vodafone Closed entrance to KKR and GIP in the capital of Vantage Towersthe telecommunications tower subsidiary, for a final price that could reach £6,600m (about EUR7,460m in exchange rates).
Special, Vodafone will share 50% stake in Oak Holdings with two financial partners, The company, which currently controls 89.3% of Vantage Towers, made a proposal to delist the subsidiary for 32 euros per share.
Currently Vodafone controls 64% of the consortium and Received the first payment of 4.9 billion euros. Once their partners have finished providing the necessary financing, they will be able to receive the remainder until they reach 50% with the maximum maturity set on 30 June.
on his behalfe, Vantage will amortize 2,200 million euros in outstanding bonds, as the company announced on the market on Thursday.
has a subsidiary Spread across 83,000 locations Europe, which makes it one of the largest companies in the industry. This portfolio of assets includes 8,400 macro locations in Spain.
MoreoverThe company also has a 50% stake in Cornerstone.A UK telecommunications tower company that Telefónica and Liberty Global share with Virgin Media O2, its subsidiary in the country.