Vodafone Group Plc CEO Vittorio Colao

Vodafone Group Plc CEO Vittorio Colao

Simon Dawson/Bloomberg

Chief Executive Officer Vittorio Colao has been building up Vodafone’s business outside Europe with deals like last month’s acquisition of New Zealand’s TelstraClear Ltd., and consolidating assets in Europe, such as a network-sharing deal with Telefonica SA in the U.K., to save money.