‘France’s answer to Steve Jobs’ buys 2.5% stake in Vodafone
by Mark Sweney from on (#63WTG)
Investment vehicle of tech disruptor Xavier Niel cites chance to spur streamlining' of UK telecoms group
The French telecoms billionaire Xavier Niel has acquired a 2.5% stake in Vodafone, citing opportunities to accelerate a streamlining" of the London-listed group's business.
Niel, who founded the telecoms company Iliad, has taken the stake through his investment vehicle Atlas Investissement, which said it was supportive of Vodafone's publicly stated intention to pursue consolidation opportunities".
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