Vodafone to sell €4.9m China Mobile shares

Mobile phone giant Vodafone is planning to sell its shares in China Mobile - the world’s biggest mobile-phone operator – for more than €4.9bn, it was reported today.

Investors expect the deal to be approved next month, ahead of Vodafone’s strategy update in November, and the plan has already been given the go-ahead by the company chief executive, Vittorio Colao, the Sunday Times said.