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Vodafone Said to Announce Vantage Towers IPO as Soon as Wednesday

  • Intention to float document could come as soon as Wednesday
  • Vodafone CEO Nick Read to squeeze more value from tower assets
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Vodafone Group Plc is planning to announce the giant initial public offering of its European towers unit in the coming days, according to people familiar with the matter.

The intention-to-float document for Vantage Towers could be published as soon as Wednesday morning, the people said, asking not to be identified discussing private information. Vantage Towers could be valued at 15 billion euros ($18.2 billion) or more in the IPO, the lower range of analyst estimates, the people said.