IN BRIEF: Vodafone Group completes sale of Hungary division

Vodafone Group PLC - Berkshire, England-based telecommunications company - Completes sale of ...

Alliance News 31 January, 2023 | 2:14PM
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Vodafone Group PLC - Berkshire, England-based telecommunications company - Completes sale of Vodafone Hungary to 4iG Public Ltd Company and Corvinus Zrt for a cash consideration of HUF660 billion, or EUR1.7 billion. Vodafone Hungary is a wholly-owned indirect subsidiary of Vodafone Group, while 4iG is the leading telecommunications and IT group in Hungary. Proceeds from the sale are intended to be used for deleveraging.

Current stock price: 93.50 pence, down 0.1%

12 month change: down 28%

By Holly Beveridge; Alliance News reporter

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Security Name Price Change (%) Morningstar
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Vodafone Group PLC 77.32 GBX 0.18

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