TECH

UAE telco Etisalat becomes Vodafone’s largest shareholder

Abu Dhabi-based telco Etisalat, also known as E&, has made a surprise investment in Vodafone, purchasing a 9.8% stake to become its largest shareholder.

The $4.4 billion paid is a 10% premium on Vodafone’s share price, a vote of confidence in the Newbury-based operator’s present strategy.

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