Liberty Global has agreed to buy out Vodafone's stake in their Dutch joint venture for €1 billion, the companies announced. The deal will give Liberty Global full control of Ziggo Group, the combined cable and mobile business operating in the Netherlands. The transaction is expected to close in the first half of 2025, subject to regulatory approvals.

This acquisition marks a significant consolidation in the Dutch telecom market, where Liberty Global and Vodafone have operated together since 2016. The joint venture combined Ziggo's cable infrastructure with Vodafone's mobile network, creating a major competitor to KPN. Liberty Global plans to pursue an Amsterdam listing for Ziggo Group in 2025, aiming to capitalize on the company's market position and growth potential.

The buyout reflects Liberty Global's strategy to streamline its European operations and unlock value from its assets. For Vodafone, the sale provides capital to strengthen its balance sheet and focus on core markets. The Dutch market's competitive dynamics and regulatory environment will be key factors as Liberty Global prepares for the public offering.