Vodafone To Sell Its Netherlands Consumer Fixed Unit To T-Mobile Netherlands

(RTTNews) - Vodafone Group Plc (VOD.L, VOD) confirmed that Vodafone Libertel B.V. or "Vodafone Netherlands" has agreed to sell its consumer fixed business or "Vodafone Thuis" to T-Mobile Netherlands Holding B.V. for an undisclosed sum.

The divestment of Vodafone Thuis was a commitment offered by Vodafone Group Plc and Liberty Global plc to the European Commission as a condition of clearance of the merger of Vodafone Netherlands and Ziggo in the Netherlands.

Vodafone Thuis has about 150,000 consumer fixed broadband customers.

The transaction is conditional on approval from the Dutch competition authority, the European Commission approving T-Mobile Netherlands Holding B.V. as a suitable purchaser of Vodafone Thuis and consultations with Works Councils. The transaction is expected to close in December 2016.