July 26 - 11:07
Vodafone to separate mast operations in Europe, eyeing possible IPO
Vodafone has announced plans to separate its European mobile mast operations into a standalone company. The new company, which will be know as TowerCo, will be operational by May 2020, with a dedicated management team. Vodafone plans to use the new business to raise significant funds, and said it is looking at the potential of an IPO to unlock value for shareholders.
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