Browsing: Nick Read

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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.

World
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