Vodafone Group Agrees to Sell Malta Operations to Monaco Telecom
19 Dicembre 2019 - 10:06AM
Dow Jones News
By Adria Calatayud
Vodafone Group PLC (VOD.LN) said Thursday that it has agreed to
sell its Malta operations to Monaco Telecom SAM for a cash
consideration equivalent to an enterprise value of 250 million
euros ($278.2 million).
The U.K. telecommunications group said the business will
continue to operate under the Vodafone brand for a transitional
period.
The sale is conditional on regulatory approval from the Malta
Communications Authority and is expected to close in the first
quarter of the 2020 calendar year, Vodafone said.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
December 19, 2019 03:51 ET (08:51 GMT)
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