1242 GMT - Vodafone Group is one of the most mentioned companies across news items over the past six hours, according to Factiva data. The FTSE 100-listed telecom company's shares rose 6% after Iliad Group put forward a proposal to merge their Italian businesses in a deal that values Vodafone Italia at 10.45 billion euros ($11.38 billion). While Vodafone said there is no certainty that a deal will be agreed upon, the group is exploring merger or disposal options for its Italian business with several parties, backing its portfolio growth strategy. Vodafone Group shares are up 5.72% at 68.45 pence. Dow Jones & Co. owns Factiva. (najat.kantouar@wsj.com)

 

(END) Dow Jones Newswires

December 18, 2023 08:21 ET (13:21 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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