Lucian
ULTIMATE Member
Vodafone sold the Spain branch to Zegona (UK hq-ed, but who knows who's really behind it).
Make of that what you will. To me it is another sign of Vodafone's decline.
www.reuters.com
Vodafone Chief Executive Margherita Della Valle, who has vowed to reshape the UK telecoms group to make it more profitable, said the sale would enable it to focus its resources in markets with "sustainable structures and sufficient local scale".
Vodafone has struggled to grow in the highly competitive Spanish market, and Della Valle launched a strategic review of the Spanish unit earlier this year.
Make of that what you will. To me it is another sign of Vodafone's decline.
Vodafone to sell Spanish arm to Zegona for $5.3 billion
Vodafone will sell its Spanish business to Zegona Communications for 5 billion euros ($5.30 billion), marking the second major deal by its new CEO and an exit from a market that has dragged on performance for years.























