UAE’s Etisalat acquires 9.8% stake in Vodafone for $4.4 Billion
Sat, May 14, 2022 5:03 PM

UAE’s Etisalat acquires 9.8% stake in Vodafone for $4.4 Billion

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In a bid to expand globally Etisalat Group purchased a 9.8% stake in Vodafone Group Plc for $4.4 billion. The Middle Eastern telecommunications provider offered about 130 pence ($1.59 dollars) a share. That’s a premium of about 10% to Vodafone’s 117.82 pence closing price Friday. With this Etisalat became Vodafone’s largest shareholder.

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