LONDON: Vodafone Group Plc has launched a placing of its remaining 79.2 million shares in Indus Towers Limited representing 3.0% of Indus’ outstanding share capital through an accelerated book build offering. The proceeds will be used firstly to repay Vodafone’s outstanding borrowings of $101 million to Vodafone’s existing lenders, secured against Vodafone’s Indian assets. Under the terms…
LONDON: Vodafone Group Plc announced the sale of a further 10% stake in Oak Holdings GmbH, the partnership that co-controls Vantage Towers, for €1.3 billion. This further sale achieves the 50:50 joint ownership structure with the consortium of long-term infrastructure investors led by Global Infrastructure Partners and KKR that was envisaged when the co-control partnership…
LONDON: Vodafone Group Plc announced that it has sold 484.7 million shares in Indus Towers Limited, representing 18.0% of Indus’ share capital through an accelerated book-build offering. The Placing raised INR 153.0 billion (€1.7 billion) in gross proceeds which will be used to substantially repay Vodafone’s existing lenders in relation to the outstanding bank borrowings…
Vodafone has announced that it will offer a broadband package that can achieve speeds of up to 2.2 Gbps in “early 2024”. The company says that this will be much faster than the current EE network, which offers up to 1 Gbps. It also claims that downloading a whole game, such as Call of Duty,…
Vodafone and Three UK have agreed to merge their UK operations, creating the country’s largest mobile phone network with a value of £15 billion. The deal, which is expected to close by the end of 2024, will see Vodafone own 51% of the combined business and Three’s parent company CK Hutchison own the remaining 49%….
LONDON, UK: Vodafone Group and Emirates Telecommunications Group (e&) have agreed a strategic relationship that brings the two operators closer together in certain aspects of their businesses. As part of this strategic relationship, Vodafone and e& have entered into a relationship agreement that establishes e& as a cornerstone shareholder of Vodafone. This is the next…
LONDON, UK: Vodafone Group holds 757.8 million shares in Indus Towers Limited, equivalent to a 28.1% shareholding, a bourse filing noted. As much as 190.7 million of these shares, equivalent to a 7.1% shareholding, are currently pledged to Indus as part of the security arrangements entered into between Vodafone and Indus at the time of…
LONDON, UK: Vodafone Group has agreed to transfer its 55% shareholding in Vodafone Egypt to Vodacom Group Limited, its sub-Saharan African subsidiary. This transfer simplifies the management of Vodafone’s African holdings and further strengthens the delivery of connectivity and financial services in Africa. Transaction rationale The transaction is expected to generate clear benefits for Vodafone,…
LONDON, UK: Vodafone Group announced that Deborah Kerr will be appointed as a non-executive director with effect from 1 March 2022. Deborah Kerr is a growth-oriented technology executive with a track record of successfully transforming global enterprise software and service companies across various industries. She has held board and executive leadership roles with both private…
LONDON: Vodafone Group and Vodafone GmbH in consultation with Vantage Towers AG and the underwriters have set a final offer price of €24.00 per share for existing ordinary registered shares with no par value offered in Vantage Towers’ initial public offering (IPO). In total, Vodafone is placing 95.833 million shares (including 12.5 million shares to…
LONDON: Vodafone and Vantage Towers AG have set the price range for existing ordinary registered shares with no par value to be offered in Vantage Towers’ planned initial public offering (IPO) at between €22.50 and €29.00 per Share. The final offer price will be determined based on a bookbuilding process. The period during which investors…
Vodafone Group plc (/ˈvoʊdəfoʊn/) is a British multinational telecommunications company. Its registered office is located in Newbury, Berkshire, England and its global headquarters is based in London, England. It predominantly operates services in the regions of Asia, Africa, Europe, and Oceania. Among mobile operator groups globally, Vodafone ranked fourth (behind China Mobile, Bharti Airtel and…