- Emirates Telecommunications Group Co or Etisalat seeks a potential stake in Vodafone Group Plc's VOD African business.
- Etisalat studied the feasibility of an offer for part or all of Vodafone's stake in Vodacom Group Ltd VDMCY, Bloomberg reports.
- Etisalat also considers combining some of its own African operations with Vodacom or buying Vodacom assets in specific countries.
- Vodafone owns roughly 60% of Vodacom.
- Etisalat now owns 11% of Vodafone. Meanwhile, Etisalat has no intention to make an offer for Vodafone.
- Also Read: Vodafone Ousts CEO Nick Read; Names CFO Margherita Della Valle As Interim Chief
- Price Action: VOD shares traded lower by 1.15% at $10.73 on the last check Wednesday.
- Photo Via Company
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
