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Vodafone shares jump as French telecoms tycoon becomes top shareholder
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NEWSDECK ANALYSIS
Xavier Niel is a well-known figure in the European telecoms industry, having founded French telecoms company Iliad, which operates under the Free brand. His investment vehicle, Vega, has now taken a significant stake in Vodafone, which is one of the UK's largest telecoms companies. The acquisition of a major stake in Vodafone by a single investor can potentially influence the company's strategic direction and decision-making.
This story is currently only covered by one source from a single part of the political spectrum. NewsDeck will update this page automatically if other outlets pick up the story.
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City AM
Vodafone shares jump as French telecoms tycoon becomes top shareholder
Vodafone shares surged almost 11 per cent on Friday after French telecoms billionaire Xavier Niel bought a £4.4bn stake in the FTSE 100 group from UAE-backed e& and became its largest shareholder. The deal will see Niel’s investment vehicle, Vega, acquire e&‘s entire 16.2 per cent stake for 112.5p a share – a 15 per [...]
10 Jul, 09:58
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