US Stocks Movement | Vodafone Up Over 11% Pre-market as French Telecom Tycoon Acquires 16.2% Stake to Become Largest Shareholder

Glonghui, July 10th｜The pre-market share price of a British telecom company exchange rose by more than 11%, reaching $14.54. According to reports, French telecom tycoon and billionaire Xavier Niel has agreed to purchase a 16.2% stake in the exchange for approximately £4.4 billion (equivalent to $5.9 billion) in cash, making him its largest shareholder. In a statement, Niel said: “The exchange is ready to enter a new phase of growth and is well positioned to unlock significant untapped value in its European and African operations.”