UAE telecommunications company e&, formerly Etisalat, has upped its stake in London-listed Vodafone Group again.
28 February 2023 12:53:33
Source: Sharecast
E& lifted its stake in the company to 14% from 13% earlier this month.
Abu Dhabi-listed e&, which first bought a stake of 9.8% in Vodafone last May, now owns 3.79 billion shares.
It said in a filing that it completed the purchase on Monday.
"The investment rationale remains unchanged from our initial announcement on the 14th of May 2022," e& said.
It had said in May that it made the purchase "to gain significant exposure to a world leader in connectivity and digital service at an attractive valuation".
French telecoms billionaire Xavier Niel bought a 2.5% stake in Vodafone in September 2022, and Liberty Global purchased a 4.9% stake earlier this month.
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