Vodafone Dutch JV with Liberty Global complete but no news on UK
Vodafone Netherlands will merge with Liberty Global’s Dutch subsidiary Ziggo to form a multiplay joint venture designed to better compete with market leader KPN.
Vodafone Netherlands will merge with Liberty Global’s Dutch subsidiary Ziggo to form a multiplay joint venture designed to better compete with market leader KPN.
International cable group Liberty Global is to acquire Dutch cable operator Ziggo outright, in a deal that values the firm at €10bn. Last year, the firm acquired British cable firm Virgin Media for $24bn and said at the time that it intends to create the “world’s leading broadband communications company”. Ziggo offers television, internet and telephony services in the Netherlands.
The CEO of German operator group Deutsche Telekom, René Obermann, is leaving the firm to head up Dutch national media and communications services provider Ziggo. Obermann will assume the role on January 1, 2014.
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