Vodafone Group completes acquisition of Liberty Global units

1 Aug 2019

British telecoms giant Vodafone Group has completed its acquisition of four of Liberty Global’s subsidiaries, in the process taking control of UPC Ceska Republika, UPC Hungary, UPC Romania and Unitymedia in Germany. With the deal having been given the go-ahead by European authorities last month – subject to a commitments package put forward by Vodafone Group – Liberty Global issued a press release to confirm the successful completion of the sale for approximately EUR19.0 billion (USD21.3 billion) on a U.S. GAAP basis, while noting the net cash proceeds were approximately EUR10.1 billion.

Commenting on the closure of the deal, Vodafone Group CEO Nick Read said: ‘With the acquisition of Liberty’s assets in Germany and CEE, we have completed our transformation into Europe’s leading converged operator. Not only have we reshaped our business, becoming the owner of the largest gigabit-capable next generation network infrastructure in the region, we are now able to play our part in realising the digital society for millions of customers.’

Czech Republic, Germany, Hungary, Romania, United Kingdom, Liberty Global (incl. LGI), Unitymedia, UPC Ceska Republika, UPC Hungary (a unit of Vodafone), UPC Romania, Vodafone Czech Republic, Vodafone Germany, Vodafone Group, Vodafone Hungary, Vodafone Romania