Vodafone Idea’s Rs18,000-crore follow-on public offer (FPO) of equity shares managed to attract subscription for as many as 6.349 billion shares, against the 1.260 billion shares on offer, as the FPO
Vodafone Germany aims to save around 400 million euros ($434.48 million) over the next two years as part of a restructuring that will hit some 2,000 jobs, the company said on Tuesday.
The potential deal being discussed would see Vodafone take a minority stake in the combined entity, which would take its debt off Vodafone s balance sheet, said the people, who declined to be named because talks are not public and are ongoing.
The blue-chip FTSE 100 dipped 0.2% by 0814 GMT, with Vodafone slipping 2.2% after French telecom operator Iliad said its British peer had rejected its revised proposal to merge their Italian businesses.