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VOD Vodafone Group Plc

69.58
-0.04 (-0.06%)
Last Updated: 13:03:57
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vodafone Group Plc LSE:VOD London Ordinary Share GB00BH4HKS39 ORD USD0.20 20/21
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.04 -0.06% 69.58 69.56 69.60 70.06 68.88 69.68 15,314,876 13:03:57
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Radiotelephone Communication 45.71B 11.84B 0.4372 1.60 18.93B

RCom Lenders on Spot as Suitors Offer Pennies -- Market Talk

22/11/2017 8:01am

Dow Jones News


Vodafone (LSE:VOD)
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0731 GMT - Competition to acquire Indian telecom Reliance seems to be heating up with many industry players including Bharti Airtel, Reliance Jio and Vodafone evincing interest in the debt-laden company. But they're only offering to pay $1.8 billion on the $7 billion of debt Reliance owes lenders. Final bids are due next month, and they may climb from the initial approaches. But that could still leave lenders getting less than half of what they're owed. Reliance Communications is also facing an insolvency petition from Ericsson, which comes up for an Indian court hearing tomorrow. Investors holding RCom's $300 million of bonds are also mulling legal action against the company after it missed an interest payment recently. (manju.dalal@wsj.com)

(END) Dow Jones Newswires

November 22, 2017 02:46 ET (07:46 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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