Vodafone (LON:VOD) slips as Safaricom move doesn’t help FTSE laggard
Vodafone Group Public Limited Company dropped over 3% on Tuesday and was one of the FTSE 100’s laggards. The move came as Vodafone closed a deal, taking control of a major telecom and mobile-money player in Africa. Vodafone shares finished 3.72% lower at 99.60p. The FTSE 100 was up 0.12% at 10,497.12, so Vodafone lagged the index by 384 basis points for the day. With a market value of £22.93 billion at Hargreaves Lansdown, Vodafone lost about £890 million in equity value from the single-day decline, by calculation.