Liberty Global acquires 5 per cent stake in Vodafone Group Plc

Liberty Global has acquired a 5 per cent stake in Vodafone Group Plc. The company bought 1.34 billion Vodafone shares (approximately 4.93 per cent) through a deal involving £225 million in equity funding from the group. Liberty Global owns half of Virgin Media O2, a major Vodafone rival in its home market, and has operations in Belgium, Switzerland, Ire­land and Slovakia. Liberty Global is now Vodafone’s third-largest sha­re­holder after the UAE-based telecoms company e& and American in­vestment group BlackRock.