Leeds STV
Image default

Vodafone expects four billion euro as the result of Vantage IPO

The British Telecom Group Vodafone Group wants to raise some EUR 4 billion with the IPO of its European broadcasting towers division. Sources reported that to Bloomberg News Agency.

In July Vodafone already announced that Vantage wanted to take to the Frankfurt Stock Exchange at the beginning of next year, but now financial details about the stock exchange are also coming out. It is said to have a value of EUR 20 billion including debt. There are still discussions at Vodafone about the exact size and timing of the IPO, according to the initiates. Institutional investors would have already shown a great deal of interest in Vantage shares.

Some 68,000 cell towers are now under Vantage, divided between Germany, Spain, Greece, Portugal, the Czech Republic, Romania, Hungary, Ireland and Italy.


Mary Johnson

Mary Johnson is a native of Leeds, journalist and PhD candidate at the University of Glasgow. She is mainly interested in foreign affairs, geopolitics and investigative journalism.

Related posts

Why does bear have a short tail?

Mary Johnson

Sergey Tokarev and KSE open a university for IT specialists in Ukraine

Mary Johnson

Indian strain B.1.617: what is known about the virus

Mary Johnson

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

This site uses Akismet to reduce spam. Learn how your comment data is processed.