Vodafone to Sell Up to 8% of Infrastrutture Wireless Italiane
22 Abril 2020 - 11:41AM
Noticias Dow Jones
By Adriano Marchese
Vodafone Group PLC said Wednesday that it intends to sell a
portion of its stake in Infrastrutture Wireless Italiane SpA.
The telecom company said that the intended sale is jointly with
Telecom Italia SpA, through its wholly owned subsidiary Vodafone
Europe BV, and that Vodafone intends to use the proceeds to reduce
leverage.
The sale would be for around 80 million existing shares,
corresponding to 8% of the outstanding share capital of the
company.
The company noted that TIM and Vodafone currently hold a 37.5%
stake each in INWIT and, following the completion of the sale, will
continue to retain joint control and to hold an equal stake in the
share capital of the company.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
April 22, 2020 12:26 ET (16:26 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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