Vodafone complete Liberty Global acquisition
Thursday, August 1, 2019
The agreement, originally made on May 9 2018, will see Vodafone Group take control of Unitymedia, the second largest cable network in Germany and in…
Vodafone Group Plc announces today that it has completed the acquisition of Liberty Global’s operations in Germany and eastern Europe for a total enterprise value of €18.4 billion.
The agreement, originally made on May 9 2018, will see Vodafone Group take control of Unitymedia, the second largest cable network in Germany and in the Czech Republic, as well as UPC in Hungary and Romania
Following the completion of the deal, Vodafone now becomes Europe’s leading converged operator with 54 million cable and fibre households ‘on-net’ and a total next-generation network reach of 124 million homes and businesses. Almost half of Vodafone’s consumer European service revenues now come from growing fixed and converged services.
“With the acquisition of Liberty’s assets in Germany and CEE, we have completed our transformation into Europe’s leading converged operator." Vodafone Group CEO Nick Read (pictured).
"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.”