“E&” is considering increasing its stake in “Vodafone” to 25%

E& Telecom, the largest shareholder in Vodafone Group, said it is considering increasing its stake in it to ensure that it has an influential stake in the future of the British telecoms giant.
And “E&” said, during a conference call with investors to announce its profits for the first quarter, that it may raise its stake in “Vodafone” to 20% or 25%.

E& has a 14.6% stake in the British group, and last month said it had opened discussions with the company to make changes to its board. Hatem Dowidar, CEO of E&, said that the company’s goal is to become an “important minority investor with sufficient influence,” and said that this stake may be 20% or 25%, this is the maximum, according to a note. for clients by «Berenberg».

According to the memo, A&E said it had not received “any indication” of a dividend cut at the Newbury, England-based Vodafone Group. (bloomberg)