Vodafone increases hold over Panafon

5 Dec 2003

The world’s largest mobile operator Vodafone yesterday increased its stake in Greek mobile operator Vodafone-Panafon from 77.5% to 80.8%. The EUR110 million deal involved the purchase of 17.75 million shares at an average unit price of EUR6.2. Vodafone has said it will look to increase its stake in Panafon further over the coming twelve months.