Vodafone names Spain price, rejects Italy bid

Vodafone has priced the sale of its Spanish subsidiary Vodafone Spain at €7 billion, according to El Independiente.

Vodafone is weighing both a sale and a joint-venture with the creation of a new company on a 50/50 basis. Back in 2020 the company explored this latter possibility with MásMóvil but its plan failed as the valuation stuck at €6 billion.

Source: Vodafone names Spain price, rejects Italy bid