Vodafone has minority stakes in operators in Poland, France and India which it might also look to sell. China Mobile shares fell as much as 4. More than million shares traded against an average daily volume of 21 million shares in the past 30 trading days.
Vodafone shares were down 0. The company said it plans to return most of the proceeds to shareholders and repay some debt. A sale could come within the next few weeks, ahead of an eagerly awaited strategy update from Colao that will set the future direction of the company.
Two years after replacing Arun Sarin as CEO, Colao appears ready to end Vodafone's global ambitions in favour of a more focused approach. Weekend reports said he has already told investors that the company will concentrate on Europe, India and Africa. Selling out of China Mobile is likely to please those Vodafone shareholders who have been agitating for the company to divest some of its minority stakes in other mobile operators around the globe.
This strategy could boost Vodafone's value and even lead to higher dividends. A Vodafone spokesman declined to comment. Robin Bienenstock, telecoms analyst at Sanford C. The issue even led to a small revolt at last month's annual meeting when over 6. This protest vote was led by The Ontario Teachers' Pension Plan, who accused Vodafone of a "disastrous" series of acquisitions and demanded a new chairman. ET By Simon Kennedy ,.
I rebuilt my life after hitting rock bottom at My estranged daughter says she only wants my money and jewelry. Do I include her in my will? Why the new tax law caused a 'perfect storm' for Roth IRA conversions.
0コメント