🔴 Vodafone Group is trading 5% down after SpaceX agreed to acquire low-band spectrum

Vodafone Group is trading at £118.35, down 4.86%, after Reuters reported European telecom shares slid on October 9 following SpaceX’s agreement to acquire a nationwide low-band spectrum portfolio.

• Vodafone fell 3.5% in Reuters’ report, alongside declines in Orange and Telefonica.
• October 9 was the latest session; the market was closed on October 12.
• Vodafone Group’s October 8 investor briefing announced a £11 billion UK 5G investment plan, but that earlier news does not explain the decline.