Monday, 24 September 2018

Voda holds onto Verizon cash, CEO plays down stake sale talk

By Nick Wood, Total Telecom
Tuesday 21 May 13

Mobile giant to retain £2.1 billion dividend from U.S. venture as Europe again weighs on turnover.

Vodafone CEO Vittorio Colao on Tuesday played down suggestions that his company is planning to sell its 45% stake in Verizon Wireless, as the U.K.-based mobile giant's latest financial results highlighted ongoing weakness in Southern Europe. Verizon Wireless' "exceptional performance continues...it is a very good asset to own", Colao said at a press briefing in London. "If an offer comes in that is more advantageous than our current position then we will have to consider it…

Vodafone CEO Vittorio Colao on Tuesday played down suggestions that his company is planning to sell its 45% stake in Verizon Wireless, as the U.K.-based mobile giant's latest financial results highlighted ongoing weakness in Southern Europe. Verizon Wireless' "exceptional performance continues...it is a very good asset to own", Colao said at a press briefing in London. "If an offer comes in that is more advantageous than our current position then we will have to consider it…

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