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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.62 | 0.91% | 68.44 | 68.40 | 68.44 | 68.74 | 67.82 | 67.96 | 88,262,864 | 16:29:56 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Radiotelephone Communication | 45.71B | 11.84B | 0.4372 | 1.57 | 18.53B |
From May 2019 to May 2024
By Adriano Marchese
Vodafone Group PLC said Wednesday that it intends to sell a portion of its stake in Infrastrutture Wireless Italiane SpA.
The telecom company said that the intended sale is jointly with Telecom Italia SpA, through its wholly owned subsidiary Vodafone Europe BV, and that Vodafone intends to use the proceeds to reduce leverage.
The sale would be for around 80 million existing shares, corresponding to 8% of the outstanding share capital of the company.
The company noted that TIM and Vodafone currently hold a 37.5% stake each in INWIT and, following the completion of the sale, will continue to retain joint control and to hold an equal stake in the share capital of the company.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
April 22, 2020 12:26 ET (16:26 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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