Vodafone stake snatched up by Liberty Global
Liberty Global has bought almost 5% of Vodafone, anticipating it will return to fortune this year
Company
LON:VOD
Vodafone Group PLC is a mobile telecommunications company, with a significant presence in Europe, the Middle East, Africa, Asia Pacific and the United States.
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Liberty Global has bought almost 5% of Vodafone, anticipating it will return to fortune this year
"While some investors might prefer a break-up, continuity is far from unappealing"
Shares in the telco hit a five-year low last month
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VOD is a big-ticket income stock with a big risk factor
The FTSE 100-listed telco forecast full-year adjusted EBITDA at the low end of guidance between €15.0bn-€15.2bn
Jefferies said Vodafone "faces intractable headwind" as it lowered its forecasts for the telecom company
Vodafone itself seems focused on selling bits off to get its debt down
JP Morgan analysts say the deal is negative for the telco's investors.
A consortium led by KKR and GIP will buy up to half of Vodafone's 81.7% stake in Vantage and the joint venture will offer to buy out the minority shareholders at a price of €32 per share.
The analysts noted that, though under pressure to execute on the many options Vodafone has in place to crystalise value and improve its balance sheet, market conditions may be favourable mid-term
Nick Read, Vodafone chief executive, commented: "This significant infrastructure investment supports the country's social, economic and digital development and the broadband ambitions of the German government as part of Europe's Digital Dec