Liberty Global has disclosed the acquisition of 5 per cent stake in Vodafone Group Plc. The company bought 1.34 billion Vodafone shares (approximately 4.93 per cent), through a deal involving £225 million in equity funding from the group.
Liberty Global owns half of Virgin Media O2, a major Vodafone rival in its home market, and has operations in Belgium, Switzerland, Ireland and Slovakia. Liberty Global is now Vodafone’s third-largest shareholder after UAE-based telecoms company e& and American investment group BlackRock.
However, Liberty Global, which also has stakes in British broadcaster ITV, data centre provider AtlasEdge and the Formula E racing series, said it did not intend to seek a board seat.
