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 plans to use Kabel Deutschland Holding AG, the cable company it bought last year for more than $10 billion, as the “core” of its fixed- line business in Germany and potentially other countries, Chief Executive Officer Vittorio Colao said.
Vodafone Group Plc ’s $6.5 billion sale of its stake in China Mobile Ltd. is the biggest divestment since Chief Executive Officer Vittorio Colao took charge in 2008. Investors are looking to him for more disposals.
While on safari in Tanzania last month, tracking the usual assortment of giraffes, zebras and lions, Vodafone Group Plc Chief Executive Officer Vittorio Colao had to stop for calls and e-mails on one of the biggest corporate transactions on record.