French billionaire takes 2.5 per cent stake in Vodafone

Xavier Niel wants to accelerate Vodafone’s cost cutting French billionaire Xavier Niel has his eye on a Vodafone takeover. Atlas Investissement an investment vehicle of telco mogul Xavier Niel, (above) has acquired a 2.5 per cent share holding in Vodafone Group. Niel is a recognised entrepreneur and major long-term investor in the telecoms sector across several European and African