Lack of interest from Vodafone hits Lebara sale - report

Monday 10 October 2011 | 19:49 CET | News
The sale of European ethnic MVNO Lebara has been hit after network partner Vodafone declined to bid for the company, reports UK newspaper The Observer. Lebara appointed the Royal Bank of Scotland in the summer to conduct a sale, with initial offers due in August and final bids by end-September. The sale is believed to have attracted around 20 expressions of interest, including KPN and T-Mobile in Europe, as well as operators from Africa and India. An unnamed source close to the sale process said that plans by Lebara's founders to leave the company had put Vodafone off bidding. A Lebara

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Categories: Mobile & Wireless
Companies: KPN / Lebara / T-Mobile / Vodafone
Countries: Europe
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