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VOD Vodafone Group Plc

69.08
0.08 (0.12%)
26 Apr 2024 - Closed
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
  0.08 0.12% 69.08 69.28 69.32 70.00 69.14 69.30 55,110,493 16:35:07
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Radiotelephone Communication 45.71B 11.84B 0.4372 1.58 18.76B

Vodafone Group Sells Majority Stake in Qatar JV for EUR301 Million

26/02/2018 1:42pm

Dow Jones News


Vodafone (LSE:VOD)
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By Dimitrios Kontos 
 

Vodafone Group PLC (VOD.LN) said Monday that it will sell its 51% stake in the joint venture that controls Vodafone Qatar to the Qatar Foundation for approximately 301 million euros ($370 million).

The telecommunications company said the deal values Vodafone Qatar at an enterprise value of about EUR1.45 billion.

The joint venture between Vodafone Group and the Qatar Foundation owns 45% of Vodafone Qatar P.Q.S.C.

Vodafone Group will receive EUR279 million upon completion of the sale, which is expected in the next three months, and the remaining EUR22 million a year after completion, it said.

Vodafone Qatar will continue to use the Vodafone brand, the company said.

 

Write to Dimitrios Kontos at dimitrios.kontos@dowjones.com

 

(END) Dow Jones Newswires

February 26, 2018 08:27 ET (13:27 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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