Xavier Niel Discloses 9.9% Beneficial Stake in Vodafone Group
Xavier Niel, via Vega SAS and Maya SAS, disclosed a 9.9% beneficial stake in Vodafone Group, with ownership capped at 9.9% unless additional approvals are obtained. Vega said it invested for the long term and plans to engage Vodafone’s board, management and investors. The filing describes derivative arrangements tied to buying 3.94 billion Vodafone shares from Emirates Telecommunications Group, with deliveries limited by the 9.9% cap and potentially switching to cash if clearances do not arrive.