Vodafone Group plc (GB:VOD) has released an update.
Vodafone Group Plc has announced the final approval of the sale of its Spanish operations to Zegona Communications, with a completion date set for the end of May 2024 and a total transaction value of €5 billion. Following the sale, Vodafone plans to launch a €500 million share buyback program as part of a broader plan to return €2 billion to shareholders over the next year. This strategic move aligns with Vodafone’s commitment to optimize returns for shareholders and advance its overall financial strategy.
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