Vodafone Gets Bids from Infrastructure Funds for Majority Stake in Vantage Towers, Reuters Reports
March 18 2022 - 05:23AM
Dow Jones News
--Infrastructure funds have approached Vodafone Group PLC with
the aim of investing in its Vantage Towers AG telecommunications
company, Reuters reports, citing unnamed sources.
--Global Infrastructure Partners LLC and Brookfield Asset
Management Inc. are among the bidders, which have submitted
unsolicited proposals for a majority stake in Vantage Towers,
valuing it at a premium to its current valuation of 15 billion
euros ($16.64 billion), Reuters says.
--Vodafone is evaluating the proposal but hasn't taken a
decision yet, according to Reuters.
Full story: https://reut.rs/3Ji2Lam
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
March 18, 2022 05:08 ET (09:08 GMT)
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