Vodafone sells slice of Vantage Towers to KKR, other investors
Source: Reuters
LONDON, Nov 9 (Reuters) - Vodafone (VOD.L) said it would sell a portion of its majority stake in wireless towers unit Vantage (VTWRn.DE) to private equity firms GIP and KKR (KKR.N), and use the minimum proceeds of 3.2 billion euros to pay down its debt.The British telecoms group said its would create a new joint venture with the investors, which would result in the deconsolidation of its 81.7% stake.The joint…
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