Tuesday, 19 June 2018

Vodafone shareholder brands possible Verizon Wireless sale 'insane'

By Nick Wood, Total Telecom
Thursday 14 March 13

Australian hedge fund Bronte Capital calls for sacking of operator's entire board in the event it exits U.S. joint venture.

A vocal Vodafone shareholder has declared that any attempt by the mobile operator to sell its stake in Verizon Wireless would be insane. "If Vodafone management pursue any deal to resolve the Verizon Wireless issue then the entire Vodafone board should be sacked for venal and costly incompetence," said John Hempton, chief investment officer of Australian hedge fund Bronte Capital…

A vocal Vodafone shareholder has declared that any attempt by the mobile operator to sell its stake in Verizon Wireless would be insane. "If Vodafone management pursue any deal to resolve the Verizon Wireless issue then the entire Vodafone board should be sacked for venal and costly incompetence," said John Hempton, chief investment officer of Australian hedge fund Bronte Capital…

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