TELCO EXIT
UAE’s e& sells its Vodafone stake for $6 billion to France’s Niel
Vodafone has been shrinking its portfolio, selling businesses in Spain and Italy, while merging with Three UK to create No. 1 British mobile operator
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Sign on a Vodafone mobile phone shop
Add The Circuit on GoogleUAE telecom giant e& is cashing out of Vodafone, selling its entire 16.2% stake for about $5.9 billion to French telecom billionaire Xavier Niel’s investment vehicle Vega.
The sale gives e&, which is majority-owned by the Emirates Investment...
