Vodafone shares rise 2.4% after Liberty Global buys 5% stake

Shares in Vodafone (VOD.L) rose 2.4% at the open on Tuesday after John Malone's Liberty Global (LBTYA.O) 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.

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