• Subscribe
  • Advertise
    • Media Info
    • Terms & Conditions for Advertisers
    • Mechanical Data

Broadband TV News

Independent. Since 2003

  • Home
  • News Line
    • Central & East Europe
    • People
  • TV
    • On Demand/VOD
    • IPTV
    • Cable
    • Satellite
    • Terrestrial
    • Distribution
  • Business
  • Tech
  • Columns
    • Chris Dziadul
    • Julian Clover
    • Robert Briel
  • Events
    • Events Diary
    • BTN Events
    • Events Coverage
    • Submit the details of your event
  • Features
  • Resources
    • White Papers

Liberty Global acquires 12.65% stake in Ziggo

March 28, 2013 08.14 Europe/London By Robert Briel

 Ziggo logoLiberty Global has acquired 25.3 million shares in Holland’s largest cable operator, Ziggo from Barclays Capital Securities Limited at €25.00 per share.

LGI’s total investment is approximately €632.5 million. As a result of this investment, Liberty Global owns 12.65% of Ziggo, based on the shares outstanding as of December 31, 2012.

The supervisory board and the board of management of Ziggo said in a statement that they “will continue to focus on executing Ziggo N.V.’s strategy in the best interests of its stakeholders.”

The move follows the news that Barclays registered its holding in Ziggo with Dutch market regulator AFM, because it failed to sell all 20 million shares brought to the market by its original investors, Cinven and Warburg Pincus. The deal was priced at €25.05 to raise €1bn.

In a press statement, Liberty Global said it considers the acquisition of this minority stake in Ziggo as an attractive opportunity to make a strategic investment in a market where it already enjoys a sizeable presence through its UPC Netherlands subsidiary. “The purchase price is also financially attractive given the stock’s approximate 7.4% dividend yield, which is implied by Ziggo’s expectation that it will pay €370 million of dividends during 2013.”

Liberty Global will fund the acquisition of Ziggo shares with a non-recourse margin loan and existing liquidity. As the transaction does not result in Liberty Global obtaining a controlling interest in Ziggo, no regulatory approvals are required.

Ziggo is the country’s largest cable operator, serving around 3 million households, 1.8 million broadband internet customers, 2.2 million digital television customers and 1.4 million telephone subscribers.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related

Filed Under: Cable, Editor's Choice, Newsline, Top Story Tagged With: Liberty Global, The Netherlands, UPC, Ziggo Edited: 29 March 2013 10:22

About Robert Briel

Arnhem-based Robert covers the Benelux, France, Germany, Austria and Switzerland as well as IPTV, web TV, connected TV and OTT. Email Robert at rbriel@broadbandtvnews.com.

Latest News

  • Telekom Srbija loses €80m court case
  • A1 Telekom Austria buys Bulgaria’s Stemo
  • FilmBox Arthouse launches in France
  • Czech O2 opts for Android TV
  • Vodafone and Orange assess Romanian progress

Watch Video

In Conversation: Smart Routers mean Smart Homes

In the first edition of In Conversation, Julian Clover discusses how smart routers are evolving to serve the smart home with Stuart Griffin, Founder & Technologist, Consult Red. … [Webinar Replay...]

Q & A

OTT Question Time – now in association with Broadband TV News

Kauser Kanji, MD of VOD Professional, introduces the industry forum OTT Question Time. … [Read More]

Free Ebook

eBook: Overcoming the Top 5 Challenges in Server-side IP Ad insertion

IP video is a game-changer for advertising. However, unlike traditional television, IP video is more dynamic, with new devices, formats, content and services to consider. … [Download the eBook...]

Broadband TV News

  • Subscribe
  • About us
  • Contacts
  • Logos & Pictures
  • Privacy Policy
  • Terms and Conditions

Advertising

  • Media Info
  • Terms & Conditions
  • Mechanical Data
  • Video Services

News

  • Latest
  • Central & East Europe
  • TV
  • Tech
  • Streaming
  • Cable
  • Satellite
  • Terrestrial
  • IPTV
  • Business
  • People

Events

  • Events Diary
  • BTN Events
  • Submit the details of your event
  • Media Meet & Greet

Broadband TV News

PO Box 499
Cambridge
United Kingdom
CB1 0AH
news@broadbandtvnews.com

Connect with Us

 

Copyright © 2022 Broadband TV News LLP · Log in

 

Loading Comments...