Vodafone Group plc selling Malta’s operation to Monaco Telecom SAM

Vodafone Group plc has announced that it has entered into an agreement to sell 100% of Vodafone Malta to Monaco Telecom SAM.

Monaco Telecom has agreed to acquire Vodafone Malta for a cash consideration of €250 million.

Following completion, Vodafone Malta wil continue to operate under the Vodafone brand for a transitional period.

The transaction is conditional on regulatory approval by the Malta Communications Authority.

Via MaltaToday

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