Vodafone Japan sale a £6bn cheer for shareholders

Vodafone fuelled the euphoria in the London market today by promising £6bn (€8.65bn) of cash for shareholders following the sale of its Japanese arm.

Fri, 17 Mar, 2006 - 10:44

Vodafone fuelled the euphoria in the London market today by promising £6bn (€8.65bn) of cash for shareholders following the sale of its Japanese arm.

The mobile phone group sold its 97.68% stake in Vodafone Japan to internet company SoftBank after failing to make its mark in the competitive region.

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CourtsBusinessHeathrowPlace: LondonPlace: JapanPlace: USPerson: Arun SarinPerson: SarinOrganisation: Vodafone JapanOrganisation: VodafoneOrganisation: SoftBankOrganisation: Verizon WirelessOrganisation: Hilton Group
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