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Vodafone Sells Further 10% Stake In Vantage Towers; Proceeds To Reduce Leverage by 0.1x

COMMUNICATIONS

Rating: Baa2/BBB/BBB

  • •Vodafone has announced the sale of an additional 10% of Vantage Towers for €1.3bn.
  • •Sale aligns with 50:50 joint ownership structure with Global Infrastructure Partners and KKR.
  • •Sale proceeds to reduce Net Debt/Adjusted EBITDAaL by 0.1x. Total proceeds from Vantage Towers sales now €6.6bn.

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