Vodafone to sell stake in Swisscom Mobile says reports

News reports have said that Vodafone are planning to sell its stake in Switzerland’s Swisscom Mobile, where Vodafone has had a 25% stake in the company since 2001.

This comes as no surprise when they have just sold their stake in Belgacom’s mobile unit Proximus and Vodafone are looking to reduce their debt.

Some reports value Swisscom Mobile stake at around 3.5 billion swiss francs (compared to the 4.5 billion swiss francs that Vodafone paid in 2001.

Source- http://www.union-network.org

Technorati : Mobile, Swisscom Mobile, Switzerland, Vodafone
Ice Rocket : Mobile, Swisscom Mobile, Switzerland, Vodafone