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UK: Vodafone investors want £120 billion Liberty deal

By  |  May 24, 2015

Vodafone is this weekend being urged by its biggest shareholders to sell off its far-flung networks and embrace a £120bn merger of its European business with Liberty Global, the cable company behind Virgin Media and controlled by the US billionaire John Malone.

Some of Britain’s biggest investors, with stakes in Vodafone worth billions of pounds, have told The Sunday Telegraph they would support a plan to offload networks in countries such as India, Turkey and South Africa to make a deal with Mr Malone possible.

Two major Vodafone shareholders said they were backing the idea, and it is understood to be under active debate among several more of the company’s biggest investors, putting the board under growing pressure to respond.

 

Full content: The Financial Times

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