Vodafone leaps 6% on $245bn break-up talk

clock

Vodafone shares have jumped to the top of the FTSE 100 leaderboard on talk that US peers Verizon and AT&T are working on a $245bn break-up bid for the firm.

The telecoms giant rose 6% to 197.7p in early trading after an FT Alphaville report said Verizon and AT&T are working on the "biggest M&A deal ever", pitched at a 40% premium to Vodafone's Friday closing price of 186.6p a share. Vodafone's jump helped push the FTSE 100 up 0.9% to 6,468 by mid-morning. The mooted deal, which would give Vodafone an enterprise value of roughly $245bn, would resolve growing speculation over the future of the company's joint venture with Verizon. Vodafone shares have now risen almost 27% this year as investors become convinced the Verizon issue is comin...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

BlackRock CEO Larry Fink backs Britain amid 'more confidence in the UK economy' - reports
UK

BlackRock CEO Larry Fink backs Britain amid 'more confidence in the UK economy' - reports

UK is 'undervalued'

Linus Uhlig
clock 25 April 2025 • 2 min read
Spring sunshine boosts retail sales by 0.4% but UK 'not out of the woods yet'
UK

Spring sunshine boosts retail sales by 0.4% but UK 'not out of the woods yet'

Andrew Bailey warns of tariff impact

Linus Uhlig
clock 25 April 2025 • 2 min read
Reeves rallies Europe to invest in innovative defence
UK

Reeves rallies Europe to invest in innovative defence

Alongside action on fair trade

Beth Brearley
clock 24 April 2025 • 2 min read
Trustpilot