Xavier Niel, the French Billionaire, Becomes Vodafone’s New Owner

The global telecommunications giant Vodafone has been sold. French billionaire Xavier Niel has become the company’s largest shareholder after purchasing the 16 percent stake held by the United Arab Emirates-based e& Group for £4.4 billion.

Niel, whose net worth is estimated at $15.5 billion, already has significant telecommunications investments outside Vodafone, including operations in France, Italy, Poland, and Ireland.

Source: The Times