UK markets close in 1 hour 15 minutes
  • FTSE 100

    6,421.86
    +88.02 (+1.39%)
     
  • FTSE 250

    19,763.04
    +180.69 (+0.92%)
     
  • AIM

    1,033.55
    -1.49 (-0.14%)
     
  • GBP/EUR

    1.1230
    -0.0023 (-0.20%)
     
  • GBP/USD

    1.3319
    -0.0003 (-0.02%)
     
  • BTC-GBP

    14,491.27
    +645.12 (+4.66%)
     
  • CMC Crypto 200

    380.91
    +11.16 (+3.02%)
     
  • S&P 500

    3,608.52
    +30.93 (+0.86%)
     
  • DOW

    29,960.77
    +369.50 (+1.25%)
     
  • CRUDE OIL

    44.69
    +1.63 (+3.79%)
     
  • GOLD FUTURES

    1,801.40
    -36.40 (-1.98%)
     
  • NIKKEI 225

    26,165.59
    +638.22 (+2.50%)
     
  • HANG SENG

    26,588.20
    +102.00 (+0.39%)
     
  • DAX

    13,272.79
    +145.82 (+1.11%)
     
  • CAC 40

    5,554.82
    +62.67 (+1.14%)
     

Vodafone intends to put stake in Telefonica UK-JV into towers spin-out

A man checks his mobile phone next to a Vodafone logo at the Mobile World Congress in Barcelona

Vodafone intends to put stake in Telefonica UK-JV into towers spin-out

A man checks his mobile phone next to a Vodafone logo at the Mobile World Congress in Barcelona

LONDON (Reuters) - Vodafone <VOD.L> said on Monday it intended to put its stake in its UK mobile towers joint venture with Telefonica <TEF.MC> into Vantage Towers, the infrastructure spin-out it intends to list early next year.

"We have done a significant amount of work with Tef (Telefonica) and it is our intention ultimately to roll our stake in CTIL into Vantage Towers, ideally ahead of the IPO," Chief Executive Nick Read told reporters after the group published its first-half results.

(Reporting by Paul Sandle; Editing by Kate Holton)