Vodafone: sells 51% stake in Qatar joint venture
(CercleFinance.com) - Vodafone is to sell its 51% stake in the joint venture company that controls Vodafone Qatar, based on an enterprise value of 1.
45 billion euros, the British telecom group said on Monday.
A private, non-profit making organisation, Qatar Foundation will acquire Vodafone's stake for a total cash consideration of 301 million dollars, the company said.
The Vodafone brand will remain in Qatar through a five-year agreement, which also covers the business and assets of Vodafone Group.
Vodafone Qatar has around 1.4 million customers.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
45 billion euros, the British telecom group said on Monday.
A private, non-profit making organisation, Qatar Foundation will acquire Vodafone's stake for a total cash consideration of 301 million dollars, the company said.
The Vodafone brand will remain in Qatar through a five-year agreement, which also covers the business and assets of Vodafone Group.
Vodafone Qatar has around 1.4 million customers.
Copyright (c) 2018 CercleFinance.com. All rights reserved.