Vodafone Dismantles Its Empire
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By Tony D’Altorio
Just over a year ago, disgruntled shareholders were on the march at the global mobile telecom giant, Vodafone Group (Nasdaq: VOD). They were displeased at the underperformance of the company, which had built a global telecom empire under its previous CEO, Arun Sarin. However, the empire building had only brought together a collection of poorly performing assets that were saddled with too much debt. The company’s current CEO, Vittorio Colao, listened to his shareholders. Stockholders wanted a slimmed-down company with a greater focus on its operations. So Colao has been slowly dismantling the empire that Mr. Sarin built over the last few years…
Vodafone Grows by Shrinking
Colao took a huge step in that dismantling last week when Vodafone sold its 44 percent stake in the French mobile phone company SFR to Vivendi S.A. (VIVHY.PK) for $11.4 billion. Vivendi already owned the other 56 percent of theComplete Story »
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