Liberty Global has agreed to sell UPC Slovakia to O2 Slovakia, an affiliate of e& PPF Telecom, for around €95 million.
The deal is subject to regulatory approval and other customary closing conditions. Liberty Global said the valuation equates to around 7x UPC Slovakia’s estimated 2025 Adjusted EBITDA.
UPC Slovakia is one of the country’s larger providers of TV, broadband and telephony, serving more than 600,000 households across 80 cities, with broadband speeds of up to 2.5 Gbps.
O2 Slovakia said the acquisition will give it a nationwide fixed broadband footprint and support a shift towards fixed-mobile convergence in the Slovak market, combining UPC’s fixed network with O2’s mobile operation.
Liberty Global has already exited most of its Central and Eastern Europe footprint, selling its cable operations in the Czech Republic, Hungary and Romania (as part of the wider 2019 Vodafone transaction). It sold UPC Poland to iliad’s Play (deal agreed in 2021 and completed in 2022), while its Eastern European DTH satellite TV operations(Hungary/Czech Republic/Slovakia/Romania) went to the Canal Plus-owned M7 Group.
