Item 7.01 REGULATION FD DISCLOSURES
This Current Report on Form 8-K and the information contained in this Press
Release attached hereto as Exhibit 99.1 are being furnished pursuant to Item
7.01 and shall not be deemed to be "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934 or otherwise subject to liabilities of that
Section.
Item 8.01 OTHER EVENTS.
On July 19, 2022, Liberty Global plc's Belgian subsidiary, Telenet Group Holding
NV ("Telenet"), and Fluvius System Operator CV ("Fluvius") agreed to create a
separate self-funding infrastructure company in Belgium ("NetCo") that will
operate, maintain and commercially exploit all relevant fixed network
infrastructure assets currently owned or used by them, and that will further
roll-out and operate a mixed hybrid fiber coaxial (HFC) / fiber to the premises
(FTTP) network within the current Telenet geographic footprint. NetCo will be
operated as an open access network, and Telenet will become a wholesale access
client of this network. Telenet and Fluvius will each contribute to NetCo
certain assets and liabilities related to their respective cable infrastructure
businesses in Belgium. Initially, Telenet will own 66.8%, and Fluvius will own
33.2%, respectively, of the outstanding equity interests of NetCo, and Liberty
Global will consolidate NetCo as a subsidiary. The closing of the transaction is
subject to the satisfaction of certain conditions, including regulatory
conditions and approval from Fluvius shareholders, and is expected to take place
at the beginning of 2023. Upon closing, NetCo will become the owner of certain
network assets that Telenet currently leases from affiliates of Fluvius. Further
detail is in the Press Release attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Exhibit Name
99.1* Press release dated July 19, 2022
101.SCH Inline XBRL Taxonomy Extension Schema Document
101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document
101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document
104 Cover Page Interactive Data File (formatted as Inline XBRL and
contained in Exhibit 101)
* Exhibit is furnished herewith and not deemed to be filed.
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