Vodafone plans retreat from great call of China

first_img Share Vodafone plans retreat from great call of China More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com whatsapp VODAFONE is on the brink of a £4bn sale of its Chinese assets.It will sound out strategic partners before deciding whether to place its stake in China Mobile on the open market in Hong Kong. A lock-up period preventing Vodafone from selling its stake recently ended and the value of the holding has more than doubled since its initial outlay.The move is thought to be partly down to increasingly strained relations with the Chinese authorities. It is also an attempt to appease Vodafone shareholders who have complained the firm lacks discipline, especially surrounding its sprawling international operations.The firm is also likely to sell assets in Poland and eventually France as it moves to concentrate on its core markets. Sources said Vodafone was not under pressure to sell assets to shore up its balance sheet or improve cashflow.Analysts say a disposal of small minority stakes could raise well over £10bn, which could be used to pay off debt, tax bills, buy spectrum and increase share buybacks. KCS-content whatsapp Show Comments ▼ Tags: NULL Monday 30 August 2010 9:19 pmlast_img

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