Vodafone Group sold another 10% stake worth €1.3 billion in Vantage Towers, as the UK-based telecommunications firm seeks to reduce its debt.
Under the deal’s terms, Vodafone shifted its 81.7% holding in Vantage Towers into a joint venture with KKR and GIP, called Oak Holdings, and has been selling it down ever since. The sale means Vodafone now owns 50% of Oak Holdings, as originally envisioned by the consortium, the company said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: