- Telecoms provider Vodafone Group has entered into an agreement to sell 100% of Vodafone Malta to Monaco Telecom SAM.

Monaco Telecom has agreed to acquire Vodafone Malta for a cash consideration equivalent to an enterprise value of €250m.

Following completion of the deal, Vodafone Malta will continue to operate under the Vodafone brand for a transitional period.

The transaction is conditional on regulatory approval from the Malta Communications Authority, and is expected to be completed in the first quarter of 2020. At 8:40am: [LON:VOD] Vodafone Group PLC share price was -0.4p at 150.1p

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