The Vodafone share price has been on a steady decline for a number of years now, but is there a turnaround on the horizon? Gordon Best takes a look. The post Will the Vodafone share price keep falling? appeared first on The Motley Fool UK.
(Bloomberg) -- Vodafone Group Plc subsidiaries have raised about $1.8 billion in proceeds by selling shares in India’s Indus Towers Ltd.Most Read from BloombergWhat to Know About the Deadly Flesh-Eating Bacteria Spreading in JapanNvidia’s 591,078% Rally to Most Valuable Stock Came in Waves‘I Live in Hell’: Anti-Growth Fervor Grips US South After Pandemic BoomCar Dealerships Across US Halt Services After CyberattackNvidia Becomes World’s Most Valuable Company as AI Rally Steams AheadThe companies
MUMBAI (Reuters) -Vodafone Group has sold a bigger-than-planned 18% stake in India's Indus Towers, raising $1.82 billion that will serve to reduce its debt, the British telecom group said on Wednesday. Bharti Airtel, India's no. 2 telecom company, said it bought about 1% of Indus shares in the transaction, bringing its stake in the mobile tower operator to around 49%. Vodafone, which owned 21.5% of Indus prior to the sale, had initially planned to sell a 10% stake but strong investor demand made it nearly double the sale size, according to a banking source familiar with the matter who requested anonymity because the person was not authorised to speak to the media.