LONDON (Reuters) – Shares in Vodafone rose 2.4% at the open on Tuesday after John Malone’s Liberty Global said it had bought a near-5% stake in the British telecoms operator after the market closed on Monday.
Liberty Global, which owns half of Virgin Media O2, a major rival to Vodafone in the UK, ruled out making a takeover bid.
(Reporting by Paul Sandle; Editing by Sachin Ravikumar)
