Examples of JV Transaction in a sentence
Fair value measurements are also used in connection with non-recurring valuations performed in connection with acquisition accounting, impairment assessments and the accounting for the JV Transaction.
VMED O2, which was formed on 1 June 2021 (the JV Transaction ), is a 50:50 joint venture between Liberty Global plc ( Liberty Global) and Telefónica, SA (Telefónica) (the Joint Venture).
The following list sets forth the primary non-recurring valuations performed related to certain of our assets and liabilities upon closing of the JV Transaction: • Enterprise value.
Shareholders Agreement In connection with the JV Transaction, on 1 June 2021, Telefónica and Liberty Global entered into a shareholders agreement (the Shareholders Agreement).
Prior to the completion of the JV Transaction, (i) Virgin Media was a wholly-owned subsidiary of Liberty Global that provided fixed and mobile communications services in the U.K. and (ii) O2 was a wholly-owned subsidiary of Telefónica that provided mobile communications services in theU.K. For additional information on the formation of the Joint Venture, see note 2.