Vodafone Faces 1.1 Billion Euro Loss After Drahi Deal

Vodafone faces a potential financial loss of up to 1.1 billion euros following a broadband deal in Germany. The loss stems from the actions of joint venture partner Patrick Drahi, who sold a 50% stake in OXG.

This divestment reportedly deprives Vodafone of substantial future earnings from the venture. The financial impact follows the restructuring of ownership within the German broadband operation.