Vodafone Investors May Focus on Possible Xavier Niel-Led Turnaround
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1142 GMT - Vodafone's U.K. unit VodafoneThree is well-positioned in a challenging market but German trends are seen weakening, UBS analysts Polo Tang and Dhruva Kusa Shah write. "While we are positive on the U.K. unit, we are cautious on Vodafone Germany," they say. However, investors may be more focused on the chance French billionaire Xavier Niel will lead a turnaround if he gets a seat on board, they say. Niel will be the U.K. telecommunications company's largest shareholder once his stake purchase from Emirates Telecommunications Group completes, which is expected by end of this year. UBS has a sell rating on the stock and 95 pence target price. Shares are down 4.2% at 119.20 pence, but 21% higher over the year-to-date.
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