About: http://data.cimple.eu/news-article/c24473b70f7e09bb4bbcb3896b72300b886a2f2b425dd3230d035a11     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

AttributesValues
rdf:type
schema:articleBody
  • The phone masts unit of British telecoms giant Vodafone made its debut on the Frankfurt Stock Exchange on Thursday, in a flotation that values the business at around 12 billion euros ($14.3 billion). Shortly after the opening bell, shares in the new entity began trading at 24.80 euros, above the flotation price of 24 euros. Vodafone raised 2.3 billion euros in Europe's largest initial public offering of the year so far. It comes amid increasing demand for mobile telecommunications connectivity across Europe, driven by data growth, 5G rollout and regulatory coverage obligations. Mobile phone giants are also floating or selling off their tower businesses in order to slash debt. Duesseldorf-headquartered Vantage Towers, which was spun off from Vodafone in 2020, has a portfolio that includes 82,000 macro sites -- towers, masts and rooftops -- across 10 European countries. Vodafone plans to use the proceeds of the listing to reduce its debt pile, estimated at around 44 billion euros by Interactive Investor analyst Richard Hunter. Digital Colony, a digital infrastructure investor and operator based in the US, agreed to be a cornerstone investor in the IPO, alongside RRJ, a global equity fund based in Singapore, with commitments of 500 million euros and 450 million euros, respectively. Earlier this year, heavily-indebted Telefonica agreed to sell its telephone masts in Europe and Latin America to US-based telecom infrastructure firm American Towers for 7.7 billion euros. The Spanish group said it would use the proceeds to cut debt by 4.6 billion euros. bur-jpl-mfp/hmn/dlc/bmm
schema:headline
  • Shares in Vodafone phone mast unit higher on debut
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
http://data.cimple...tology#hasEmotion
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software