The parent company of UPC, Liberty Global, takes an interest of 12.65 percent of Ziggo. This is the American company own part of the Dutch kabelaar. Liberty Global will pay 635 million euro for the shares.
The parent company of UPC estimates the value of Ziggo on a 5 billion euros, stands to make from the purchase of the shares. Liberty Global, no large significance in Ziggo, is for the transaction, no approval of competition authority NMa is required. The American company in the Netherlands, UPC, as the daughter has made the acquisition of the shares itself known.
Liberty Global has an interest will get in Ziggo, it is nevertheless a huge step. Ziggo and UPC are the two largest kabelaars of the Netherlands, even though they compete nowhere directly: both have well-defined areas where they offer their services. UPC and Ziggo have worked in the past ever put together, for example, to buy frequencies in the 2.6 GHz band.
Liberty Global has already been linked with a takeover of Ziggo. The current step, however, is by no means acquisition, but the acquisition of a small minority. The expectation is that the minority stake of Liberty Global in the short term, no consequences for the customers of Ziggo or UPC.