Trending: Vodafone Group Shares Look Under Valued Due to Consolidation, Infrastructure Opportunities

1250 GMT - Vodafone Group PLC is one of the most mentioned topics across news items over the past six hours, according to Factiva data, after Liberty Global bought a 4.92% stake in the U.K.-based telecommunications company worth around 1.25 billion pounds ($1.52 billion). Liberty said the stake was part of its investment portfolio and that it wasn't considering an offer for Vodafone or a seat at its board. "We believe, like many others, that Vodafone's current share price does not reflect the underlying long-term value of their operating businesses, or their announced consolidation and infrastructure opportunities," Liberty's Chief Executive Mike Fries said. The move is Liberty getting its foot in the door should any new deals start to emerge, AJ Bell investment director Russ Mould said in a note, adding that it probably has a few ideas up its sleeve and can exert more influence by being a shareholder. Vodafone shares are up 4.5% at 98.23 pence although down 28% over the past 12 months. Dow Jones & Co. owns Factiva. ([e-mail])

(END) Dow Jones Newswires

February 14, 2023 08:06 ET (13:06 GMT)

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