EU Clears VodafoneZiggo Tower Sale, Paving Way for Ziggo Listing
LBTYA is trading near its 52-week low of $8.345 (2.5% above the low).
Summary
EU Commission clearance removes the last major regulatory hurdle for the €669M sale of VodafoneZiggo's passive tower assets to DigitalBridge, TD Greystone Infrastructure, and L&G. The deal is expected to close by year-end, with proceeds earmarked for de-leveraging at VodafoneZiggo. This is a key step toward the planned mid-2027 Amsterdam listing of Ziggo Group, which combines VodafoneZiggo and Telenet. Management also flagged record Q3 broadband net adds since 2019 and overall revenue growth, plus the launch of 8Gbps speeds on the upgraded DOCSIS 4 network. Q3 results are due November 3, 2026.
At the time of this announcement, LBTYA was trading at $8.55 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.9B. The 52-week trading range was $8.35 to $13.52. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.