French telecoms tycoon Niel buys 2.5% stake in Vodafone

FAN Editor

LONDON (Reuters) – French billionaire telecoms executive Xavier Niel, the founder and majority owner of Iliad, has bought a 2.5% stake in Britain’s Vodafone through an investment vehicle.

The vehicle – Atlas Investissement – said Vodafone was an “attractive investment opportunity, as per the quality of its assets portfolio and the solid underlying trends in the global telecommunications sector”.

It said it was supportive of Vodafone’s publicly-stated intention to pursue consolidation opportunities, as well as its efforts in infrastructure separation.

(Reporting by Paul Sandle; editing by James Davey)

tagreuters.com2022binary_LYNXMPEI8K07P-BASEIMAGE

Free America Network Articles

Leave a Reply

Next Post

Russia's Putin announces partial military mobilization

Russian President Vladimir Putin speaks during a meeting on the military-industrial complex at the Kremlin, September 20, 2022, in Moscow, Russia. Contributor | Getty Images News | Getty Images Russian President Vladimir Putin on Wednesday announced a partial military mobilization in Russia, putting the country’s people and economy on a […]