Plus   Neg

Vodafone To Sell Malta Unit To Monaco Telecom For €250 Mln - Quick Facts

British telecom major Vodafone Group Plc (VOD.L,VOD) announced Thursday that its unit Vodafone Europe B.V. has entered into an agreement to sell Vodafone Malta or VFML to Monaco Telecom SAM. The sale is for a cash consideration equivalent to an enterprise value of 250 million euros.

Following completion of the sale, VFML will continue to operate under the Vodafone brand for a transitional period.

The transaction is conditional on regulatory approval from the Malta Communications Authority. The completion of the sale is expected in the first quarter of the 2020 calendar year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Facebook said it is launching new tools that will help health researchers to track and combat the spread of COVID-19 by using anonymized location data from users. The social media giant said its 'Data for Good' program is developing Disease Prevention Maps that provide details on how population movements around regions are influencing the spread of the disease. Amazon.com decided to donate 8200 laptops, worth more than $2 million, to elementary students in Seattle Public Schools (SPS) to help towards the continuous learning plan during the coronavirus (COVID-19) pandemic. SPS is the largest K-12 school system in Washington State to ensure that each student graduates ready for college, career and life. With classrooms going digital due to the stay-at-home order amid the Covid-19 pandemic, the New York City has banned the use of video conferencing app Zoom to conduct online classes, citing privacy and security concerns. The city's Department of Education in partnership with the NYC Cyber Command took the decision after receiving many reports of "Zoombombing".
Follow RTT