Activist Investor Coast Capital Builds Stake in Vodafone
- Coast Capital ‘long-term supportive’ of Vodafone management
- Investor still adding to Vodafone stake, criticizes regulators
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Coast Capital has built up a stake in Vodafone Group Plc, becoming at least the second activist investor to bet on the British telecommunications carrier in recent months.
The investment firm has amassed a holding in Vodafone and is still adding to its position, Coast Capital founding partner James Rasteh said in an interview Monday. Coast Capital backs the strategy of Vodafone’s top executives but is critical of regulatory moves that have crimped the company’s profits in some areas, he said.