Vantage Towers aims to generate €1 billion in revenues this year
Vantage Towers aims to generate revenues of around the €1 billion mark in the current financial year, a modest increase on its pro forma turnover in full-year 2021.
Vantage Towers aims to generate revenues of around the €1 billion mark in the current financial year, a modest increase on its pro forma turnover in full-year 2021.
Vantage Towers started trading in Frankfurt on Thursday as planned, priced at €24.00 per share, towards the lower end of parent Vodafone’s initial price range.
Vodafone will float Vantage Towers next week, raising up to €2.8 billion in the process.
Vantage Towers is attracting new customers from outside the Vodafone group, the latest being Sigfox Germany, with which it has just inked a 500-tenancy deal.
Vodafone will transfer its 50% stake in UK towers business Cornerstone to Vantage Towers, having brokered a deal with joint venture partner Telefonica to operate the unit as a commercial entity.
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