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LONDON: U.S.-listed Liberty Global<\/a> disclosed a near-5% stake in British telecom group Vodafone<\/a> on Monday, saying its larger rival's shares were undervalued by the market but ruling out a takeover.
Liberty Global<\/a> Chief Executive Mike Fries called the stake in Vodafone<\/a>, whose shares have heavily lagged London's blue-chip index over the past two years with a 30% drop, an \"opportunistic and financial investment.\"
\"We believe, like many others, that Vodafone's current share price does not reflect the underlying long-term value of their operating businesses, or their announced consolidation and infrastructure opportunities,\" Fries said.
Vodafone, which reported worse-than-expected quarterly results earlier this month, declined to comment. The pair own Vodafone Ziggo<\/a>, a Netherlands venture.
The British company, whose boss of four years, Nick Read<\/a>, stepped down in December, has been selling assets to focus on Europe and Africa, but the deals have not boosted its stock price, which has fallen over the past five years.
Liberty Global owns half of Virgin Media O2, a major Vodafone rival in its home market, and has operations in Belgium, Switzerland, Ireland and Slovakia.
Liberty Global is now Vodafone's third-largest shareholder after UAE-based telecoms company e& and American investment group BlackRock. French telecoms billionaire Xavier Niel also bought a stake in Vodafone last year.
Shares in Vodafone, which operates in 24 countries, closed 2.1% higher at 94 pence on Monday, giving the company a market capitalisation of 25.50 billion pounds ($30.94 billion), Refinitiv<\/a> data showed.
Liberty Global, valued at $9.94 billion, bought 1.34 billion Vodafone shares, or about 4.93% of the company, through a deal involving 225 million pounds in equity funding from the group, according to its statement.
The Nasdaq-listed company, which also has stakes in British broadcaster ITV, data centre provider AtlasEdge and the Formula E racing series, said it did not intend to seek a board seat. Its shares were down 1.6% by 1940 GMT, losing out on a broader Wall Street rally.
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自由沃达丰全球“投机取巧”5%的股份
自由全球首席执行官迈克薯条称为沃达丰(Vodafone)的股份,其股价已严重落后于伦敦的蓝筹股指数在过去两年中下降了30%,一个“机会主义和金融投资”。
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伦敦:在美国上市自由的全球披露附近——英国电信集团5%的股份沃达丰(Vodafone)周一,称其规模更大的竞争对手的股价被市场低估了,但排除了收购。
自由的全球首席执行官迈克薯条称为股份沃达丰(Vodafone),其股价已严重落后于伦敦的蓝筹股指数在过去两年中下降了30%,一个“机会主义和金融投资”。
“我们相信,像许多其他人一样,沃达丰(Vodafone)目前的股价并不反映其经营业务的潜在长期价值,或者他们宣布合并和基础设施的机会,“薯条说。
沃达丰(Vodafone)本月早些时候公布了弱于预期的季度结果,拒绝置评。两人的沃达丰Ziggo荷兰的风险。
四年的英国公司的老板,尼克读12月卸任,出售资产以关注欧洲和非洲,但是这些交易没有提振股价,这已经过去五年了。
自由全球拥有一半的Virgin Media O2、沃达丰(Vodafone)主要竞争对手在其国内市场,并在比利时、瑞士、爱尔兰和斯洛伐克。
自由全球现在沃达丰的第三大股东后位阿联酋电信公司e和美国贝莱德投资集团。法国电信亿万富翁Xavier Niel去年也入股沃达丰。
沃达丰股价在24个国家运营,周一上涨2.1%,收于94便士,给该公司市值255亿英镑(309.4亿美元),Refinitiv数据显示。
自由全球,价值99.4亿美元,买了13.4亿股沃达丰股票,或大约4.93%的公司,通过一个涉及2.25亿英镑的交易股权融资集团,根据其声明。
纳斯达克上市公司,也有股份在英国电视台ITV,数据中心供应商AtlasEdge和公式E赛车系列,说它不打算寻求获得一个董事会席位。1940 GMT时其股价下跌1.6%,失去一个更广泛的华尔街集会。
