Vodafone has officially confirmed the sale of its 50% stake in the Dutch joint venture VodafoneZiggo to its partner Liberty Global. The transaction is valued at 1 billion euros ($1.08 billion) in cash, alongside a 10% equity interest in a newly formed entity named Ziggo Group. This strategic move marks the end of a decade-long partnership and the creation of a regional powerhouse. Ziggo Group will consolidate Liberty Global’s major Benelux assets, including the 100% interest in VodafoneZiggo and the Belgian telecom operator Telenet. The deal highlights significant financial shifts for both companies. Vodafone shares climbed 4.3% following the announcement, as investors welcomed the cash influx. Liberty Global’s stock also saw a sharp 8.6% rise in New York, reflecting market confidence in the consolidation strategy. The transaction is valued at approximately 7.1 times the estimated 2025 adjusted EBITDA. Liberty Global plans to list Ziggo Group on Euronext Amsterdam in 2027, with intentions to spin off 90% of the shares to its current shareholders. Operationally, Vodafone will continue to support the Dutch business. The two firms have established a long-term service agreement where Vodafone will provide brand licensing and technical services for a total consideration of 625 million euros over the next 10 years. The Dutch telecom market remains highly competitive, valued at approximately 9.1 billion euros in 2025. VodafoneZiggo currently maintains a strong footprint, reporting quarterly revenue of 1.02 billion euros and adjusted EBITDA of 425 million euros. The new Ziggo Group aims to generate approximately 500 million euros in adjusted free cash flow by 2028. The company is also targeting a combined net present value of 1 billion euros in synergies through this regional integration. Regulatory approvals are required before the deal can finalize. Completion is expected in the second half of 2026. Until then, both VodafoneZiggo and Telenet will continue to operate under their existing brands and management teams. This divestment allows Vodafone to streamline its European portfolio while maintaining a 10% upside in the enlarged Benelux entity. For Liberty Global, the move simplifies its corporate structure and prepares its regional assets for a major public listing.