Liberty Global agreed to sell VodafoneZiggo's tower assets to a joint entity owned by DigitalBridge, TD Greystone Infrastructure, and L&G for €669 million. The transaction values the Dutch tower assets at 16.2x 2025 EBITDA and is subject to regulatory approvals and VodafoneZiggo works council consultation. Proceeds will be used to retire debt across Ziggo Group, a telecommunications company that holds Liberty Global's interests in VodafoneZiggo and Telenet. The sale supports Liberty Global's €1.2-1.4 billion non-core asset disposal plan, paving the way for Ziggo Group's listing in Amsterdam in mid-2027.

Liberty Global

DigitalBridge Group

Liberty Global Sells Dutch Towers for €669mln, Supports Ziggo Listing

Liberty Global agreed to sell VodafoneZiggo's tower assets to an entity owned by funds managed by DigitalBridge, TD Greystone Infrastructure, and L&G for €669 million. The transaction values the Dutch tower assets at 16.2x of their 2025 EBITDA. Proceeds will be used to retire debt across Ziggo Group, a new Benelux telecommunications company. The deal is part of Liberty Global's targeted €1.2-1.4bn of non-core asset disposals to support Ziggo Group's planned listing in Amsterdam in mid-2027.

Liberty Global Sells VodafoneZiggo's Tower Assets for €669 Million

Liberty Global: Proceeds to be used to retire debt

Liberty Global: Proceeds to be used to retire debt

Liberty Global - Proceeds from sale to retire debt across Ziggo Group

Liberty Global - Proceeds from sale to retire debt across Ziggo Group

Liberty Global - Targets EUR 1.2-1.4 bln non-core asset disposals for Ziggo group listing in 2027

Liberty Global - Targets EUR 1.2-1.4 bln non-core asset disposals for Ziggo group listing in 2027

Catalyst<ul> <li>Recent Inverted Hammer signals indicate bullish bias for LBTYA.</li> <li>Strong fund inflows in medium, large, and extra-large buckets support positive momentum.</li> <li>Positive fundamental factors include high ROE and strong interest coverage ratio.</li></ul>Risk<ul> <li>MACD Golden Cross signal is evaluated as biased bearish.</li> <li>Analyst ratings are uniformly Neutral, reflecting flat market expectations.</li></ul>

Key Factors

Liberty Global agreed to sell VodafoneZiggo's mobile tower portfolio for approximately €669 million to a consortium including DigitalBridge, Legal & General, and TD Asset Management.The proceeds from the tower sale will be used to retire debt across Ziggo Group, supporting Liberty Global's broader restructuring efforts.This transaction is part of Liberty Global's targeted €1.2 to €1.4 billion non-core asset disposal plan, paving the way for Ziggo Group's planned listing in Amsterdam in mid-2027.

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