Vodafone’s knotty structure already bamboozles investors. Some of them want the UK mobile operator to simplify its sprawling empire. Vodafone’s proposed tie-up with rival Three UK runs counter to that aim.
British telecom group Vodafone has picked investment bank Evercore to sell a stake in its fixed network in Spain, newspaper Cinco Dias reported on Tuesday, citing unidentified market sources with knowledge of the process. The process was still at an "embryonic stage", Cinco Dias said, citing the sources. Cut-throat competition in the telecom industry is leaving Vodafone struggling to keep up just as the transition to a faster 5G mobile network requires heavy investment.
Vodafone is preparing the biggest test yet of takeover laws meant to protect national security with plans to merge its British operation - including its sensitive undersea cables - with a Chinese-owned rival.