By Kyle Morris

Emirates Telecommunications Group Co. PJSC said Tuesday that it has increased its stake in Vodafone Group PLC to around 14% of the issued share capital.

The company, formerly known as Etisalat Group, said it has increased its stake in Vodafone to around 3.79 billion shares, giving it further exposure to a leader in connectivity and digital services.

The implied stake value is around 3.82 billion pounds ($4.61 billion), based on Monday's closing price of 100.72 pence.

Shares in Vodafone at 1247 GMT were up 0.74 pence, or 0.7%, at 101.46 pence.

Write to Kyle Morris at kyle.morris@dowjones.com

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(END) Dow Jones Newswires

February 28, 2023 08:03 ET (13:03 GMT)

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