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Vodafone considers sale of tower assets in Europe to reduce debt: Report

September 17, 2018


U.K.-based telecom group Vodafone is considering selling towers in order to help reduce the company’s debt, which currently totals 31 billion euros ($36.2 billion), its incoming CEO Nick Read said.

At a Goldman Sachs investor conference, Read said that the move will allow the firm to maintain its ability to pay dividends after acquiring the assets of Liberty Global, the Financial Times reports.

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