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Vodafone Sells Stake in China Mobile

Sina Tech, 9/08/10

According to overseas media, global telecom operator Vodafone sold its 3.2% stake in China Mobile (NYSE: CHL; 0941.HK) yesterday. Based on China Mobile's share price at the end of trading yesterday, Vodafone will raise a maximum of USD 6.7 bln. According to an industry source, the deal is being underwritten by eight investment banks, including Goldman Sachs, UBS, Merrill Lynch, JP Morgan Chase, Morgan Stanley and HSBC.

Keywords: divest foreign investment China Mobile overseas wireless CHL Vodafone 0941.HK foreign operator

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