Vodafone to offload Arcor for EUR1 billion?

9 Jun 2004

UK-based the Vodafone Group is to sell off its German fixed line operation Arcor by the end of 2004 for up to EUR1 billion, according to local magazine Wirtschaftswoche. The cellphone company is believed to have held preliminary discussions over a deal with several private equity groups as well as German rival Freenet and Tele2 of Sweden.