Liberty Global gets clearance for €669M tower sale
Tower-sale proceeds are designated for VodafoneZiggo deleveraging, while Liberty Global targets €1.2–€1.4 billion in non-core asset disposals.
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Form Type
8-K
Rhea-AI Filing Summary
Liberty Global (LBTYA) said the European Commission cleared its sale of VodafoneZiggo’s passive tower assets to DigitalBridge, TD Greystone Infrastructure and L&G. The transaction has total consideration of €669 million; Liberty Global continues to anticipate closing by year-end, and the proceeds are to support deleveraging at VodafoneZiggo.
The sale is part of Liberty Global’s targeted €1.2–€1.4 billion in non-core asset disposals supporting the intended listing of Ziggo Group in Amsterdam in the middle of 2027 through a spin-off transaction. Ziggo Group combines Liberty Global’s interests in VodafoneZiggo and Telenet and is described as having 13 million customers and €6.6 billion in revenue. VodafoneZiggo reported overall revenue growth in the third quarter of 2026 and its best broadband net adds performance since 2019. It launched internet speeds of up to 8 Gbps in the Netherlands following a DOCSIS 4 network upgrade completed in 18 months.
Liberty Global said it will release its third-quarter 2026 results on November 3, 2026, and hold an investor call at 9:00 a.m. Eastern Time.
Filing Explained
The filing describes VodafoneZiggo’s third-quarter operating and financial update as preliminary and unaudited, not as finalized quarterly results.
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Tower sale consideration: €669 million
Targeted non-core asset disposals: €1.2–€1.4 billion
Internet speeds: Up to 8 Gbps
+3 more
6 metrics
Tower sale consideration
€669 million
Sale of VodafoneZiggo’s passive tower assets
Targeted non-core asset disposals
€1.2–€1.4 billion
Disposals described as supporting the intended Ziggo Group listing
Internet speeds
Up to 8 Gbps
Launched in the Netherlands
Network upgrade duration
18 months
DOCSIS 4 network upgrade
Ziggo Group customers
13 million customers
Ziggo Group description
Ziggo Group revenue
€6.6 billion
Ziggo Group description
Key Terms
passive tower assets, de-leveraging, DOCSIS 4 technology, spin-off transaction
4 terms
passive tower assets technical
"sale of VodafoneZiggo’s passive tower assets"
de-leveraging financial
"proceeds will be used for de-leveraging at VodafoneZiggo"
De-leveraging is the process of a company or investor reducing the amount of borrowed money relative to their assets or income, usually by paying down debt, selling assets, or retaining earnings. It matters to investors because lower debt reduces the risk of bankruptcy, lowers interest costs, and can improve credit ratings, but it may also slow growth if funds that could be used for expansion are used to cut debt—think of trading speed for stability by shedding excess weight.
DOCSIS 4 technology technical
"network’s upgrade to DOCSIS 4 technology"
spin-off transaction financial
"pursuant to a spin-off transaction"
A spin-off transaction is when a company separates one of its businesses into a new, independent company and distributes shares of that new company to the parent company’s existing shareholders. Like splitting a multi-purpose tool into two single-purpose tools, a spin-off can change how each business is managed, how profits and risks are allocated, and how easily shares can be bought or sold—factors that can affect the market value and risk profile investors see.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What is the consideration for Liberty Global’s VodafoneZiggo tower sale?
The sale has total consideration of €669 million. Liberty Global continues to anticipate that the deal will close by year-end.
When does Liberty Global expect the VodafoneZiggo tower sale to close?
Liberty Global continues to anticipate closing by year-end. The European Commission has cleared the sale of VodafoneZiggo’s passive tower assets to DigitalBridge, TD Greystone Infrastructure and L&G.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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): October 14, 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 2.02 Results of Operations and Financial Condition
On October 14, 2026, Liberty Global Ltd. (“Liberty Global”) issued a press release relating to the receipt of regulatory clearance for the previously announced sale of certain tower assets of VodafoneZiggo Group B.V. (“VodafoneZiggo”). The press release also included certain preliminary unaudited information regarding the expected operating and financial results of VodafoneZiggo, a wholly owned subsidiary of Liberty Global for the three months ended September 30, 2026. The text of the release is furnished herewith as Exhibit 99.1.
The information furnished pursuant to Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of Liberty Global under the Securities Act of 1933 or the Exchange Act.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Exhibit Name | |||||||
| 99.1 | Press release dated October 14, 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) | |||||||
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: October 14, 2026
 | ||
Exhibit 99.1
VODAFONEZIGGO RECEIVES EU COMMISSION CLEARANCE FOR TOWER SALE
Denver, Colorado; Amsterdam, NL – October 14, 2026
Liberty Global Ltd. (Nasdaq: LBTYA, LBTYB, LBTYK) welcomes EU commission clearance of its sale of VodafoneZiggo’s passive tower assets to DigitalBridge, TD Greystone Infrastructure and L&G.
Liberty Global continues to anticipate the deal closing [by year-end], with total consideration of €669 million as part of the targeted €1.2-1.4 billion of non-core asset disposals to support the intended listing of Ziggo Group in Amsterdam in the middle of 2027 pursuant to a spin-off transaction, as previously announced. Proceeds from the tower sale are to be used to support de-leveraging at VodafoneZiggo.
Mike Fries, Chairman and CEO of Liberty Global, said: “We welcome the swift EU Commission clearance regarding the sale of our Dutch towers which represents another important step towards the compelling listing of Ziggo Group next year. We can confirm that proceeds will be used for de-leveraging at VodafoneZiggo alongside free cash flow generation ahead of the spin-off.
“VodafoneZiggo’s ‘How we win plan’ has driven record commercial momentum during the third quarter of 2026, with the best broadband net adds performance since 2019. Furthermore, VodafoneZiggo had overall revenue growth during the third quarter of 2026, supported by strong value proposition for broadband customers.
“This is alongside the exciting launch this week of internet speeds of up to 8Gbps in The Netherlands following the network’s upgrade to DOCSIS 4 technology which was completed in a record 18 months. This innovative use of new technology has future proofed the local network without the need for expensive digging.”
Liberty Global will release its third quarter 2026 results on the morning of Tuesday, November 3, 2026. You are invited to join in its Investor Call, which will begin at 09:00 a.m. (Eastern Time). During the call, management will discuss the Liberty Global’s results and may provide other forward-looking information.
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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 $13 billion from the nonconsolidated VMO2 joint venture and $9 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.
*Includes 100% of the revenue of the VodafoneZiggo JV. Upon acquisition of Vodafone's 50% interest, Liberty Global began consolidating VodafoneZiggo in July 2026.
**As independently valued as of December 31, 2025.
ABOUT ZIGGO GROUP
Ziggo Group is a newly established Benelux champion in connectivity, entertainment and digital services, bringing together Liberty Global's interests in VodafoneZiggo and Telenet.
With 13 million customers and €6.6 billion in revenue, Ziggo Group combines strong national businesses in the Netherlands, Belgium and Luxembourg with greater scale at Group level.
The Group develops the shared strengths in technology, innovation and capital that multiply what each business can achieve on its own. This enables VodafoneZiggo and Telenet to invest more, move faster and grow in their own markets, where they remain fully responsible for their customers, people, culture and performance.
Ziggo Group is preparing for an intended listing on Euronext Amsterdam in mid-2027. Find out more at ziggogroup.com.
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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, expectations regarding VodafoneZiggo’s operating and financial results, timing of the sale of VodafoneZiggo’s passive tower assets 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 and in Liberty Global’s other filings with the SEC, 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 | Corporate Communications | |||||||
Michael Bishop +44 20 8483 6246 | Pádraig McGarrigle +44 7474 736967 | |||||||
Lewis Chong +44 7927 583187 | ||||||||