French telecoms tycoon Niel buys 2.5% stake in Vodafone
2022.09.21 02:47
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© Reuters. FILE PHOTO: Xavier Niel, founder of French broadband Internet provider Iliad, arrives for a hearing on the concentration of media ownership in the country, at the French Senate in Paris, France, February 18, 2022. REUTERS/Sarah Meyssonnier/File Photo
LONDON (Reuters) – French billionaire telecoms executive Xavier Niel, the founder and majority owner of Iliad, has bought a 2.5% stake in Britain’s Vodafone (NASDAQ:) through an investment vehicle.
The vehicle – Atlas (NYSE:) Investissement – said Vodafone was an “attractive investment opportunity, as per the quality of its assets portfolio and the solid underlying trends in the global telecommunications sector”.
It said it was supportive of Vodafone’s publicly-stated intention to pursue consolidation opportunities, as well as its efforts in infrastructure separation.
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