e& Will increase Stake to 14% In Vodafone Group


e& Increases Stake to 14% In Vodafone Group

Emirates Telecommunications Group Firm (e& previously Etisalat Group) has elevated its stake in Vodafone Group to 14%. e&’s rationale for the funding was the identical as when it paid USD 4.4 billion for a 9.8 per cent holding in Might 2022. On Tuesday, Vodafone Group’s Main Shareholder Notification confirmed Emirates Group’s 14% holding stake. In a press release to the London Inventory Change, Vodafone stated Etisalat’s stake had handed 14 p.c, up from 13 p.c.

Additionally Learn: e& Will increase Stake in Vodafone Group to 13%

Earlier this month, Liberty World introduced that it acquired 1,355 million shares in UK-based telecoms large Vodafone Group, representing 4.92% of the excellent share capital. Liberty Group thought-about the funding as opportunistic with a sexy valuation.

Additionally Learn: 4iG Efficiently Completes Vodafone Hungary Takeover

In latest months Vodafone has offered its Hungarian enterprise for euros 1.7 billion to a state-controlled operation and its operation in Ghana for USD 900 million to Telecel. In September 2022, French telecom tycoon Xavier Niel acquired a 2.5% stake in Vodafone.

Additionally Learn: Liberty World Acquires 4.9% Stake in Vodafone Group

On February 21, 2023, Vodafone Group introduced the completion of the sale of its 70% shareholding in Vodafone Ghana to Telecel Group.

The sale of Vodafone Ghana to Telecel Group is an extra step towards simplifying Vodafone’s African portfolio. Vodafone first entered the market in 2008. The transaction has obtained regulatory approval and settlement from the Authorities of Ghana, which can retain its 30% minority sharing in GTCL, in keeping with Vodafone’s assertion. World legislation agency Norton Rose Fulbright has suggested Vodafone on the sale of its 70% shareholding in Ghana Telecommunications Firm Restricted.