This morning's announcement by AIX effectively values Vodafone Australia at $2.3B, a far cry from the >$5B in inferred value which was being touted in the market 12+ months ago.
This morning, AIX confirmed that its Hastings Funds Management business had yesterday sold its 4.5% stake in Vodafone Australia effectively for $105m.
As a result of this sale taking place, Vodafone Pacific is now 100% controlled by Vodafone PLC. Such a move (ie: in cleaning up its equity structure, etc), now positions Vodafone for the next step in industry rationalisation.
Such a step may well comprise one or more of the following:
1)
exit from Australia through a sale to another party (ie: HTA);
2)
a merger with another party in order to provide a more comprehensive level of coverage and service (ie: HTA and /or TEL/AAPT); and /or
3)
an infrastructure sharing arrangement /equity commitment in support of its 3G aspirations (ie: through a tie-up with Hutchison, as the most advanced developer of 3G services in Australia).
- Forums
- ASX - By Stock
- FGX
- AIX SELLS OUT OF VODAFONE
AIX SELLS OUT OF VODAFONE
Featured News
Add FGX (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.16 |
Change
0.000(0.00%) |
Mkt cap ! $473.4M |
Open | High | Low | Value | Volume |
$1.16 | $1.17 | $1.16 | $199.6K | 171.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 108208 | $1.16 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.17 | 7468 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 108208 | 1.160 |
2 | 4699 | 1.155 |
8 | 46251 | 1.150 |
4 | 73320 | 1.145 |
4 | 10310 | 1.140 |
Price($) | Vol. | No. |
---|---|---|
1.165 | 7468 | 1 |
1.170 | 40977 | 2 |
1.175 | 102715 | 7 |
1.180 | 96751 | 4 |
1.185 | 10920 | 1 |
Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
Featured News
FGX (ASX) Chart |
The Watchlist
CC9
CHARIOT CORPORATION LTD
Shanthar Pathmanathan, MD
Shanthar Pathmanathan
MD
Previous Video
Next Video
SPONSORED BY The Market Online