0
Broadband

Liberty Global to acquire Ziggo for EUR 10 bln

Monday 27 January 2014 | 09:02 CET | News
Always wanted to know everything about the Dutch Telecoms market? Then the online Masterclass Introduction Dutch Telecom market is for you! Please enroll here!
Liberty Global has agreed to buy Ziggo, in a deal valuing the Dutch cable operator at EUR 10 billion. The merger of Ziggo with Liberty's Dutch subsidiary UPC will create the Netherlands' largest cable operator, with a network passing over 90 percent of homes in the Netherlands. Liberty acquired a nearly 30 percent stake in Ziggo last year, and the two confirmed in December talks on a takeover. The offer values Ziggo at EUR 34.53 per share, a premium of 22 percent compared to its price in mid-October when talks first emerged of a possible deal with Liberty. Liberty is offering EUR 11.0 cash,

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: Liberty Global / UPC / Ziggo
Countries: Netherlands
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

KPN-Ziggo dominance prevails after 10 years of consolidation on Dutch market

Published 16 Jan 2020 11:54 CET | Netherlands
The combined market share of incumbent KPN and cable operator Ziggo remains around 80 percent on the Dutch fixed market, despite ...

Obermann to join Warburg Pincus after Ziggo sale - report

Published 26 Aug 2014 10:24 CET | Netherlands
Rene Obermann, the former CEO of Deutsche Telekom and current CEO of Dutch cable company Ziggo, is to join US-based Warburg ...

Liberty Global updates prospectus for Ziggo bid

Published 12 Aug 2014 10:20 CET | Netherlands
Liberty Global announced it has filed an updated prospectus on its takeover bid for Dutch cable operator Ziggo. It includes the ...

Liberty Global offers to sell Film1 for Ziggo deal - report

Published 25 Jul 2014 11:10 CET | Netherlands
Liberty Global has offered to sell its pay-TV channel Film1 in an attempt to win regulatory approval for its proposed acquisition ...

Liberty Global submits concessions on Ziggo takeover

Published 15 Jul 2014 13:55 CET | Netherlands
Liberty Global confirmed it has proposed concessions to the European Commission to secure approval for its proposed takeover of ...

Liberty Global launches bid for Ziggo, Coopmans to be CEO

Published 27 Jun 2014 10:02 CET | Netherlands
Liberty Global has announced the subscription period for its takeover bid for Dutch cable operator Ziggo, first announced in ...

KPN calls for market deregulation after UPC-Ziggo merger

Published 19 May 2014 17:41 CET | Netherlands
KPN has called for a significant reduction in regulation on the Dutch market, saying the proposed merger of the country's two ...

EC opens in-depth investigation of UPC-Ziggo merger

Published 08 May 2014 17:12 CET | Netherlands
The European Commission has opened an in-depth investigation into Liberty Global's proposed takeover of Dutch cable operator ...

EC plans phase 2 investigation of Liberty, Ziggo - report

Published 28 Apr 2014 13:34 CET | Netherlands
Liberty Global's bid for Dutch peer Ziggo is likely to face lengthy scrutiny by the European Commission because of the complex ...

EC, ACM exchange barbs over authority on UPC-Ziggo deal

Published 04 Apr 2014 12:01 CET | Netherlands
The European Commission has expressed surprise at the Dutch regulator's explicit call for the right to evaluate Liberty Global's ...

EC to review acquisition of Ziggo by Liberty Global

Published 18 Mar 2014 14:06 CET | Netherlands
The European Union's antitrust authority will review Liberty Global's planned EUR 6.9 billion acquisition of Dutch cable operator ...

UK, US funds back Liberty bid for Ziggo - report

Published 12 Mar 2014 10:31 CET | Netherlands
British and American hedge funds that together hold around 30 percent of Ziggo's shares plan to support the bid for the Dutch ...

Liberty says making good progress on Ziggo bid

Published 24 Feb 2014 10:32 CET | Netherlands
Liberty Global and Ziggo said they're making good progress on Liberty's proposed takeover bid for Ziggo. Liberty Global expects ...

UPC NL Q4: lower revenues drive focus on broadband speeds, mobile

Published 17 Feb 2014 12:39 CET | Netherlands
UPC Netherlands reported a weak set of financial results for the fourth quarter. From an operational perspective, there was ...

UPC NL loses more customers in Q4, revenues down 3.2%

Published 14 Feb 2014 09:55 CET | Netherlands
UPC Netherlands lost 21,200 customers in the fourth quarter compared to three months earlier, for a total 1.634 million at ...

Liberty Global organic sales, cash flow up 2% in Q4

Published 14 Feb 2014 08:55 CET | Europe
Liberty Global reported fourth-quarter revenues up 71 percent from a year earlier to USD 4.5 billion, driven by its takeover of ...

Ziggo-UPC merger may ensure open cable networks in the Netherlands

Published 11 Feb 2014 11:52 CET | Netherlands
If the acquisition of the largest Dutch cable operator Ziggo by Liberty Global, the owner of the second-largest cable operator ...

Liberty files Ziggo merger protocol with SEC

Published 03 Feb 2014 09:50 CET | Netherlands
Liberty Global has filed the merger protocol agreed with Dutch cable operator Ziggo with the US Securities and Exchange ...

Investment funds sell Ziggo shares

Published 03 Feb 2014 09:13 CET | Netherlands
Morgan Stanley has reduced its stake in Dutch cable operator Ziggo to 2.13 percent, from 7.39 percent previously, according to a ...

Dutch regulator to ask EC for say on Ziggo-UPC merger

Published 31 Jan 2014 11:07 CET | Netherlands
Dutch regulator ACM has confirmed it will ask the European Commission for a say on the proposed takeover of the country's largest ...

Dutch govt backs open cable networks

Published 31 Jan 2014 11:02 CET | Netherlands
Henk Kamp, the Dutch minister of economic affairs, said he could support the standpoint of opposition party D66 that cable ...

Minister: no concerns about Liberty takeover of Ziggo

Published 30 Jan 2014 10:38 CET | Netherlands
Existing laws and regulations will ensure the public interest is maintained in the event the merger of cable operators Ziggo and ...

Liberty Global focuses on Europe, what's the next move?

Published 28 Jan 2014 15:53 CET | Europe
Liberty Global International (LGI) wants to spin off its Chilean subsidiary VTR and announced it has made a friendly offer to ...

Obermann candidate to become Lufthansa CEO - report

Published 28 Jan 2014 10:45 CET | Germany
Rene Obermann, the former Deutsche Telekom CEO now at Dutch cable operator Ziggo, may be a candidate for CEO of German airline ...

Ziggo plans debt redemption, exchange

Published 28 Jan 2014 10:18 CET | Netherlands
Dutch cable operator Ziggo announced that it will redeem its EUR 750 million in notes due 2017 early. The company will pay off ...

Will regulators let Ziggo/UPC retain TV monopoly?

Published 27 Jan 2014 16:21 CET | Netherlands
The proposed acquisition of the largest Dutch cable operator, Ziggo, by Liberty Global, parent of the second-largest cable ...

Liberty Global increases share buyback by USD 1 bln

Published 27 Jan 2014 10:51 CET | World
Liberty Global announced that its board increased authorisation for the company's share buyback programe by USD 1.0 billion. The ...

Liberty Global lanceert vriendelijk bod op Ziggo

Published 27 Jan 2014 09:04 CET | Netherlands
UPC en Ziggo hebben een akkoord bereikt over een fusie tussen de twee kabelbedrijven. Het bod heeft de unanieme steun gekregen ...

Ziggo Q4 sales up 2.8%, still in talks with Liberty

Published 24 Jan 2014 09:57 CET | Netherlands
Dutch cable operator Ziggo reported fourth-quarter sales of EUR 394 million, up 2.8 percent from a year earlier. Excluding the ...

Liberty, Ziggo may agree takeover by mid-January - report

Published 06 Jan 2014 15:01 CET | Netherlands
Liberty Global is putting the final touches on an acquisition of Dutch cable operator Ziggo, and the two companies could announce ...

Ziggo: 2014 preview

Published 02 Jan 2014 12:44 CET | Netherlands
For Ziggo, 2014 will be the year of a new CEO, a possible merger with UPC and a likely expansion of its mobile services. The ...

Possible UPC/Ziggo merger underlines existing duopoly

Published 19 Dec 2013 12:17 CET | Netherlands
Ziggo's announcement that it is in talks with UPC Netherlands' parent Liberty Global about a possible merger is a new chapter in ...

Ziggo may follow Telenet and oppose Liberty Global bid

Published 12 Dec 2013 15:31 CET | Netherlands
Ziggo announced it's in talks with Liberty Global on a possible takeover. On 16 October, Ziggo said it rejected a preliminary ...

Ziggo confirms new takeover approach from Liberty Global

Published 12 Dec 2013 09:46 CET | Netherlands
Dutch cable operator Ziggo said it's in talks on a possible deal to be acquired by Liberty Global, its largest shareholder. Ziggo ...

Liberty says still interested in Ziggo bid in long term

Published 22 Nov 2013 10:53 CET | Belgium
Liberty Global is still studying a combination with Ziggo to expand in the Netherlands, after the Dutch cable operator said last ...

UPC has every reason to consider a merger with Ziggo

Published 15 Nov 2013 12:32 CET | Netherlands
UPC Netherlands had a remarkably weak third quarter in financial terms, while from a customer perspective, the company is doing a ...

Ziggo rejects takeover offer from Liberty Global

Published 16 Oct 2013 14:48 CET | Netherlands
Dutch cable operator Ziggo has rejected a takeover offer from its largest shareholder Liberty Global, which also owns the other ...

UPC owner moves closer to Ziggo acquisition

Published 29 Jul 2013 14:47 CET | Netherlands
Liberty Global, owner of the second-largest Dutch cable operator UPC Netherlands, has announced it increased its stake in the ...

UPC owner increases Ziggo stake to 28.5%

Published 27 Jul 2013 13:46 CET | Netherlands
Owner of Dutch cable operator UPC Netherlands, Liberty Global has increased its stake in Dutch cable network operator Ziggo from ...

UPC owner to profit from Ziggo stake

Published 28 Mar 2013 14:37 CET | Netherlands
Liberty Global International (LGI), owner of UPC Netherlands, has acquired 12.65 percent of Ziggo, the largest cable network ...

Liberty Global buys 12.65% stake in Ziggo

Published 28 Mar 2013 09:05 CET | Netherlands
Liberty Global has acquired a 12.65 percent stake in Ziggo, the Netherlands' largest cable operator. Liberty, which already owns ...





Calendar   /   Industry Events

26 Oct Harmonic Q3 2020
26 Oct Alphabet Q3 2020
26 Oct Twilio Q3 2020
26 Oct CCW Europe 2020
27 Oct Akamai Technologies Q3 2020
27 Oct Megacable Q3 2020
27 Oct Microsoft fiscal Q1
27 Oct A10 Networks Q3 2020
27 Oct Juniper Networks Q3 2020
27 Oct Siminn Q3 2020
27 Oct Sequans Communications Q3 2020
27 Oct Telefonica Brasil Q3 2020
28 Oct Telefonica Deutschland Q3 2020
28 Oct Equinix Q3 2020
28 Oct 8x8 fiscal Q2
28 Oct Ooredoo Q3 2020
28 Oct ZTE Q3 2020
28 Oct Belden Q3 2020
28 Oct Extreme Networks fiscal Q1
28 Oct KPN Q3 2020
28 Oct Telecoms World Asia 2020
28 Oct Cognizant Q3 2020
29 Oct Facebook Q3 2020
29 Oct Telefonica Q3 2020
29 Oct Digital Realty Q3 2020
29 Oct Ribbon Communications Q3
29 Oct Fortinet Q3 2020
29 Oct Corning Q3 2020
29 Oct Spotify Q3 2020
29 Oct CyrusOne Q3 2020
::: More Calendar Items