J P M O R G A N Akhil Dattani AC (44-20) 7134-4725 akhil.dattani@jpmorgan.com J.P. Morgan Securities plc Ankur Baheti, CFA (91-86) 5796-8820 ankur.baheti@jpmchase.com J.P. Morgan India Private Limited Europe Equity Research 10 July 2026 EMEA Telecoms E& sells its Vodafone stake at a 13% premium to Xavier Niel. Our thoughts E& has just announced that "following a comprehensive strategic review" it has "signed a binding agreement with [Xavier Niel] .. to divest its 16.21% [stake] for … 112.5p/share, comprised ...