根据最新披露的协议条款，沃达丰集团（VOD.UK）获得一项选择性权利：若在交易完成后的18个月期限内，双方未能实现既定的业务分拆计划，该公司有权将其持有的荷兰有线电视运营商Ziggo的10%股权出售给第三方。
该条款作为沃达丰与自由全球（LBTYA）复杂交易架构中的风险对冲机制，旨在为潜在的分拆延迟或失败情形提供明确的资产退出路径。股权转让条款的触发条件与时间节点紧密挂钩，体现出交易双方对合作进程的审慎规划。
分析师指出，此项安排既保障了沃达丰在合作不确定性中的资产流动性，又为Ziggo的股权结构变化预设了市场化解决方案。目前两家电信巨头正推进整合荷兰业务的最终协议，该选择性条款的有效期将随主交易完成日起自动激活。
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