Liberty Global Agrees to Sell Dutch Towers Ahead of 2027 Ziggo Group Listing
Liberty Global today announced that it has agreed to sell VodafoneZiggo’s tower assets to an entity to be jointly owned by funds managed by DigitalBridge, TD Greystone Infrastructure and L&G for a consideration of €669 million.
The transaction values the Dutch tower assets at 16.2x of their 2025 EBITDA* and is subject to regulatory approvals and VodafoneZiggo works council consultation.
Proceeds from the transaction will be used to retire debt across Ziggo Group, the new Benelux telecommunications company that holds Liberty Global’s interests in VodafoneZiggo and Telenet.
Further sale processes are underway across Ziggo Group as part of Liberty Global’s targeted €1.2-1.4bn of non core asset disposals to support the intended listing of Ziggo Group in Amsterdam in the middle of 2027.
Mike Fries, Chairman and CEO of Liberty Global, said: “This transaction represents another important step towards the compelling listing of Ziggo Group next year. Through this disposal and others that are underway, we are creating a stronger platform for long-term growth and value creation for existing Liberty Global shareholders and local investors who want to own part of this regional telecoms powerhouse.”
* VodafoneZiggo TowerCo pro forma 2025 EBITDA on a US GAAP basis, verified by Deloitte.
