Vodafone nets £1.8bn from phone stake

Mobile phone giant Vodafone said today it had agreed to sell its 25% stake in Switzerland’s leading operator Swisscom Mobile for £1.8bn (€2.7bn).

Vodafone nets £1.8bn from phone stake
Tue, 19 Dec, 2006 - 14:38

Mobile phone giant Vodafone said today it had agreed to sell its 25% stake in Switzerland’s leading operator Swisscom Mobile for £1.8bn (€2.7bn).

The Newbury-based company said the sale would not “materially affect” its mobile revenues outlook for the year, while the proceeds will be used to reduce debts.

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