Vodafone pockets $6.5bn in China Mobile sale

Friday, September 10, 2010

Vodafone has pocketed $6.5bn (4.2bn) in cash following the sale of its 3.2 percent stake in China's biggest wireless operator, China Mobile.

It is the biggest such sale by the UK-based phone company of its non-strategic investments.The buyers of the stake, of which there may be several, have not been identified.

The 643m shares, listed on the Hong Kong stock exchange, were offered at a 3.4 percent discount to the market price.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

(L-R). Kagiso Molatlhwa. Olebile Machete and Morena Monganja addressing the media on constitutional amendment PIC: KENNEDY RAMOKONE

Civil Society fights 'flawed' constitutional amendment

Innocent Selatlhwa | 2d ago

Civil Society calls for Constitution review governing Act

Innocent Selatlhwa | 2d ago

IEC rejects 2,513 registrations

Innocent Selatlhwa | 2d ago

Motshegwa prevails against detractors

Goitsemodimo Kaelo | 2d ago

Serowe woman ingests acid, attempts suicide

Pini Bothoko | 2d ago

Serowe man 'loses' P1m in trading

Pini Bothoko | 2d ago

MultiChoice appoints Johnson Otlaadisa to the role of Production Supervisor for Mzansi Bioskop Local Film Project

Staff Writer | 2d ago

Grieving individuals urged to seek support

Boikanyo Mathonsi | 2d ago

Inspect the voters' roll!

The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...

The Monitor Editor | 23 April 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

Vodafone pockets $6.5bn in China Mobile sale

Vodafone has pocketed $6.5bn (4.2bn) in cash following the sale of its 3.2 percent stake in China's biggest wireless operator, China Mobile.