Sale of shareholding in VodafoneZiggo completes

Summary by AI BETAClose X

Vodafone Group Plc has completed the sale of its interests in VodafoneZiggo Group Holding B.V. to Liberty Global Ltd, receiving €1.0 billion in cash and a 10% shareholding in Ziggo Group. This transaction also includes an agreement for Vodafone to provide services to VodafoneZiggo over the next 10 years, with expected charges of €625 million. The proceeds from this sale will be utilized to reduce Vodafone Group's net debt.

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