Vodafone says tower business could be worth €14.7b at float | Malay Mail

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LONDON, March 8 — British mobile phone giant Vodafone said today it had set the price range for the upcoming German stock market flotation of its towers business, valuing the unit at up to €14.7 billion (RM71.7 billion). The share sale comes amid increasing demand for mobile telecommunications...

A woman talks on her mobile phone as she walks past a Vodafone store in London September 2, 2013. — Reuters picLONDON, March 8 — British mobile phone giant Vodafone said today it had set the price range for the upcoming German stock market flotation of its towers business, valuing the unit at up to €14.7 billion .

Vantage Tower’s first day of trading on the Frankfurt stock market is expected to be on or around March 18, with a price-per-share range of between €22.5 and €29, Vodafone said in a statement. Digital Colony, a digital infrastructure investor and operator based in the US, has agreed to be a cornerstone investor in the IPO, alongside RRJ, a global equity fund based in Singapore, with commitments of €500 million and €450 million, respectively.

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