NIKKEI 225
38,482.11 +379.67 (+1.00%) HANG SENG
17,915.55 -20.57 (-0.11%) CRUDE OIL
81.61 +1.28 (+1.59%) GOLD FUTURES
2,344.20 +15.20 (+0.65%) DOW
38,834.86 +56.76 (+0.15%) Bitcoin GBP
50,804.53 -1,579.32 (-3.01%)
VOD Jul 2024 17.000 call
- Reuters
Vodafone to sell 10% stake in India's Indus Towers for up to $1.1 billion, term sheet shows
BENGALURU (Reuters) -Vodafone Group will sell about 10% stake in India's Indus Towers for as much as $1.1 billion on Wednesday, per a term sheet seen by Reuters, as a part of the British firm's efforts to repay debt. Last week, Reuters reported that Vodafone was mulling to sell its stake in mobile-tower operator Indus Towers, in which it owns a 21.5% stake via various group entities. Vodafone plans to repay part of its $42.17 billion net debt using proceeds from the Indus Towers stake sale, sources had told Reuters last week.
- Zacks
Vodafone (VOD) Considers Selling Tower Assets to Trim Debt Burden
Vodafone (VOD) is reportedly mulling the divestiture of its tower assets in India in order to repay debt and improve its liquidity.
- Benzinga
Vodafone Offloads India's Indus Towers Stake To Trim $2.3B Debt
Vodafone Group Public Limited Company (NASDAQ:VOD) reportedly plans to sell its entire $2.3 billion stake in India’s Indus Towers through stock market block deals next week. The move is part of the British firm’s strategy to repay debt, Reuters reports. Vodafone currently owns 21.5% of mobile tower operator Indus Towers through various group entities. Based on Friday’s stock price in Mumbai, the investment is valued at $2.3 billion. As per the report, the final size of the stake sale is yet to b
