Vodafone Group Public (LON:VOD) Stock Price Up 12.3% - Here's Why
The deal makes Vega Vodafone’s largest shareholder and sent shares up 13%, as e& exits after a board reshuffle.
- Investment vehicle Vega, owned by Xavier Niel, acquired Emirates Telecommunications Group's 16.2% stake in Vodafone Group for £4.4 billion, making Niel the largest shareholder.
- CEO Margherita Della Valle said the firm is now "a simpler company with a stronger growth outlook" after three years of restructuring, positioning it for strategic investment.
- Shares in Vodafone surged 13%, decoupling from flat Verizon and AT&T, marking the ADR's sharpest single-day gain in months.
- Director Hatem Dowidar resigned from the board with immediate effect as the relationship agreement with Emirates Telecommunications was terminated.
- On July 27, Vodafone reports Q2 results tracking VodafoneThree integration, while a final FY26 dividend of $0.0275 per share pays July 30.
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25 Articles
Vodafone Group Spikes 13%: Here’s the Story
The post Vodafone Group Spikes 13%: Here’s the Story appeared first on 24/7 Wall St.. Vodafone (VOD) surged 12.7% to $14.74 Friday after Vega acquired e&'s 16.2% stake for £4.4 billion, making Xavier Niel the largest shareholder. Vodafone shares rallied on governance clarity after months of pressure; peers flat signals company-specific catalyst, with Q2 results July 27 and dividend July 30 ahead. Act now: the analyst who called NVIDIA in 2010…
Evening Standard
Vodafone gains help FTSE 100 close higher amid calmer trading
The FTSE 100 closed at 10,497.29, up some 24.84 points.
Telecom shares boost UK's FTSE 100, though index clocks weekly loss
London's FTSE 100 closed higher on Friday as communications stocks took the lead, with Vodafone jumping after French tycoon Xavier Niel became the company's biggest shareholder, though the index suffered a weekly fall.
Led by Vodafone and EasyJet, London closed higher (+0.24%), as did Paris (+0.15%) and Milan (+0.44%). Frankfurt, however, finished lower (-0.20%).
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