Vodafone ready to seal £1bn sale of its stake in Polish telco
VODAFONE will complete the sale of its Polish assets by the end of this week, City A.M. has learned.
It is understood the 24.4 per cent stake in Poland’s Polkomtel will be worth in the region of £1bn.
Tycoon Zygmunt Solorz-Zak is understood to be ready to seal a deal to buy Polkomtel worth in the region of £4bn, beating competition from rivals Apax and Telenor.
Vodafone this month announced it has completed the £6.8bn sale of its 44 per cent stake in SFR to
joint venture partner Vivendi. It will also receive a final dividend from SFR of £176m.
The sale is part of Vodafone’s strategy to exit its non-core assets.
It has already sold its minority interest in China Mobile for £4.3bn and in Japan’s Softbank in a deal worth £3.1bn.