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’s planned sale of a stake in Verizon Wireless would mark its second deal topping $100 billion, giving the British carrier another shot at transforming itself and compensating investors who suffered a decade of writedowns.
Vodafone Group Plc, the world’s largest mobile-phone company, reported better-than-expected service revenue growth for the fiscal first quarter as demand for phones that can surf the Web bolstered data sales.
A year ago, James Murdoch was promoted to News Corp.’s deputy chief operating officer, moving ever closer to succeeding his father as head of the media company. Now he’s struggling to keep his career alive.
Egypt’s government may put off a fourth mobile-phone license following the ousting of the former regime, potentially prompting Telecom Egypt to consider a new bid for the rest of Vodafone Group Plc ’s local unit.