Liberty Global, Vodafone join forces in The Netherlands

Liberty Global, the world's largest cable company,  and UK phone network operator Vodafone on Monday agreed to combine their operations in the Netherlands by creating a joint venture.  
  
Liberty Global is also in the process of  acquiring Cable & Wireless Communications, FLOW's parent company.
  
Vodafone will pay €1 billion to Liberty as part of  the agreement to combine its mobile operations with Liberty's fiber broadband network, Ziggo, in a 50-50 joint venture.
  
The companies made the announcement in a joint statement.