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Article: Vodafone may buy out shares in three units.
- Article from:
- Australasian Business Intelligence
- Article date:
- January 15, 2003
CopyrightCOPYRIGHT 2003 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Jan 15, 2003 (The Asian Wall Street Journal - ABIX via COMTEX)
Vodafone Group will increase its stake in its own European subsidiaries. The company will spend EUR2 billion ($US2.12 billion) to buy shares in its subsidiaries - Europolitan Vodafone of Sweden, Vodafone Libertel of the Netherlands and Vodafone Telecel Comunicacoes Pessoais of Portugal. Vodafone has not been seriously affected by the crisis in the telecommunications sector because it avoided borrowing to finance expansion. Instead, it raised capital by issuing new shares. The company is now in a comfortable ...