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Vodafone Spain sells for 5 billion euros

Lucian

ULTIMATE Member
Vodafone sold the Spain branch to Zegona (UK hq-ed, but who knows who's really behind it).

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.

 
Makes sense to concentrate on the different parts of the business that actually is profitable especially if it means being able to concentrate their resources where it's doing well.

Maybe someone else will make use of the former infrastructure used by Vodafone Spain including spectrum such as Movistar, Yoigo or Orange or a completely new operator will come in?
 
Screenshot_20231031_143144.webp

That's quite a revealing statement indicating that Vodafone would prefer easy profits in an noncompetitive market, which potentially the UK would become with their proposed merger with H3G

Make of that what you will. To me it is another sign of Vodafone's decline.
I don't think you can say that when you see how many other markets that Vodafone or their subsidiaries are involved in.

Vodafone Investors, the board and top executives are demanding ever increasing annual profits, and the easiest way to achieve that is focus on noncompetitive markets where rinsing customers is possible.
 
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Mobile simply doesn’t have the profitability it once did in growing markets. Europe especially is a mature market with enough competitors. You only have to look around at what is happening with various MVNOs. Expect more sales and mergers.
 
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