Vodafone rallies; CEO suggests company open to acquisition offer

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

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Comments (2)
  • Debutant
    , contributor
    Comments (2815) | Send Message
    That's a good start!


    We sold part of the company to VZ in the USA, and I have no objections to sell the rest to another buyer. VZ will pay me a fortune in the 1Q of 2014, and, for the remainder of the company I would be more than happy to receive an equally rewarding windfall from AT&T or someone else.


    Meanwhile I'll be collecting my VOD dividends. Yay!
    21 Nov 2013, 03:09 PM Reply Like
  • LennyJ1952
    , contributor
    Comments (30) | Send Message
    A shareholder friendly CEO, who runs his company well. What a find!
    21 Nov 2013, 06:05 PM Reply Like
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