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Vodafone ( (GB:VOD) ) just unveiled an announcement.
Vodafone has successfully completed the sale of its remaining 3.0% stake in Indus Towers Limited, raising INR 28.0 billion (US$330 million). The proceeds have been used to repay borrowings and increase its shareholding in Vodafone Idea Limited to 24.39% through a preferential allotment. This move satisfies Vodafone’s obligations to Indus Towers, potentially strengthening its financial positioning and stakeholder confidence.
More about Vodafone
Vodafone is a leading European and African telecommunications company, offering mobile and fixed services to over 330 million customers across 15 countries. It partners with mobile networks in 47 additional countries and operates one of the largest IoT platforms globally. In Africa, Vodafone’s financial technology services cater to nearly 83 million customers across seven nations, processing more transactions than any other provider. The company is committed to using technology to enhance lives and promote sustainable societies, aiming for net zero emissions by 2040.
YTD Price Performance: -2.40%
Average Trading Volume: 80,843,460
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £16.98B
See more data about VOD stock on TipRanks’ Stock Analysis page.
