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Vodafone (VOD) shares sink 2.9% in London after the company agreed to pay €1.4B for Dutch...

Vodafone (VOD) shares sink 2.9% in London after the company agreed to pay €1.4B for Dutch 4G spectrum in an auction that raised €3.8B in total from KPN, T-Mobile and Tele2, as well as from Vodafone. Investors are concerned about the amount operators are going to have to shell out in auctions across Europe, although cash-strapped governments are probably delighted.
Comments (1)
  • Sometimes you have to step one step backwards to go two forward. My bigger issue is the Netherlands aren't growing all that much (like New Zealand, VOD'S recent entry after exits in Poland and Egypt...) so, why does VOD sell its investment in China then invest significantly in a declining western Europe? (Yes, we know the argument they only controlled 5%, but 5% of the wireless subscription base less competition in China is still huge).

     

    It is these management 'issues' that continually dog investors and rational people everywhere when it comes to the "history according to Vodafone".

     

    That said, I'm still long VOD, and if it falls below $25 it the stock to buy at the moment.
    17 Dec 2012, 01:28 PM Reply Like
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