Ziggo Group CEO named as Liberty Global (NASDAQ: LBTYA) targets 2027 Amsterdam listing
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Liberty Global Ltd. is creating Ziggo Group, a new Benelux telecom company combining VodafoneZiggo in the Netherlands and Telenet in Belgium, and plans to list it on Euronext Amsterdam in 2027. The group is described as a scaled regional player with around 13 million customers and €6.6 billion ($7.7 billion) of combined revenue as of December 31, 2025.
Liberty Global intends to appoint VodafoneZiggo CEO Stephen van Rooyen as Chief Executive Officer of Ziggo Group and Sunrise CFO Jany Fruytier as Chief Financial Officer, with both taking up their roles on September 1 to lead preparations for the planned listing. Liberty Global expects 90% of Ziggo Group shares to be distributed to its shareholders and 10% to be owned by Vodafone following a pending acquisition of Vodafone’s 50% interest in VodafoneZiggo.
The release also highlights Liberty Global’s broader operations, including approximately 80 million fixed and mobile connections across Europe generating aggregate revenue of $22 billion and a Liberty Growth investment portfolio valued at $3.4 billion as of December 31, 2025.
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Insights
Liberty Global outlines a planned Ziggo Group spin and leadership team.
Liberty Global is combining its interests in VodafoneZiggo and Telenet into Ziggo Group, targeting a 2027 listing on Euronext Amsterdam. The combined business is described as serving about 13 million customers with €6.6 billion ($7.7 billion) of revenue as of December 31, 2025.
The company plans to distribute 90% of Ziggo Group shares to its own shareholders, with 10% held by Vodafone, linked to a pending acquisition of Vodafone’s 50% interest in VodafoneZiggo. New leadership is central: Stephen van Rooyen as CEO and Jany Fruytier as CFO, effective September 1, both with prior turnaround and listing experience.
The overall impact will depend on completion of the transaction, regulatory and shareholder approvals, and Ziggo Group’s performance as a stand-alone public company. Forward-looking statements in the communication stress execution risks, including realizing expected benefits and developing a trading market after the planned 2027 listing.
8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Ziggo Group revenue: €6.6 billion ($7.7 billion)
Ziggo Group customers: 13 million customers
Planned Ziggo Group ownership split: 90% Liberty Global shareholders, 10% Vodafone
+3 more
6 metrics
Ziggo Group revenue
€6.6 billion ($7.7 billion)
Combined VodafoneZiggo JV and Telenet revenue as of December 31, 2025
Ziggo Group customers
13 million customers
Combined Benelux customer base for VodafoneZiggo and Telenet
Planned Ziggo Group ownership split
90% Liberty Global shareholders, 10% Vodafone
Expected structure following pending acquisition of Vodafone’s 50% interest in VodafoneZiggo
Liberty Global aggregate revenue
$22 billion
Liberty Telecom revenue including $18 billion JV and $4 billion consolidated
Liberty Growth portfolio value
$3.4 billion
Independently valued as of December 31, 2025
Liberty Telecom connections
80 million connections
Approximate fixed and mobile connections across Europe
Key Terms
Ziggo Group, Euronext Amsterdam, Benelux, forward-looking statements, +2 more
6 terms
Ziggo Group financial
"Ziggo Group, a newly-formed Benelux telecommunications company that will combine VodafoneZiggo in the Netherlands and Telenet in Belgium"
Euronext Amsterdam financial
"Ziggo Group is expected to be listed on Euronext Amsterdam in 2027"
Euronext Amsterdam is the national stock exchange in the Netherlands where shares and other securities are bought and sold, like a large, regulated marketplace for ownership in companies. It matters to investors because it provides a transparent place for price discovery and for converting investments into cash—similar to an auction house that sets fair prices—and because listings and rules there affect how easily and safely investors can trade and access Dutch and other European securities.
Benelux financial
"a newly-formed Benelux telecommunications company that will combine VodafoneZiggo in the Netherlands and Telenet in Belgium"
forward-looking statements regulatory
"This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
non-consolidated joint ventures financial
"including approximately $18 billion from non-consolidated joint ventures and $4 billion from consolidated operations"
robust capital structure financial
"The new stand-alone group will provide sharper strategic and financial focus and a robust capital structure"
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): June 1, 2026
(Exact Name of Registrant as Specified in Charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification #) | ||||||||||||
(Address of Principal Executive Office)
+1 .303 .220.6600
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01 REGULATION FD DISCLOSURES
This Current Report on Form 8-K and the information contained in the Press Release attached hereto as Exhibit 99.1 are being furnished pursuant to Item 7.01 and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act
of 1934 or otherwise subject to the liabilities of that Section.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Exhibit Name | |||||||
| 99.1* | Press release dated June 1, 2026 | |||||||
| 101.SCH | Inline XBRL Taxonomy Extension Schema Document | |||||||
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document | |||||||
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document | |||||||
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document | |||||||
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) | |||||||
* Exhibit is furnished herewith and not deemed to be filed.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| LIBERTY GLOBAL LTD. | ||||||||
| By: | /s/ RANDY L. LAZZELL | |||||||
| Randy L. Lazzell | ||||||||
| Vice President | ||||||||
Date: June 1, 2026
Exhibit 99.1
LIBERTY GLOBAL NAMES STEPHEN VAN ROOYEN AS NEW ZIGGO GROUP CEO AHEAD OF PLANNED AMSTERDAM LISTING IN 2027
•Current Sunrise CFO, Jany Fruytier, will take on the role of Chief Financial Officer of the combined group
•Both bring deep industry experience and will take up their roles on September 1st to lead preparations for the planned listing of Ziggo Group in Amsterdam in 2027
•Ziggo Group brings VodafoneZiggo in the Netherlands and Telenet in Belgium together into a single Benelux group with a total of around 13m customers and €6.6bn ($7.7bn) of revenue*, with both businesses continuing to operate under their existing brands and leadership teams
Denver, Colorado; London, UK: June 1st, 2026
Liberty Global Ltd. (NASDAQ: LBTYA, LBTYB and LBTYK) today announced that it intends to appoint VodafoneZiggo CEO Stephen van Rooyen as Chief Executive Officer of Ziggo Group, a newly-formed Benelux telecommunications company that will combine VodafoneZiggo in the Netherlands and Telenet in Belgium, creating a scaled regional telecoms champion with 13m customers and €6.6bn ($7.7bn) of revenue.
Mr. van Rooyen brings extensive European telecoms and media leadership experience to the role and has led a turnaround at VodafoneZiggo over the past 18 months. He previously spent more than 17 years at Sky, where he served as CEO of Sky UK & Ireland and Chief Commercial Officer of the Sky Group. He will be joined by Jany Fruytier, who has been CFO of Sunrise in Switzerland since 2020, and played a key role in the growth and public listing of Liberty Global’s Swiss business, which has delivered significant shareholder returns.
The new stand-alone group will provide sharper strategic and financial focus and a robust capital structure, giving Ziggo Group the agility to invest in innovative products and customer services, deliver digital-first customer experiences and respond more quickly to evolving customer needs.
Ziggo Group is expected to be listed on Euronext Amsterdam in 2027, with 90% of shares proposed to be distributed to Liberty Global shareholders and 10% owned by Vodafone, as a result of the pending acquisition of their 50% interest in VodafoneZiggo. The listing will also provide local investors with the opportunity to invest in a regional telecoms business combining two converged national operators, with strong customer propositions and a compelling outlook for free cash flow generation and value creation over time.
Mr. van Rooyen will retain his role at VodafoneZiggo alongside his new responsibilities. Since his appointment in September 2024, he has led a turnaround in the business, including lower churn, a refreshed brand, the launch of new customer products and the strongest fixed-line performance in nearly three years. John Porter continues as CEO of Telenet, which has just delivered its strongest quarterly broadband performance in ten years.
Mike Fries, Liberty Global Chairman and CEO, said: “The creation of Ziggo Group is a clear step towards unlocking the value in our Benelux telecoms business for shareholders. Stephen’s pan-European leadership experience and track record of operational transformation, combined with Jany’s financial expertise and experience from the Sunrise listing, give us the right team to deliver this. Together, they will lead two highly complementary businesses, and we see significant opportunities in what these two strong brands can achieve together.”
Stephen van Rooyen said: “I’m energised to take on this new role. Having led the turnaround at VodafoneZiggo over the past 18 months, I see a clear opportunity in bringing VodafoneZiggo and Telenet together under Ziggo Group. These are two strong, locally rooted businesses, and by working more closely together we can build an even stronger platform for customers across the Benelux. Together, we will continue to raise the bar on customer experience, innovation and growth in the region.”
John Porter said: “The development of Ziggo Group creates huge opportunities to generate additional strength and economies of scale at the Benelux level, while at the same time allowing us to maintain our local course and customer focus. I look forward to working closely with Stephen to help build that next phase.”
Both businesses will continue to operate under their existing brands and leadership teams. In both markets, VodafoneZiggo and Telenet offer top-tier sports and entertainment to customers and have won multiple awards for their mobile and broadband networks, underpinning strong customer propositions.
*Financial data as of December 31, 2025 and simply represents the combined results of the VodafoneZiggo JV and Telenet, excluding Wyre. US GAAP and IFRS are broadly similar. For more additional information please see Liberty Global Q1 investor presentation.
ABOUT LIBERTY GLOBAL
Liberty Global Ltd. (Nasdaq: LBTYA, LBTYB, LBTYK) delivers long-term shareholder value through the strategic management of two complementary platforms: Liberty Telecom and Liberty Growth.
Liberty Telecom is a world leader in converged broadband, video and mobile communications, providing approximately 80 million fixed and mobile connections across Europe through advanced fiber and 5G networks that empower customers and strengthen national economies. The business generates aggregate revenue of $22 billion, including approximately $18 billion from non-consolidated joint ventures and $4 billion from consolidated operations.
Liberty Growth invests in scalable businesses across the technology, media, sports and infrastructure sectors, with a portfolio of roughly 70 companies and funds valued at $3.4 billion.*
Together, these platforms reflect Liberty Global’s focus on operating, enabling and investing in businesses with strong strategic fit and the potential to deliver sustainable long-term returns.
*As independently valued as of December 31, 2025.
FORWARD LOOKING STATEMENT
This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the combination of Liberty Global’s interests in VodafoneZiggo and Telenet into a new holding company to be named Ziggo Group, the potential listing of the Ziggo Group shares for trading (together, the “Transaction”), the performance of Ziggo Group following the Transaction and other information and statements that are not historical fact. These forward-looking statements are subject to certain risks and uncertainties, some of which are beyond our control, that could cause actual results to differ materially from those expressed or implied by these statements. Such risks and uncertainties include the risk that we do not receive shareholder approval for certain aspects of the Transaction and/or related matters, our ability to satisfy the other conditions to the Transaction on the expected timeframe or at all, the approval of the shares of Ziggo Group for listing on the relevant stock exchange and the development of a trading market for them, the Liberty Global Board of Directors’ discretion to decide not to complete the Transaction for any reason, our ability to realize the expected benefits from the Transaction, unanticipated difficulties or costs in connection with the Transaction, Ziggo Group’s ability to successfully operate as an independent public company and maintain its relationships with material counterparties after the Transaction and other factors detailed from time to time in Liberty Global’s most recently filed Annual Report on Form 10-K, as it may be updated or supplemented from time to time by our quarterly reports and other subsequent filings.
These forward-looking statements speak only as of the date hereof. We expressly disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. You are cautioned not to place undue reliance on any forward-looking statement.
For more information, please visit www.libertyglobal.com or contact:
Investor Relations: Michael Bishop +44 20 8483 6246; Lewis Chong +44 7927 58318
Corporate Communications: Pádraig McGarrigle +44 7474 736967
FAQ
What did Liberty Global (LBTYA) announce about Ziggo Group?
Liberty Global announced plans to create Ziggo Group, a Benelux telecom company combining VodafoneZiggo and Telenet, with a targeted Euronext Amsterdam listing in 2027. The combined business is described as serving about 13 million customers and generating €6.6 billion ($7.7 billion) of revenue.
Who will lead Ziggo Group for Liberty Global (LBTYA)?
Liberty Global intends to appoint VodafoneZiggo CEO Stephen van Rooyen as Chief Executive Officer of Ziggo Group and Sunrise CFO Jany Fruytier as Chief Financial Officer. Both are expected to start on September 1 to lead preparations for the planned 2027 listing.
What scale will Ziggo Group have in terms of customers and revenue?
Ziggo Group is described as combining VodafoneZiggo and Telenet into a Benelux telecom company with around 13 million customers and €6.6 billion ($7.7 billion) of revenue as of December 31, 2025, excluding Wyre, based on combined VodafoneZiggo joint venture and Telenet results.
What are Liberty Global’s broader telecom and investment platforms?
Liberty Global’s Liberty Telecom platform provides about 80 million fixed and mobile connections across Europe and generates $22 billion of aggregate revenue, including $18 billion from non-consolidated joint ventures and $4 billion from consolidated operations. Its Liberty Growth platform holds a $3.4 billion investment portfolio as of December 31, 2025.
What risks did Liberty Global highlight regarding the Ziggo Group transaction?
Liberty Global highlighted risks such as not receiving shareholder approval, failing to satisfy closing conditions, obtaining listing approval for Ziggo Group shares, realizing expected benefits, unanticipated costs, and Ziggo Group’s ability to operate effectively as an independent public company after the transaction.