Vodafone International intends to list its assets in the mobile or mobile towers sector later next year, in light of the escalating pressures due to the consequences of the Corona pandemic. p>

According to ArabiaNet, the company said its plan to offer these assets to investors was moving forward on the Frankfurt Stock Exchange with plans to merge its towers in Greece with the assets of Wind Hellas Telecommunications, according to Arabiya Net. What Bloomberg reported.

The agency quoted sources as saying that Vodafone is seeking to raise about two billion euros from the sale of these assets, which ranges between 10-20 billion euros, at a time when it did not disclose The company reports the actual value of those assets that fall under the banner of Vantage Towers, which is fully owned by Vodafone International.

The subsidiary of Vodafone, which is expected to be launched next year, announced on Friday the earnings before interest, taxes, depreciation and debt consumption in the first quarter of the current fiscal year of the company estimated at $ 789 million at a time The company’s business was affected by it as the demand for roaming services across its towers decreased due to the Corona pandemic.

The company's revenue from operations fell by about 1.3% during the three months to the end of last June, at a time when the company said that the demand for roaming services in Europe had It decreased by about 70% amid the paralysis that affected major European cities due to Corona.

The company said that it does not expect any recovery for the demand for roaming services in the near future with a state of uncertainty surrounding the global travel industry scene without reaching an effective vaccine that can eradicate the virus.

Global investment bank Goldman Sachs has maintained its recommendation to buy Vodafone Global Group’s shares while maintaining the same forecasts for the financial results for the current fiscal year that ends in March next year.

Vodafone shares on the London Stock Exchange fell by 4.4% in Friday's trading after the announcement, at a time when the British FTSE 100 index fell by 1.8%.

(Fun Knowledge of Knowledge)