[Stephen]

The deal in the Netherlands is a 50/50 deal
http://www.vodafone.com/content/inde...afone-nl.html#

:50 joint venture called VodafoneZiggo Group Holding B.V. (“VodafoneZiggo” or the "JV").
Combining Ziggo’s fibre-rich broadband network with Vodafone’s market-leading mobile operation creates a stronger converged competitor in the Dutch market, delivering significant benefits for consumers, businesses and the public sector through investment in digital infrastructure and customer experience.
VodafoneZiggo has combined revenue of over €4 billion with ten million fixed and five million mobile Revenue Generating Units (RGUs)1 and the fastest-growing B2B business in the market.
Following the divestment of Vodafone’s consumer fixed business “Vodafone Thuis”, the estimated net present value of total synergies for the transaction remains around €3.5 billion.
Following the recapitalisation of VodafoneZiggo2 and after taking into account the €0.8 billion equalisation payment by Vodafone, Liberty Global will receive €2.2 billion and Vodafone will receive €0.6 billion in cash payments post-closing.