Barbara Kollmeyer is based in Madrid, where she leads MarketWatch's pre-markets coverage of financial markets and writes the Need to Know column. She has worked in London and Los Angeles for MarketWatch previously. Follow her on Twitter @bkollmeyer.
Shares of Vodafone Group PLC rose on Monday after a report saying the telecommunications group will sell part of its Spanish arm in a deal valuing the latter at over $5.3 billion.
In September, Zegona confirmed it was in talks over buying Vodafone’s Spanish arm. Those sources also said any deal could still fall through.U.S.-listed shares of Vodafone VOD, +0.33% rose just over 1% in premarket trading, while those in London VOD, +0.41% were up more modestly. Vodafone shares have lost over 9% so far this year.
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