Verizon Communications Inc. set the stage for the $130 billion buyout of Vodafone Group Plc’s stake in their U.S. venture two years ago, when it named a new chief executive officer: Lowell McAdam, a 20-year veteran of the wireless industry with long-standing ties to Europe.
Vodafone Group Plc is poised to exit the best investment it ever made, pocketing as much as $130 billion from the 45 percent it owns in U.S. mobile company Verizon Wireless and focusing its attention on Europe.
Vodafone Group Plc Chief Executive Officer Vittorio Colao was under shareholder pressure to sell assets when he took over after his predecessors’ decade-long takeover binge. This week, he showed that his patience paid off.
Vodafone Group Plc , the world’s largest mobile-phone company, reported a smaller-than-estimated decline in full-year profit as the company sold mobile data services at a faster pace than some European rivals.
Vodafone Group Plc , the world’s largest mobile-phone company, is ready to start talks to sell its 7 billion-pound ($11 billion) stake in SFR to Vivendi SA , the Daily Mail reported, citing people familiar with the matter.
Vodafone Group Plc , the world’s largest mobile-phone company, unexpectedly returned to service revenue growth after a year and a half, riding demand for Apple Inc. ’s iPhone in the U.K. and other markets.