French telecoms tycoon Niel buys 2.5% stake in Vodafone

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LONDON — French billionaire telecoms executive Xavier Niel, the founder and majority owner of Iliad, has bought a 2.5% stake in Britain’s Vodafone through an investment vehicle.

The vehicle – Atlas Investissement – said Vodafone was an “attractive investment opportunity, as per the quality of its assets portfolio and the solid underlying trends in the global telecommunications sector.”

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It said it was supportive of Vodafone’s publicly-stated intention to pursue consolidation opportunities, as well as its efforts in infrastructure separation. (Reporting by Paul Sandle; editing by James Davey)