LONDON (Reuters) -Vodafone will sell its Spanish business to Zegona Communications for 5 billion euros ($5.30 billion) in the second major deal by its new CEO to revamp a company struggling with little growth in mature markets. Vodafone Chief Executive Margherita Della Valle, who has vowed to reshape the UK telecoms group to make it more profitable, said the sale would enable it to focus its resources in markets with "sustainable structures and sufficient local scale". Vodafone said it would receive at least 4.1 billion euros in cash.
(Bloomberg) Vodafone Group Plc agreed to sell its Spanish business to Zegona Communications Plc in a deal valued at as much as €5 billion ($5.3 billion) including debt. Most Read from BloombergSaudi Forces on Alert After Clash With Iran-Backed HouthisInnovent, Lilly Obesity Drug Spurs More Weight Loss in TrialIsrael Latest: Netanyahu Vows to Stay On; Targets Hit in LebanonSony’s Bungie Game Unit Cuts Staff Following Delayed TitlesApple Unveils New Laptops, iMac and Trio of More Powerful Chips
(Bloomberg) Vodafone Group Plc is close to selling a stake of at least 50% in its Spanish business to Zegona Communications Plc in a deal that values the asset at more than €5 billion ($5.3 billion), according to people familiar with the matter.Most Read from BloombergIsrael Latest: Biden, Netanyahu Plan to Talk Within HoursIsrael Deepens a War With Hamas That Has No End in SightHow This Israel-Hamas Conflict Is Like Nothing That’s Happened BeforeUkraine Recap: Russian Su-25 Fighter Jet Said
(Bloomberg) Vodafone Group Plc is close to selling a stake of at least 50% in its Spanish business to Zegona Communications Plc in a deal that values the asset at more than €5 billion ($5.3 billion), according to people familiar with the matter.Most Read from BloombergIsrael Enters ‘New Stage’ of War With Gaza Ground FightingCanada Plans College Crackdown Amid Foreign Student TroublesEverything Apple Plans to Launch at Oct. 30 ‘Scary Fast’ Mac EventIsrael Latest: Iranian Minister Warns US Ove