Vodafone sells assets as the first step to sell China Mobile shares to raise US $ 6.2 billion (VC 274)

In the morning news on August 30, Beijing time, according to foreign media reports, Vodafone is planning to sell part of China Mobile's shares at a price of more than 4 billion pounds (about 6.211 billion US dollars), which will be the first in a series of Vodafone's asset sales step.

Vodafone CEO Vittorio Cola (VittorioColao) has approved the company's plan. However, Vodafone is still considering whether to look for a strategic investor to sell 3.2% of the shares, or to conduct a public sale in the Hong Kong stock market.

Colau hopes Vodafone will focus on Europe, Africa and India. Vodafone declined to comment. Vodafone's current market value is 81 billion pounds, but analysts believe that because Vodafone's current global investment is very scattered, its value is underestimated by 40%.

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