Société Générale has completed its acquisition of a 50% stake in OXG Glasfaser, Vodafone's German fibre joint venture, from Geodesia Holding, Vodafone confirmed on 30 October 2026.
Why Société Générale S.A. is buying OXG Glasfaser Beteiligungs-GmbH (50% stake from Geodesia Holding)
Vodafone said the transaction secures a committed funding partner for OXG, enabling the continued expansion of its fibre network in Germany, while maintaining strategic flexibility for Vodafone.
Deal terms and financing
The price was not disclosed. The agreement was announced on 1 September 2026 and was subject to customary regulatory approvals and closing conditions.
Regulatory approvals and timing
The European Commission cleared joint control of OXG by Vodafone and Société Générale in late September 2026.
Market context
Vodafone shares rose 1.2% to 118.10p in London on the morning of the announcement, while Société Générale fell 1.7% to €61.37 in Paris.
