- Benzinga
Vodafone Offloads India's Indus Towers Stake To Trim $2.3B Debt
Vodafone Group Public Limited Company (NASDAQ:VOD) reportedly plans to sell its entire $2.3 billion stake in India’s Indus Towers through stock market block deals next week. The move is part of the British firm’s strategy to repay debt, Reuters reports. Vodafone currently owns 21.5% of mobile tower operator Indus Towers through various group entities. Based on Friday’s stock price in Mumbai, the investment is valued at $2.3 billion. As per the report, the final size of the stake sale is yet to b
- Barrons.com
Europe’s Telecoms Are Looking Beyond 5G and Debt. 5 Value Stocks.
Not all European telecoms are equally afflicted. Some investors are bullish on KPN in the Netherlands, Tele2 in Sweden, and Deutsche Telekom in Germany.
- InvestorPlace
3 Sorry Telecom Stocks to Sell in May While You Still Can
The telecom industry is bouncing back, fueled by the growing demand for connectivity and Internet-of-Things (IoT) services. However, it continues to navigate a maze of challenges though, with geopolitical tensions and persistent inflation weighing down its recovery. Hence, the savvy investor will want to scrutinize telecom stocks to sell more closely. Moreover, the telecom sector’s resilience is tested by supply chain and labor market headwinds, which continue pushing operational costs higher. W
