PRESS: Vodafone Close To CityFibre Investment Partnership

(Alliance News) - Vodafone Group PLC is nearing a deal that will see a "huge" investment in ...

Alliance News 23 December, 2019 | 9:16AM
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(Alliance News) - Vodafone Group PLC is nearing a deal that will see a "huge" investment in full-fibre lines, the Financial Times reported Sunday.

The agreement, with Goldman Sachs-backed CityFibre, would put the investment back on the agenda after it was shelved amid fears of a Labour victory in the UK general election.

Labour had promised to nationalise a number of sectors, including telecommunications.

https://www.ft.com/content/12ac05fc-231c-11ea-b8a1-584213ee7b2b

Vodafone shares were 1.2% lower in London on Monday morning at 148.95 pence each.

By George Collard; georgecollard@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Vodafone Group PLC 110.30 GBX 0.64

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