Vodafone to sell shares in its mobile masts next year

The mast, now called Vantage Towers, producers earnings before interest, tax depreciation and amortisation of €680m

Vodafone will list its mobile mast next year as company boss tries to squeeze the most of the company assets.

Vodafone is looking beyond the prospect of an extended hit to roaming charges from the virus and will list its mobile masts next year, as chief executive Nick Read works to squeeze more out of company assets.

The company said the initial public offering for the tower unit is on track for early 2021 in Frankfurt, assuaging investors concerned that the pandemic would derail this plank in Mr Read’s strategy. Vodafone also said it was merging its towers in Greece with Wind Hellas. “Big picture, everything looks to be on track,” said James Ratzer, an analyst at New Street Research.