By Adria Calatayud
Vodafone Group PLC (VOD.LN) said Thursday that it has agreed to sell its Malta operations to Monaco Telecom SAM for a cash consideration equivalent to an enterprise value of 250 million euros ($278.2 million).
The U.K. telecommunications group said the business will continue to operate under the Vodafone brand for a transitional period.
The sale is conditional on regulatory approval from the Malta Communications Authority and is expected to close in the first quarter of the 2020 calendar year, Vodafone said.
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