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Vantage Towers springs no surprises in FY21
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Vodafone, Vantage Towers Set Final Offer Price For Vantage Towers IPO
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Top UK Stocks to Watch: 888 shares soar after dividend hike
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Vantage Towers AG: IPO Price Range
Düsseldorf (pta006/09.03.2021/07:00) -
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9 March 2021
Vodafone and Vantage Towers set price range for planned IPO of Vantage Towers at €22.50 to €29.00 per share
Digital Colony and RRJ have agreed to buy €950 million of shares at the offer price Price range implies a total market capitalisation for Vantage Towers of €11.4 billion to €14.7 billion Base offer size of €2.0 billion Flexibility to upsize final offering by up to 40% of the base offer size, to €2.8 billion, through the exercise
British mobile phone giant Vodafone on Tuesday announced the price range for the upcoming German stock market flotation of its towers business, valuing the unit at up to €14.7 billion.
The float of up to one-quarter of Vantage Towers comes amid increasing demand for mobile telecommunications connectivity across Europe, driven by data growth, 5G roll-out and regulatory coverage obligations.
Increasing demand for mobile telecommunications connectivity across Europe, driven by data growth, 5G roll-out and regulatory coverage obligations
Mobile phone giants are also floating or selling off their tower businesses in order to slash debt.
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German-headquartered Vantage Tower will have its first day of trading on the Frankfurt stock market on or around March 18, with a price-per-share range of between €22.50 and €29, Vodafone said in a statement.