UK mobile phone giant Vodafone, the world's biggest mobile operator by revenue, has announced the sale of its 3.2 per cent stake in China Mobile for around £4.3 billion.
The sale is the first of what is expected to be several sales of minority holdings as part of Newbury-based Vodafone’s strategy to focus on core markets as it tries to improve its share price.
The buyers of the stake, of which it is thought there may be several, have not been identified.
