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Vodafone Subsidiary Sells Vodafone Fiji Stake In GBP51 Million Cash Deal

Tue, 01st Jul 2014 06:53

LONDON (Alliance News) - Vodafone Group PLC said Tuesday its subsidiary Vodafone International Holdings BV has sold its entire shareholding in Vodafone Fiji Ltd for a cash consideration of GBP51 million.

The subsidiary has sold its 49% stake in the company to the Fiji National Provident Fund.

Vodafone said it expects to continue to have a presence in Fiji through a Partner Market agreement, following the deal.

Shares in Vodafone last traded at 195 pence per share.

By Alice Attwood; aliceattwood@alliancenews.com; @AliceAtAlliance

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