Liberty Global agreed to sell cable and broadband business UPC Slovakia to O2 Slovakia for around €95 million, as it continues to streamline its European footprint.

UPC Slovakia is one of the country’s largest providers of TV, broadband and fixed services, reaching more than 600,000 households in 80 cities. Its fibre network supports broadband speeds of up to 2.5Gbps.

The price equates to around seven times UPC Slovakia’s estimated 2025 adjusted EBITDA, Liberty Global noted in a statement on the sale.

O2 Slovakia is part of e& PPF Telecom Group. GSMA Intelligence estimated mobile connection numbers for Q3 place it as the second largest mobile operator in the market, behind Orange’s local operation.

The deal is subject to regulatory approval.

For Liberty Global, the move comes as it continues to review its assets. In August, CEO Mike Fries signalled the company was exploring deals, following the spin-off of Swiss operator Sunrise last year.