Liberty Global in talks to acquire Vodafone’s stake in Dutch JV VodafoneZiggo

News The two companies formed the JV back in 2016 Liberty Global has entered into talks with Vodafone over a potential acquisition of Vodafone’s stake in Dutch joint venture VodafoneZiggo, Bloomberg has reported . VodafoneZiggo is a Dutch telco company formed as a joint venture (JV)  between Vodafone Group and Liberty Global in 2016. The JV is spit equally between the companies. It was formed as a merger between Vodafone’s mobile services and Ziggo’s broadband and television operations in the Netherlands. The potential deal, which has been in negotiations for several months, could see Vodafone’s stake valued at over €2 billion. If the acquisition proceeds, Liberty Global would gain full control over VodafoneZiggo. The move does not come as a total surprise. Speaking at the Goldman Sachs’ European Communacopia Conference in September last year, Liberty Global Chief Executive Officer Mike Fries said despite the success of the JV, “seven years is a long time for a joint venture. So, we need to think about where we’re going with that business.” All three partied have declined to comment on the report. Keep up to date with the latest international telecoms news by subscribing to our newsletter, three times per week into your inbox Also in the news: Vodafone and Ericsson cut 5G energy bill by a third in latest ‘sleep mode’ trials Startup Stories: Introducing automation and observability specialist Telaverge Communications Shock U-turn as Jio and Airtel both sign up for Starlink