Liberty Global Forms Benelux Ziggo Group; Stephen van Rooyen Named CEO
Liberty Global is forming a new Benelux telecommunications entity, Ziggo Group, by combining VodafoneZiggo and Telenet. Stephen van Rooyen has been named CEO of the new group, which is expected to list on Euronext Amsterdam in 2027. This move aims to centralize strategic and financial focus for the combined entity, serving 13 million customers across the Netherlands and Belgium.
Key Takeaways
- Liberty Global is combining VodafoneZiggo and Telenet to form Ziggo Group, a new Benelux telecom entity.
- Stephen van Rooyen, current VodafoneZiggo CEO, is appointed CEO of the new Ziggo Group.
- Ziggo Group will serve 13 million customers across the Netherlands and Belgium.
- The new group is expected to list on Euronext Amsterdam in 2027, with 90% shares to Liberty Global shareholders and 10% to Vodafone.
- Jany Fruytier, CFO of Sunrise, joins Ziggo Group as CFO, bringing experience from Liberty Global's Swiss business listing.
Why It Matters
The formation of Ziggo Group aims to centralize strategic focus and optimize capital structure for Liberty Global's Benelux assets. This consolidation creates a significant regional player with 13 million customers, intending to drive agility in product innovation and customer service by combining two established brands. With Van Rooyen's operational experience and Fruytier's financial expertise from the Sunrise listing, Liberty Global is structuring for a public market debut. Industry stakeholders should monitor the Ziggo Group's investment strategies post-listing, particularly how it leverages its scale to compete with other telecom and streaming service providers in the Benelux region and beyond.
Read full article at advanced-television.com
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