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Vodafone seals the £790m sale of its stake in Poland’s Polkomtel
VODAFONE last night sealed the €920m (£790m) sale of its 24.4 per cent stake in Polkomtel after gaining regulatory clearance from Polish authorities.
Spartan Capital Holdings beat off competition from rivals including Apax and Telenor to acquire the stake.
The sale is part of Vodafone’s strategy to offload non core assets. It has also sold its 44 per cent stake in SFR to joint venture partner Vivendi for £6.8bn, its minority interest in China Mobile for £4.3bn and a holding in Japan’s Softbank for £3.1bn.
Vodafone this week edged its full-year outlook higher as growth in emerging markets and robust trading in northern Europe helped it to post first-half results ahead of forecasts.