Britain’s Vodafone announced on Thursday that it will acquire German cloud and digital transformation company Skaylink for 175 million euros ($204.09 million) from private equity firm Waterland, aiming to expand its service offerings, News.Az reports, citing Reuters.

Shares of debt-ridden telecom firm Vodafone Idea fell by more than 5% in intraday trading on Thursday, October 30, following concerns that the Indian Supreme Court’s latest order offers only partial relief to the company.