Emirates Telecommunication Increases Vodafone Stake to Around 14%
28 Februar 2023 - 02:18PM
Dow Jones News
By Kyle Morris
Emirates Telecommunications Group Co. PJSC said Tuesday that it
has increased its stake in Vodafone Group PLC to around 14% of the
issued share capital.
The company, formerly known as Etisalat Group, said it has
increased its stake in Vodafone to around 3.79 billion shares,
giving it further exposure to a leader in connectivity and digital
services.
The implied stake value is around 3.82 billion pounds ($4.61
billion), based on Monday's closing price of 100.72 pence.
Shares in Vodafone at 1247 GMT were up 0.74 pence, or 0.7%, at
101.46 pence.
Write to Kyle Morris at kyle.morris@dowjones.com
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(END) Dow Jones Newswires
February 28, 2023 08:03 ET (13:03 GMT)
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