• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar
  • Skip to footer

SEENIT

TV, Film, Broadband, Pay-TV, Games, Computing and Tech | News, Comment & Reviews

  • NEWS
  • FEATURES
  • ADVERTISE
  • Twitter

Vodafone confirms £16bn deal to buy Liberty Global’s European assets

May 9, 2018 - Martin Hoscik@martinhoscik

Vodafone is to buy the majority of Liberty Global’s European assets in a £16bn deal it says will make it “the leading next generation network” on the continent and allow it to offer bundles of mobile, cable television and broadband services to consumers.

The deal includes Liberty Global’s businesses in Germany, Hungary, Romania and the Czech Republic but excludes its UK and Ireland business, Virgin Media.

Liberty Global will also retain its cable and broadband businesses in Belgium, Switzerland, Poland and Slovakia.

Vodafone Group Chief Executive Vittorio Colao said: “This transaction will create the first truly converged pan-European champion of competition.

“It represents a step change in Europe’s transition to a Gigabit Society and a transformative combination for Vodafone that will generate significant value for shareholders.

“We are committed to accelerating and deepening investment in next generation mobile and fixed networks, building on Vodafone’s track record of ensuring that customers benefit from the choice of a strong and sustainable challenger to dominant incumbent operators.

“Vodafone will become Europe’s leading next generation network owner, serving the largest number of mobile customers and households across the EU.”

Mike Fries, Chief Executive Officer of Liberty Global, commented: “We have a rich history at Liberty Global of successfully developing and reshaping our business to drive innovation, advance customer services and create significant value for shareholders.

“This is one of those moments.”

“This is also an important and exciting transaction for our customers and employees.

“In each of these markets, the combination of Liberty Global and Vodafone’s businesses will transform the competitive landscape and bring a new level of convergence to customers.

“Now more than ever, Europe needs strong competition from scaled national challengers willing and able to invest in next-generation wireless, video and broadband services.”

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Pinterest (Opens in new window)

Related

RECENT NEWS

Star Wars – Royal Albert Hall to host live orchestral screenings of The Empire Strikes Back

Joan and Jackie Collins life stories to be turned into major new TV series

BBC Radio 4’s adaptation of Neil Gaiman’s Norse Mythology is coming to CD

Hayden Christensen and Emma Roberts’ romcom Little Italy is getting a UK VoD release

FEATURES

Amazon Fire TV Stick 4K Ultra HD with all-new Alexa Voice Remote

How feasible are Hollywood’s biggest stunts?

Final Score – Not All Action Heroes Wear Capes

Review: Netgem’s NetBox 4K Freeview Play set top box

FEATURED

Freesat announces plans for Third Generation UHD set top box

Switching from a monthly to pre-paid data plan could deliver big savings for iPad and tablet users

Ministers publish changes to film, TV and game tax credits rules to ensure UK productions still qualify after Brexit

Amazon Prime Video is now available on BT TV

MORE FROM US

Latest from: streamedTV

Adult Swim is coming to Channel 4 streaming service All 4

Trailer: Esmé Creed-Miles and Joel Kinnaman in Amazon’s Hanna

Cruel Intentions Director Roger Kumble to helm new Netflix movie

Deutschland 83’s Anna Winger to make new Netflix series

Hiking programme Walks Around Britain launches new SVOD service

ADVERTISE ON SEENIT

We’re pleased to offer a number of advertising opportunities to high quality brands including content, competition and advertising placements.

Please contact us for details.

MORE FROM US

Sports On Telly

Sky Sports Box Office to show Anthony Joshua v Jarrell Miller

Eurosport Romania extends Premier League rights deal

Eleven Sports Taiwan secures rights to Unilions’ CPBL fixtures

BBC extends North West 200 broadcast rights deal

BBC confirms 2019 Guinness Six Nations Championship presenter line-up

Copyright © 2019 MayorWatch Publications Limited · All Rights Reserved · Contact Us · Copyright · Terms of Use · Privacy Policy

MayorWatch Publications Limited · 20-22 Wenlock Road · London N1 7GU · Company Number 6291816