Vodafone's Spanish unit attracting takeover interest - report

Vodafone’s Spanish business is reportedly attracting takeover interest from potential buyers.

Bloomberg cited people with knowledge of the matter as saying that the telecommunications group has been contacted by private equity and strategic suitors.

Sources said that while it’s not running a formal sale process for the unit, Vodafone would consider offers at the right price.

It was understood that Vodafone’s Spanish unit could be valued at more than $4bn.

Deliberations are ongoing and there’s no certainty they’ll result in a sale of the Spanish operations, Bloomberg said.

At 1330 BST, Vodafone shares were up 2.4% at 89.54p.