Vodafone to Sell Hungarian Arm for EUR1.7 Billion -- Update
09 Gennaio 2023 - 9:17AM
Dow Jones News
By Kyle Morris
Vodafone Group PLC said Monday that it has agreed to sell
Vodafone Hungary to 4iG Public Ltd. and Corvinus Zrt. for 1.7
billion euros ($1.81 billion), with the proceeds to be used for
deleveraging.
The U.K.-based telecommunications company said due diligence has
been completed and the companies have entered into binding terms on
the deal, which is set to complete in January.
On Aug. 22, Vodafone Group said it had entered terms to sell
Vodafone Magyarorszag Tavkozlesi Zrt, or Vodafone Hungary, for an
enterprise value of 715 billion Hungarian forints ($1.93 billion)
and that Vodafone's shared services business in Hungary, VOIS,
wasn't included in the deal and will continue to provide services
to its other operating companies.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
January 09, 2023 03:02 ET (08:02 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Grafico Azioni Vodafone (NASDAQ:VOD)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Vodafone (NASDAQ:VOD)
Storico
Da Apr 2023 a Apr 2024