VOD Jan 2026 3.000 call
- Bloomberg
Vodafone Raises $1.8 Billion in Indus Towers Stake Sale
(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
- Reuters
UK's Vodafone sells $1.8 billion stake in India's Indus Towers; Airtel boosts stake
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.
- 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.
