LONDON—Shares in Vodafone edged higher on Monday as a surprise $4.4 billion investment from the UAE-based telecoms company e& provided a much needed but possibly short-term boost to the British firm’s CEO Nick Read.
The company previously known as Etisalat said on Saturday it had become the largest shareholder in Vodafone with a 9.8 percent stake, attracted to its management, its efforts to unlock value and a diversified currency base.
