Read reportedly left due to pressure from shareholders unhappy at the company’s poor performance in Germany, its largest market.ĭespite this, the pending merger between Vodafone’s UK operations and Three UK, owned by CK Hutchison Holding Ltd, is still said to be going ahead, with investor site Barron’s claiming that a deal worth £15 billion ($18.7 billion) is close to being finalized. Unfortunately, it will take time and require significant resources in articulating the new Vodafone to all users,” Pescatore added.ĭella Valle, formerly Chief Financial Officer, was only appointed Vodafone Group Chief Executive at the end of April following the departure of her predecessor Nick Read in December. “Change needs to happen and she is moving quickly. Liberty Global, the US-based parent company of Virgin Media O2, snapped up its own 5 percent stake in Vodafone earlier this year. Not satisfied with Virgin Media and O2 merger, Liberty Global takes 5% Vodafone stake.Parts of UK booted offline as Virgin Media suffers massive broadband outage.Sony Semiconductor sinks Simoleans into Raspberry Pi to advance edge AI.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |