Vodafone (VOD) shares sink 2.9% in London after the company agreed to pay €1.4B for Dutch 4G...

|About: Vodafone Group Plc (VOD)|By:, SA News Editor

Vodafone (VOD) shares sink 2.9% in London after the company agreed to pay €1.4B for Dutch 4G spectrum in an auction that raised €3.8B in total from KPN, T-Mobile and Tele2, as well as from Vodafone. Investors are concerned about the amount operators are going to have to shell out in auctions across Europe, although cash-strapped governments are probably delighted.