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Stock impact report

Shrunken Vodafone has narrow path to growth [Reuters]

Vodafone Group Plc - American Depositary Shares each representing ten Ordinary Shares (VOD) 
US:NASDAQ Investor Relations: vodafone.com/content/index/investors.html
Company Research Source: Reuters
LONDON, May 2 (Reuters Breakingviews) - Margherita Della Valle has trimmed Vodafone to her liking. The CEO of the British telecom operator has agreed to sell the group's stuttering and divisions for a total of 13 billion euros. It will use part of the proceeds to bolster returns to shareholders. For future growth, Della Valle is counting on selling more services to corporate clients, a recovery in Germany and fast growth at the group's African operations. That may not be quite enough to close a stubborn valuation gap. Vodafone is a shadow of its former self. Who remembers that it was the architect in 2000 of the largest corporate merger in history – the of Germany's Mannesmann, which created the then world's largest telecom operator? It has now become the showcase for a troubled European telecom industry caught between the fierce competition favoured by the region's regulators, the need for massive investment in new technologies, and low profitability. And in spite of a strategy sh Show less Read more
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