Vodafone Group decides against spin-off of emerging market operations

12 Nov 2015

Vodafone Group has reportedly opted against spinning off its entire emerging markets unit, including operations in India, Africa, New Zealand, Qatar and Turkey, Reuters reports, citing comments made by the company’s chief executive, Vittorio Colao. Speaking at an investor conference, Colao confirmed that following recent discussions regarding the possible move, the group’s board had decided a split would not create value. Such a development has not been completely ruled out, however, with the executive saying: ‘We’re open-minded. If one day there is a better option we will look at it.’

Meanwhile, with regards to the discussions between Vodafone Group and Liberty Global which were halted in September 2015, Colao said that future negotiations had not been ruled out. With the initial talks reportedly having faltered over failure of the two groups to reach an agreement on the value of the assets, he noted: ‘There is strategic rationale for combining fixed and mobile assets and getting the synergies out … Whether things happen or not, you never know.’

United Kingdom, Liberty Global, Vodafone Group