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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.34 | -0.49% | 69.00 | 68.86 | 68.88 | 70.04 | 68.36 | 69.34 | 64,206,248 | 16:35:21 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Radiotelephone Communication | 45.71B | 11.84B | 0.4372 | 1.58 | 18.65B |
From Apr 2019 to Apr 2024
By Adria Calatayud
Vodafone Group PLC said Wednesday that it intends to list its European telecommunications-infrastructure unit, Vantage Towers, on the Frankfurt Stock Exchange by the end of March.
The U.K. telecommunications group said the offering will consist solely of a secondary sell-down of existing shares held by the parent, and that the planned IPO seeks to target a meaningful minority free float.
Vodafone said the timing of the IPO is subject to market conditions.
"We will be looking to capture the exciting value-creating opportunities the sector has to offer and to build on our position as a leading tower infrastructure company in Europe," Vantage Towers Chief Executive Vivek Badrinath said.
Vantage Towers has a portfolio of around 82,000 tower sites across 10 European countries.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
February 24, 2021 02:31 ET (07:31 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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