Vodafone targets Frankfurt listing for mast unit in early 2021
[LONDON] Vodafone, the world's second biggest mobile operator, said on Friday it would list its towers unit, named Vantage Towers, in Frankfurt in early 2021.
It announced it would set up a European mast company worth upwards of 18 billion euros (S$28.9 billion) a year ago. The company, which has more than 68,000 mobile towers across nine European markets, became operational in May.
Vodafone also reported a 1.3 per cent decline in first-quarter organic service revenue, which it said was mainly due to Covid-19 impacts. It reiterated its guidance for the year.
REUTERS
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
'Harvesting data': Latin American AI startups transform farming
After long peace, Big Tech faces US antitrust reckoning
Tech’s cash crunch sees creditors turn ‘violent’ with one another
Tech millionaires chase billionaire tax shields with ‘swap fund’
Elon Musk’s Starlink profits are more elusive than investors think
Hollywood animation, VFX unions fight AI job cut threat