Recent Updates — LBTYA
Liberty Global Ltd. reported third-quarter 2026 consolidated revenue of $1,920.6 million and net earnings of $547.7 million, compared to a loss of $83.4 million in the prior-year period. Adjusted EBITDA increased 79.1% year-over-year to $602.6 million. The company completed $100 million in share repurchases during the quarter and holds approximately $2.0 billion in corporate cash. Strategic updates include progress toward the planned Q2 2027 spin-off of Ziggo Group, a €669 million agreement to sell VodafoneZiggo's mobile towers, and a strategic plan at Virgin Media O2 targeting £800 million in cost reductions by 2029. Liberty Global operates as a leading broadband and television service provider across Europe.
The European Commission has granted clearance for Liberty Global Ltd.'s sale of VodafoneZiggo’s passive tower assets. The transaction, valued at €669 million, involves buyers DigitalBridge, TD Greystone Infrastructure, and L&G. Proceeds will support de-leveraging at VodafoneZiggo as part of a broader strategy to raise €1.2-1.4 billion from non-core asset disposals ahead of the intended mid-2027 listing of Ziggo Group on Euronext Amsterdam. Liberty Global anticipates the deal closing by year-end 2026. Liberty Global Ltd. delivers broadband, video, and mobile communications across Europe through its Liberty Telecom platform.
On July 31, 2026, Liberty Global completed the acquisition of Vodafone Group Plc's remaining 50% shareholding in VodafoneZiggo Group Holding B.V., gaining full ownership of the Dutch telecommunications operator. The total preliminary purchase consideration was approximately €1.6 billion ($1.86 billion), consisting of €977.5 million in cash, a 10% equity interest in Ziggo Group issued to Vodafone, and additional off-market arrangement considerations. Following the transaction, Liberty Global holds a 90% interest in Ziggo Group, while Vodafone retains a 10% non-controlling equity stake. This filing serves as an amendment to provide the audited historical financial statements of VodafoneZiggo for 2024 and 2025, interim results for H1 2026, and pro forma combined financial information for Liberty Global. Liberty Global Ltd. is a global broadband services provider operating in Europe.
Liberty Global completed the acquisition of Vodafone's remaining 50% stake in VodafoneZiggo Group Holding B.V., granting Liberty Global full ownership of the Dutch telecommunications operator. The transaction closed on July 31, 2026, with consideration consisting of €1.0 billion in cash and Class B ordinary shares representing 10% of Liberty Global's issued share capital issued to Vodafone. A new shareholders' agreement was executed, establishing governance frameworks including minority protections for Vodafone and a provision allowing Vodafone to appoint one supervisory board director if the planned spin-off of Ziggo Group does not occur within eighteen months. Liberty Global intends to distribute its equity interest in Ziggo Group to shareholders and list the shares on Euronext Amsterdam. Liberty Global Ltd. operates as a multinational broadband services provider.