Emirates Telecommunication Increases Vodafone Stake to 11%
07 Dicembre 2022 - 12:56PM
Dow Jones News
By Kyle Morris
Emirates Telecommunications Group Co. PJSC said Wednesday that
it has increased its stake in Vodafone Group PLC to 11% of the
issued share capital, implying a value of around 2.64 billion
pounds ($3.20 billion).
The company, formerly known as Etisalat Group, said it has
increased its stake in Vodafone to around 3.02 billion shares,
giving it further exposure to a leader in connectivity and digital
service at an attractive valuation.
Emirates Telecommunications has no intention to make an offer
for Vodafone, it said.
Shares in Vodafone at 1123 GMT were down 1.90 pence, or 2.1%, at
87.36 pence.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
December 07, 2022 06:41 ET (11:41 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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