Liberty Global Offloaded UPC Slovakia for €95 Million

Liberty Global agreed to sell its cable and broadband business UPC Slovakia to the local O2 subsidiary for around €95 million. The deal is subject to regulatory approval.

UPC Slovakia is one of the country’s largest providers of TV, broadband, and fixed services, reaching more than 600,000 households in 80 cities. Its fiber network supports broadband speeds of up to 2.5Gbps. The price equates to around seven times UPC Slovakia’s estimated 2025 adjusted EBITDA, Liberty Global noted in a statement on the sale. O2 Slovakia is part of e& PPF Telecom Group.

GSMA Intelligence estimated mobile connection numbers for Q3 place it as the second largest mobile operator in the market, behind Orange’s local operation. For Liberty Global, the move comes as it continues to review its assets. In August, CEO Mike Fries signalled the company was exploring deals, following the spin-off of Swiss operator Sunrise last year.