Vodafone chief executive officer Vittorio Colao said yesterday that the group would consider divesting additional non-core assets, including its operations in the Czech Republic, Hungary and Australia, is the price was right. Further, the CEO of the world’s second largest cellular operator by subscribers, behind China Mobile, also said Vodafone may move to acquire ‘exclusive media content’ in a bit to attract new users and retain existing ones, as it looks to become a full service provider. Although a decision on this is yet to be finalised, with Vodafone unconvinced on the need to buy up expensive content rights, Colao is considering a raft of options as he looks to restructure the company from a vast mobile-only provider into a smaller, more focused operator capable of delivering fixed, mobile and TV services.
Speaking at the annual Morgan Stanley Technology, Media and Telecoms Conference in Barcelona, Colao said: ‘We constantly check with possible parties interested in some of our less core assets,’ meaning its operations in the above-named countries. ‘We would consider sales but we are not distressed sellers so therefore we must sell at full value. Otherwise we keep them and manage the cash.’