Vodafone

(VOD) - Get Report

subsidiary

Mannesmann

said today it has accepted revised the terms for its sale of

Infostrada

to Italy's

Enel

.

Enel, Italy's national electricity provider, agreed last October to buy Italian phone operator Infostrada for 11 billion euros. Friday, Mannesmann said Enel would instead pay 7.25 billion euros ($6.5 billion) and assume Infostrada debt of 1.3 billion euros ($1.16 billion).

The deal is expected to be completed by March 29, pending approval of Mannesmann's board.

Shares of Vodafone, a wireless telecommunications company based in Berkshire, England, fell $1.07, or 3.7%, to $28.10 Friday in

New York Stock Exchange

trading.