The world’s leading mobile telecommunications company, Vodafone Group traded 25% of its stake to Belgium’s prevailing telecom 
group, Belgacom for $2.55 billion in Proximus. The company found the deal lucrative enough to utilise the sale proceeds in order to lighten its debt burden. The deal will make Belgacom the sole controller of the company’s operations. Earlier this year, Vodafone had also sold part of its besieged Japanese business for $11.36 billion. The company is, however, suppressing demands from its investors to sell-off its stake in Verizon Wireless. The group serves about 186.8 million customers at present.
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Source:- IIPM Editorial
Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative
group, Belgacom for $2.55 billion in Proximus. The company found the deal lucrative enough to utilise the sale proceeds in order to lighten its debt burden. The deal will make Belgacom the sole controller of the company’s operations. Earlier this year, Vodafone had also sold part of its besieged Japanese business for $11.36 billion. The company is, however, suppressing demands from its investors to sell-off its stake in Verizon Wireless. The group serves about 186.8 million customers at present.For complete IIPM article click here
Source:- IIPM Editorial
Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative
