Home Vodafone, Liberty Global agree merger of Dutch activities
 

Keywords :   


Vodafone, Liberty Global agree merger of Dutch activities

2016-02-16 08:11:00| Telecompaper Headlines

(Telecompaper) Vodafone and Liberty Global have reached an agreement on a 50-50 joint venture in the Netherlands. Vodafone will pay Liberty Global EUR 1 billion cash as part of the deal and contribute its Dutch mobile operator on a debt- and cash-free basis to the venture, alongside Liberty's cable operator Ziggo. Pending regulatory approval, the companies expect to close the deal by the end of 2016. The merger is expected to lead to synergies of EUR 3.5 billion, including EUR 280 million in annual cost savings from the fifth year of the merger. The joint venture will target a leverage of 4.5-5.0 times EBITDA, based on Ziggo's current EUR 7.3 billion in debt. The merger will create a completely integrated fixed and mobile player, competing alongside Dutch incumbent KPN. 

Tags: global activities agree dutch

Category:Telecommunications

Latest from this category

All news

»
25.11 SGY-PM910ZW
25.11Pioneer DJ DDJ-SP1 DJ
25.11Dr.STONE
25.11
25.1146 dvd
25.11 SONY 4 CUH-1100A
25.11 COMPLETE DVD-BOX6
25.11DAHON /(330mm8°)
More »