---
schema_version: "secwatch.filing_event.v1"
accession: "0001570585-26-000026"
form_type: "8-K"
ticker: "LBTYA"
cik: "0001570585"
company_name: "Liberty Global Ltd."
filed_at: "2026-02-18T23:59:59+00:00"
generated_at: "2026-05-16T02:02:51.475708+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Liberty Global to acquire Vodafone's 50% stake in VodafoneZiggo; plans Ziggo Group spin-off in 2027

## Summary
- Acquires Vodafone's 50% stake in VodafoneZiggo for €1.0B cash + 10% equity in new Ziggo Group.
- Ziggo Group will own 100% of VodafoneZiggo and Telenet; combined 7M mobile, 5M fixed subs, €6.6B revenue.
- Synergies and incremental services expected to deliver NPV of €1.0B (net of integration costs).
- Plans to list Ziggo Group on Euronext Amsterdam in 2027 and spin off 90% of shares to Liberty Global shareholders.
- Targets combined Adj FCF of ~€500M by 2028E and deleveraging to ~4.5x; Wyre stake sale process underway.

## SEC filing metadata
- accession: 0001570585-26-000026
- form_type: 8-K
- ticker: LBTYA
- cik: 0001570585
- company_name: Liberty Global Ltd.
- filed_at: 2026-02-18T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1570585/000157058526000026/0001570585-26-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1570585/000157058526000026/lbtya-20260218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001570585-26-000026
- JSON: https://secwatch.observer/filing/0001570585-26-000026.json
- Plain text: https://secwatch.observer/filing/0001570585-26-000026.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.