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The Guardian - UK
The Guardian - UK
Business
Alex Lawson

US firm Liberty Global buys stake in Vodafone after tumultuous year

Vodafone Liberty Liberty Global United States John Malone United Kingdom Virgin Media O2
Vodafone shopfront
Vodafone’s value has fallen by more than 30% in the past 12 months. Photograph: Yui Mok/PA

The US telecoms group chaired by “cable cowboy” John Malone has snapped up a stake in Vodafone in a bet on the UK company’s revival – but has ruled out making a takeover bid.

Liberty Global, which is an investor in ITV and Virgin Media O2, told investors on Monday it had acquired a 4.92% stake in Vodafone, saying it believed the shares were undervalued.

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