Browsing: Nick Read

Vodafone cuts dividend after revenue falls

Vodacom Group parent Vodafone Group’s dividend has cracked under the strain of falling revenue, soaring spectrum costs and a $21-billion acquisition, in a grim reality check for Europe’s struggling phone industry.

Vittorio Colao steps down as Vodafone CEO

Vodafone Group CEO Vittorio Colao is leaving after a decade of retreating from aggressive global growth in favour of the European market, handing the reins to company veteran Nick Read. Colao, 56, will depart from the