Reuters, official Vodafone press releases

Vodafone to Sell $2.3 Billion Stake in Indus Towers Next Week

Jun 14, 2024, 09:58 AM

Vodafone Group is planning to sell its entire $2.3 billion stake in India's Indus Towers next week, sources say. The sale will be conducted through block deals, and Vodafone has hired Bank of America, Morgan Stanley, and BNP Paribas to facilitate the transaction. This move is part of the British firm's effort to repay debt, Reuters reports.