Vodafone is considering selling China mobile equity
Beijing time on July 28 morning news, according to foreign media reports, vodafone PangYaoHan (Sir John chairman Bond) on Tuesday at the annual shareholders meeting won 93% of support, so as to avoid the position is the fate of recall.
He also said, is considering selling vodafone hold the equity of China mobile 3.2%. Hold the equity 0.42% vodafone Ontario teachers retirement plan (hereinafter referred to as “OTTP”) had previously proposed new elections, President, but failed to gain widespread support for other investors. OTTP also requires vodafone restructuring, says the company's strategic weakness, m&a records are very bad.
OTTP also with other investors to sell to press vodafone France, China and America holding assets etc.
Vodafone CEO Vittorio gate Colao Vittorio (families), admitted last week that vodafone is considering a minority stake in the company sold overseas. Some investors to sell the company to vodafone held American Verizon wireless mobile operators, this part of 45 percent stake is difficult to obtain every few years. Although part OTTP support private shareholders, but not openly, because fear that this will hurt vodafone in negotiations, thus make shareholders' equity position. Citigroup analysts estimate, vodafone Verizon wireless of total equity for 330 million pounds ($514 billion).
But the personage inside course of study thinks, the difficulty of the equity sell this part is very big, the reason is that the only possibility to buy the stock of the company is the controlling shareholders Verizon wireless Verizon telecom. PangYaoHan said: “strictly speaking, only a possible buyers.
This is not a listed company, we can't sell shares in the market, so the question is how to obtain advantages in negotiations.
If they see any of our weakness, I'm sure they will give very low price. PangYaoHan that vodafone in consideration of selling the company held by the China mobile 3.2%.
Analysts estimate that the stakes worth 42 million pounds ($63.4 million dollars).
He said: “it is an important and valuable investment, but the board has the responsibility to maximize value.” (siyuan)
