Vodafone Australia May Be Looking For Buyers - Report
March 15 2012 - 6:56PM
Dow Jones News
Vodafone Group PLC (VOD.LN) and Hutchison Whampoa Ltd. (0013.HK)
are looking for buyers for their Vodafone Australia joint venture,
The Australian newspaper reported Friday, citing unnamed industry
sources.
The newspaper said it "understands" a preliminary information
memorandum has been circulated to test market reaction to a sale to
telecommunications companies and sovereign wealth funds in Asia,
the Middle East and elsewhere.
The report said the joint venture and Vodafone Group both
strongly denied a sale is being considered. Spokespeople for
Vodafone Australia weren't immediately available for comment
Friday.
Newspaper website: http://www.theaustralian.news.com.au
-By Sydney bureau; 61-2-8272-4680; djnews.sydney@dowjones.com