Boost for Vodafone shareholders
An announcement that the company is in talks to sell its stake in US network Verizon Wireless pushed the shares up as much as 9.6% at one point to their highest price since 2002, adding over €9.8bn to the market value of the world’s second-largest wireless company.
Thousands of Irish people who held onto their Eircom shares have a stake in Vodafone. In 2001, Eircom sold its mobile arm Eircell mobile for €4.2bn to Vodafone, and around half a million Eircom shareholders received shares in the deal.
