VOD Jan 2026 3.000 call
- 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
- Reuters
Exclusive-Vodafone plans to sell $2.3 billion stake in India's Indus Towers, sources say
MUMBAI (Reuters) -Vodafone Group is looking to sell its entire $2.3 billion stake in India's Indus Towers through stock market block deals next week, two sources with direct knowledge said, as part of the British firm's effort to repay debt. Vodafone owns 21.5% of mobile-tower operator Indus via various group entities. The final size of the stake sale is yet to be decided and could be lower than 21.5% if demand, which is still being assessed, is insufficient, said the sources, who declined to be named as the discussions were private.
- The Telegraph
Why foreign billionaires are circling British telecoms
When news of Carlos Slim’s £400m investment in BT reached bosses at the telecoms company, it was welcomed with cautious optimism. “I think it’s probably a net positive,” says one insider.
