M7 Group (Astorg-backed) Acquires Liberty Global's Eastern European DTH Operations

Canal+ (Vivendi) to Acquire M7 Group from Astorg

May 27, 2019

Media & Entertainment

Canal+ Group, a subsidiary of Vivendi, has agreed to buy Luxembourg-headquartered pay-TV operator M7 Group from private equity firm Astorg. The transaction, announced 27 May 2019 and subject to regulatory clearance, expands Canal+'s European pay-TV and OTT footprint and brings M7's ~3 million subscribers and broadband/telephony assets into Canal+'s distribution network.

Liberty Global to Acquire Vodafone’s 50% Stake in VodafoneZiggo and Create Ziggo Group

February 18, 2026

Telecommunications

Liberty Global has entered into a definitive agreement with Vodafone Group to acquire Vodafone’s 50% shareholding in the Dutch telecommunications joint venture VodafoneZiggo for €1.0 billion in cash and a 10% equity interest in a new Benelux company called Ziggo Group. Ziggo Group is expected to hold Liberty Global’s interests in VodafoneZiggo and Belgium’s Telenet, with plans to list in Amsterdam in 2027 and spin off 90% of shares to Liberty Global shareholders.

Lynk and Omnispace Plan Merger to Deliver Next-Generation Direct-to-Device Connectivity

October 22, 2025

Telecommunications

Lynk Global and Omnispace announced plans to merge to provide a comprehensive direct-to-device (D2D) connectivity solution spanning satellite and terrestrial networks. SES, an investor in both companies, will become a major strategic shareholder and deepen its support for engineering, operations, and regulatory needs as the combined entity is expected to close late this year or early next year.

United Group Sells SBB Serbia to e&/PPF and NetTV Plus (Western Balkans rights) to Telekom Srbija

February 11, 2025

Telecommunications

United Group (majority owned by BC Partners) has agreed to sell SBB doo Belgrade to e& (Etisalat) and PPF Telecom (together “e&/PPF”), and to sell its NetTV Plus business and sports broadcasting rights for the Western Balkans to Telekom Srbija. The combined transactions carry an enterprise value of €1.5 billion (implied EV/2024 EBITDAal of ~10x) and are subject to customary regulatory approvals, expected to close in H1 2025.

Orbyt Global Acquires OTESAT-Maritel from OTE Group

October 8, 2024

Telecommunications

Greek maritime satcom provider Orbyt Global has purchased OTE Group’s 94.09% stake in OTESAT-Maritel. Financial terms were not disclosed; the deal will combine OTESAT-Maritel’s s@tgate platform and expertise with Orbyt Global’s Nexus Shark III platform to expand and upgrade maritime satellite communications and digital services.

Liberty Media Acquires Dorna Sports (MotoGP)

April 1, 2024

Media & Entertainment

Liberty Media Corporation has acquired a majority stake in Dorna Sports S.L., the exclusive commercial rights holder of the MotoGP and WorldSBK championships, in a transaction valuing Dorna at an enterprise value of $4.5 billion and an equity value of $3.7 billion. Liberty bought approximately 86% of the company from Bridgepoint Capital and the Canada Pension Plan Investment Board, with Dorna management retaining roughly 14% equity; the acquisition has been completed and MotoGP is now part of Liberty's Formula One Group.