VodafoneZiggo: Liberty Global to Acquire Vodafone’s Stake, Forming Ziggo Group
VodafoneZiggo, a leading Dutch provider of television, internet, and telephony services, is undergoing a significant ownership shift. Liberty Global has announced its intention to purchase Vodafone Group’s 50% stake in the company, leading to the formation of a new holding company called Ziggo Group. This move consolidates Liberty Global’s position in the Benelux region, encompassing both VodafoneZiggo in the Netherlands and Telenet in Belgium.
Strategic Shift and Formation of Ziggo Group
The transaction, announced on February 18, 2026, marks a strategic realignment for both Vodafone and Liberty Global. Liberty Global will transfer its assets in the Benelux region – VodafoneZiggo and Telenet – to Ziggo Group. This new entity will operate as a unified force in the Dutch and Belgian telecommunications markets. The deal allows Vodafone Group to streamline its portfolio and focus on other core markets.
VodafoneZiggo’s Recent Performance
VodafoneZiggo demonstrated strong performance in the fourth quarter of 2025, achieving all its financial targets for the year. The company reported revenue of €1.020 billion in Q4, with a slight decline of 2.3% attributed to a decrease in broadband customers. However, this was partially offset by increased revenue from Ziggo Sport. Operating profit (EBITDA) reached €425 million.
Notably, VodafoneZiggo experienced its best quarter in two years for mobile postpaid customer acquisitions, driven by successful Black Friday campaigns and growth within its hollandsnieuwe brand. The company added 17,700 mobile postpaid subscriptions during the quarter. Retention of broadband customers also improved, with almost half now on fixed contracts, limiting broadband base decline to 11,900.
Network Innovation and Future Investments
VodafoneZiggo continues to invest in network infrastructure and customer experience. The company is a leading provider of 2 Gigabit per second (Gbit/s) speeds nationwide in the Netherlands and is rolling out even faster 2.2 Gbit/s speeds. Further investments are planned for 2026 to enhance digital resilience and customer service.
Financial Overview
As of 2024, VodafoneZiggo generated an annual revenue of €4.1 billion. The company employs 6,247 people (full-time equivalent). However, the company reported a loss of €242 million in 2024.
History and Ownership
VodafoneZiggo was established on December 31, 2016, through a merger of the Dutch operations of Liberty Global, and Vodafone. The company is jointly owned by Liberty Global (50%) and Vodafone Group (50%) prior to the announced acquisition. Its headquarters are located in Utrecht, Netherlands.
Key Takeaways
- Liberty Global is acquiring Vodafone’s stake in VodafoneZiggo.
- A new holding company, Ziggo Group, will be formed to encompass VodafoneZiggo and Telenet.
- VodafoneZiggo reported strong financial results in Q4 2025, achieving its 2025 targets.
- The company is investing in network upgrades, including the rollout of 2 Gbit/s speeds.
The acquisition signals a significant shift in the Dutch telecommunications landscape, with Liberty Global poised to strengthen its market position through the newly formed Ziggo Group. The future direction of the company will likely focus on continued network innovation and enhanced customer experience.
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VodafoneZiggo Performs Strongly in Q4 and Delivers All 2025 Targets