- Vodafone (VOD +2.2%) CEO Vittorio Colao: "We have a strategy and we are putting a lot of money into it, but if somebody comes and says, ‘You have really beautiful assets,’ then I will agree."
- AT&T (T +0.2%) has been reported more than once to be weighing a bid for Vodafone, now that the giant international carrier has sold its Verizon Wireless stake for a $130B windfall.
- Colao also says Vodafone is seeing "very early signs" of improvement in recession-hit Spain, where the company's sales have been steadily declining, but also admits Vodafone has "lost a bit of market share" in the country.
- He adds Vodafone is open to M&A opportunities in Spain and other European markets - EU regulators are encouraging cross-market consolidation - as well as in India, where Vodafone is set to buy out its minority partners. Other EU carriers are also looking to get bigger.
- Yesterday: Vodafone's capex could stay elevated, CEO outlines ambitious goal
Vodafone rallies; CEO suggests company open to acquisition offer
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| Symbol | Last Price | % Chg |
|---|---|---|
| VOD | - | - |
| Vodafone Group Public Limited Company | ||