD) announced today that Liberty Global Europe Holding B.V. and Vodafone International Holdings B.V. have entered into an agreement to merge their operations in the Netherlands into a 50:50 joint venture. The joint venture will bear its name under both the Vodafone and Ziggo brands and will create a nationally integrated communications provider with more than 15 million revenue production units, including 4.2 million videos, 3.2 million very high-speed, 2.6 million fixed telephony and 5.3 million mobile services 4. From 2021, the joint venture will achieve annual synergy savings of 210 million euros, well below the initial forecast of 280 million euros. According to a press release issued on 31 December, the Dutch joint venture 50-50 between Liberty Global and Vodafone has been concluded. The company is reported as VodafoneZiggo on The Dagblad Financieele On Monday.

Liberty Global is holding a conference call for analysts and investors on Tuesday, February 16, 2016. The call immediately begins at 9:00 a.m. .m. (New York Time). During the call, Liberty Global will discuss its results and operations in 2015, including the results and Liberty Global Group and LiLAC Group, and expects to address the joint venture, comment on the company`s outlook and provide further forward-looking information. Liberty Global and Vodafone have entered into a Dutch joint venture and have created a fully converged national communications operator, called VodafoneZiggo Group Holding. „This joint venture is good news for Dutch consumers and businesses,“ said Mike Fries, CEO of Liberty Global. VodafoneZiggo will be the most innovative provider of convergent communications services in the Netherlands, with a complete suite of leading television, broadband, fixed telephony and mobile phone products on the first day of the joint venture.

We are also looking forward to our shareholders. Liberty Global plc (NASDAQ: LBTYA, LBTYB and LBTYK) and Vodafone Group Plc (LSE: VOD) announced today that Liberty Global Europe Holding B.V. and Vodafone International Holdings B.V. have completed the transaction to combine their Dutch operations into a 50:50 joint venture. Mike Fries, CEO of Liberty Global, commented: „This joint venture is good news for Dutch consumers and businesses. VodafoneZiggo will be the most innovative provider of convergent communications services in the Netherlands, with a complete suite of leading television, broadband, fixed telephony and mobile phone products on the first day of the joint venture. This is a highly accredited transaction, with significant synergies and a predictable dividend flow. With more than 500 million euros in cash generated and valued since the announcement of the agreement in February, Liberty`s total revenue will exceed 2.7 billion euros. We look forward to using this capital to drive long-term growth and investor returns. Vodafone and Liberty Global are aware that their employees will be essential to the success of the joint venture.

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