Deals
Vodafone CEO Focuses on Deals in U.K., Italy, Spain and Portugal
- Vodafone sees consolidation as top route to improve returns
- Activist fund Cevian has engaged Vodafone in recent months
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Vodafone Group Plc is hunting for mergers in the U.K., Spain, Italy and Portugal, according to Chief Executive Officer Nick Read.
“I just stand back and look at markets where I see a very strong case for consolidation without the need for punitive remedies,” Read said on a call with reporters following a third-quarter trading update on Wednesday.