U.S.-listed Liberty Global disclosed a near-5% stake in British telecom group Vodafone on Monday, saying its larger rival's shares were undervalued by the market but ruling out a takeover.
Liberty Global owns half of Virgin Media O2, a major Vodafone rival in its home market, and has operations in Belgium, Switzerland, Ireland and Slovakia.
Shares in Vodafone, which operates in 24 countries, closed 2.1% higher at 94 pence on Monday, giving the company a market capitalisation of 25.50 billion pounds , Refinitiv data showed.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Vodafone stock surges after Liberty Media discloses 4.9% stakeThe U.S.-listed shares of Vodafone Group PLC climbed 2.4% in midday trading Monday, after media company Liberty Global PLC said it has acquired a 4.9% stake...
Read more »
Dublin Coffman, Olentangy Liberty boys wrestling teams finish in top five at state dualsThe Dublin Coffman and Olentangy Liberty boys wrestling teams each placed in the top five in the Division I state dual tournament Saturday.
Read more »
Afraid of liberty? Academic institutions restrict free speechDoes the expression “land of the free, home of the brave” still describe America?
Read more »
BBC Chair Made “Significant Errors of Judgment” and “Omissions,” British Parliamentary Committee FindsThe Digital, Culture, Media and Sport Committee of the House of Commons published its conclusions after questioning Richard Sharp about a newspaper article that said he had been involved in arranging a guarantor for a loan for ex-Prime Minister Boris Johnson before his BBC appointment.
Read more »
Warhammer 40K Goes Way South as Two British Navy Officers Play Game on Antarctic IceIn what may be a first, two Royal Navy lieutenants waged war of a miniature variety in the ice and [...]
Read more »