Vodafone shares lifted by SFR sale

Vodafone shares were boosted today after the telecoms giant unveiled the €7.94bn sale of its 44% stake in SFR, France’s second largest mobile phone company.

Vodafone shares lifted by SFR sale

Vodafone shares were boosted today after the telecoms giant unveiled the €7.94bn sale of its 44% stake in SFR, France’s second largest mobile phone company.

The UK business, which is on a drive to slim down its portfolio of overseas assets, will return €4.5bn of the proceeds to shareholders following the sale agreement with media giant Vivendi.

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