Vodafone Raises Stake in India’s Vi to 47.61% for ~$600mn
British telecom giant Vodafone has increased its stake in its struggling Indian arm Vodafone Idea from 44.39% to 47.61% through its subsidiary Prime Metals and Euro Pacific Securities. The company allotted 3.38bn shares at INR 13.3/share (including a premium of INR...
Vodafone Rejects $13bn Iliad, Apax approach for Italian Biz
Vodafone rejected a preliminary offer for its Italian business from Iliad and Apax Partners worth more than €11bn ($12.5bn). Vodafone said that the offers were not in the best interest of its shareholders, adding that it was pursuing several value accretive deals....
Vodafone Said to Be Mulling Mergers With British & Italian Telcos
Vodafone Group is said to be mulling mergers of its British and Italian units with CK Hutchison’s Three UK and France’s Iliad SA respectively, as per Bloomberg and Reuters sources. The sources said that Vodafone had expressed interest in Three UK late last...
