Half Year 2023 Vantage Towers AG Earnings Call Transcript
Good morning, everyone, and welcome to our Analyst Call that follows our half-year results announcement that went out this morning. So we'll make this a Q&A session as usual.
But before that, I just thought I'd share a quick update on, first of all, current events and also some highlights of H1 fiscal '23.
So as you've seen, on the 9th of November, there was an announcement by Vodafone with GIP and KKR about the creation of a joint venture, which will hold the 81.7% stake in Vantage Towers that Vodafone currently owns and to launch a voluntary takeover offer in the forthcoming period. This is a strategic co-control partnership as Nick Read had announced as being the core scenario or hypothesis that Vodafone wanted to pursue.
And it's with long-term investors who have strong expertise in digital infrastructure and share our view of the opportunities that are offered by the sector for long-term growth and value creation. So the joint venture will launch a voluntary takeover offer for the outstanding
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