Vodafone sells Spain unit for up to 5.0 bn euros

The sale of its Spanish unit is the second major move by Vodafone’s new chief executive to boost profitability.

British mobile phone giant Vodafone announced Tuesday the sale of its Spanish division to investment fund Zegona for up to 5.0 billion euros ($5.3 billion), as part of an ongoing overhaul.

“The sale of Vodafone Spain is a key step in right-sizing our…

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News Source: techxplore.com


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