Vodafone dumping China Mobile holding, report says
SYDNEY (MarketWatch) — Vodafone Group is reportedly selling its 3.2% stake in China Mobile Ltd. for 4.3 billion pounds ($6.58 billion). The wireless giant will sell the 642.9 million shares it has held since 2000 in a public offering, The Wall Street Journal reported. Vodafone Group will return around 70% of the sale proceeds to shareholders and use the remainder to pay down debt, according to …
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