Vodafone share price rises as Iliad invites it to merge Italian operations

Iliad said on Monday it had submitted a proposal to Vodafone to merge their Italian businesses, adding the project had the unanimous support of its board of directors. “The merged business would be expected to generate revenues of around £5bn and EBITDA of approximately £1.38bn (€1.6bn) for financial year ending March 2024,” Iliad said in a statement. [...]