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Xavier Niel to Become Vodafone's Largest Shareholder With $5.9 Billion Stake Buy

Provided by Dow Jones Jul 10, 2026, 6:47:00 AM

By Anthony O. Goriainoff

French businessman Xavier Niel plans to buy a 16.2% stake in Vodafone Group from Emirates Telecommunication for about 4.4 billion pounds, or $5.90 billion, to become the largest shareholder in the U.K. telecoms company.

Vega, an acquisition vehicle owned by the Niel family group, said the investment would be a long-term, strategic minority shareholding and it didn't plan to make an offer for the entire share capital of Vodafone.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

July 10, 2026 02:47 ET (06:47 GMT)

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