Liberty Global, Vodafone To Join Netherlands Operations
Liberty Global and Vodafone plan to combine their Netherlands operations by year's end, with the 50/50 joint venture creating what they said in a Monday news release would be a "national unified communications provider ... with complementary strengths across video,…
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broadband, mobile and B2B services." Vodafone will pay Liberty Global 1 billion euros (roughly $1.11 billion) to equalize ownership in the joint venture, they said. “The combination of Vodafone’s leading mobile business with Ziggo’s successful broadband and TV business creates a strong and competitive integrated communications player, which will invest in digital infrastructure, entertainment services and productivity applications for Dutch consumer, business and public sector customers," said Vodafone Group CEO Vittorio Colao. The joint venture will operate under both the Vodafone and Ziggo brands, the two said.