Sunday September 20, 2020

4G spectrum purchase hits Vodafone shares

Vodafone shares fell on concern that a €1.4 billion spectrum purchase in a Dutch government auction will herald higher prices for frequencies to carry faster mobile services.

17th December, 2012
2
Vodafone dropped as much as 3.1 per cent.

Vodafone Group fell the most in more than a month on concern that a €1.4 billion spectrum purchase in a Dutch government auction will herald higher prices for frequencies to carry faster mobile services.

Vodafone dropped as much as 3.1 per cent to 156 pence in London trading, the biggest intraday decline since November 13th. The stock had fallen 10 per cent this year up to December 14th.

The Dutch government raised €3.8 billion on Friday from Vodafone,...

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