IN BRIEF: Societe Generale to invest in Vodafone joint venture OXG
Vodafone Group PLC - Berkshire, England-based telecommunications provider - Societe Generale SA agrees to acquire a 50% stake in Vodafone's German fibre joint venture, OXG Glasfaser Beteiligungs-GmbH, from Geodesia Holding Sarl.
"The transaction secures a committed funding partner in OXG, enabling the continued expansion of its fibre network in Germany, while maintaining strategic flexibility for Vodafone," the company states.
Current stock price: 118.70 pence, up 0.2% in London on Tuesday
12-month change: up 35%
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