Vodafone Group is trading 4.25% down at £126.15 after investors focused on a potential €1.1 billion earnings shortfall linked to Société Générale’s acquisition of Patrick Drahi’s 50% stake in German fiber venture OXG.
- Deferred payments and earnout commitments may not transfer to the buyer, raising concerns about Vodafone’s future German broadband proceeds.
- The September 18, 2026 decline extended into the September 21, 2026 alert despite broadly constructive futures and risk sentiment, leaving OXG the clearest company-specific catalyst.