Liberty Global buys nearly 5% stake in Vodafone

Shortly after the close of the UK trading session, Liberty Global announced in a statement that the company had purchased nearly 1.335 billion shares in Vodafone (VOD.UK), equivalent to a 4.92% stake. As Liberty's CEO added, the current share price in his view does not reflect the company's long-term operating prospects. The company's US-listed ADRs are currently trading close to 3% up.

Source: Bloomberg

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