All Nick Read articles
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Strategy & ChangeAll eyes on Read as e& acquires $4.4bn Vodafone stake
Chief Executive Nick Read ‘blindsided’ by announcement ahead of Tuesday’s annual results call.
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People
Fries outstrips Read on earnings front
Liberty Global CEO Mike Fries took home $62m in FY21, putting him ahead of peers at fellow large telcos including Vodafone’s Nick Read.
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People
Vodafone Germany names new CEO as Ametsreiter confirms exit
Hannes Ametsreiter to pursue private investment career from July, when Microsoft’s Philippe Rogge will take the Vodafone Germany helm. Rogge, President for Central & Eastern Europe at Microsoft, chosen for his “pan‑European strategy”, says Group CEO Nick Read.
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Network & Infrastructure
Vodafone fibre JV rumours resurface in Germany
UK‑headquartered Group reportedly talking to investors. Maximum investment said to be capped at €10bn. Off‑balance sheet option wheeled out again.
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Public Affairs
Álvarez-Pallete: scrap ePrivacy, improve GDPR
Telefónica Executive Chairman José María Álvarez‑Pallete calls on the European Commission to withdraw its proposed ePrivacy Regulation in favour of better enforcement of GDPR. ePrivacy ambitions of “harmonised” single market will not come to fruition, says the Spaniard. Calls for improved data legislation to compete with Asian and US ...
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Public Affairs
Álvarez‑Pallete lambasts regulators for being stuck in the past
If WhatsApp et al are not regulated, then neither should Telefónica, he says. Álvarez‑Pallete accuses Spanish regulator of dragging its feet over reforms.
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Network & Infrastructure
Vodafone continues 5G drive with German standalone launch
Vodafone Germany first to launch SA network in country. Claims more than ten million customers can already access services from home. Partners with DAZN to test 5G mobile streaming of the German Bundesliga. Moves continue notable European 5G ramp-up for Vodafone in 2022.
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Strategy & Change
Vodafone to roll out hybrid working, shrink Newbury HQ
Vodafone seeks sale and leaseback options for The Connection HQ, new Manchester and Newark hubs, and repurposed Stoke‑on‑Trent site all part of shift to permanent “blended working” model. New approach to work underpinned by “flexibility and trust”, instilling lessons learnt under pandemic conditions.
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M&A
Vodafone Spain faces new challenge as MÁSMÓVIL turns to Orange
Planned JV would become biggest mobile operator in Spain with more than 20 million subscribers. Vodafone left with fewer options in Spain as two nearest rivals join forces.
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Strategy & Change
Elsewhere in Vodafone Europe: Spain overtakes Orange in retail
Spanish OpCo reclaims second spot from Orange in retail sector.
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Strategy & Change
M&A? We’re on it, insists Vodafone CEO
Activist investor Cevian Capital reportedly wants Vodafone management to push harder on in‑market consolidation. Read reiterates claim that “pragmatic” and “open‑minded” M&A has always been the plan under his watch, with returns‑focused deals in Italy, Portugal, Spain, and the UK in the crosshairs. Vodafone knocks back Iliad bid for ...
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Financial & Performance
Q3 FY21–22: Read asserts “proactivity” on M&A
Management seeks to seize back agenda amid growing City pressure for urgency on assets sales. Minimal progress appears to have been made on Read’s long‑term push for four-to-three consolidation. German operation unsurprisingly draws questions following embarrassing missteps.
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Events
European fragmentation takes centre stage at MWC
Vodafone execs Nick Read and Joakim Reiter take part in MWC 2022 keynotes to deliver consistent messages on “life or death” matter of digital transformation. Pair demands government collaboration once again. Cites Spain’s digitalisation approach as a “blueprint” for countries throughout Europe.
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Public Affairs
Tearful DT tech boss urges sector to “be human”
Claudia Nemat calls for industry to step up on sustainability and human‑centred tech development, amid wave of global crises. DT adapts MWC presence in light of Ukrainian situation. “Intensive discussions” took place over event withdrawal. Robbie Williams demo cancelled.
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Public Affairs
EU operator heavyweights want media players to pay their way
Top brass at Deutsche Telekom, Orange, Telefónica, and Vodafone get shirty (again) over network investment “burden”. Sign off on open letter accusing video streaming, gaming, and social media groups of ‘piggybacking’ unfairly. Urgently call on European legislators to introduce rules for a “more proportionate” way of divvying up ...
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Network & Infrastructure
DT lays siege to Vodafone Germany’s cable MOB redoubt
Vodafone just can’t catch a break, with even German stronghold tormented by reinvigorated DT in aggressive housing association fibre overbuild play. Double whammy as new laws tear open cushy supply agreements. Vodafone banks on client ennui to minimise imminent damage. DT dismissive, even derisive, of Vodafone’s defence.
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M&A
Iliad makes move on Vodafone Italy
France-based Iliad Group said to have tabled an offer to Vodafone board last week. Vodafone share price gets short-lived bounce. Read’s self-styled “proactive” approach to M&A under the spotlight (again).
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Financial & Performance
Vodafone’s Q3 deciphered: glad-handing activists; German misfire; IoT, Africa fintech blossom
Management seeks to seize back agenda amid growing City pressure for urgency on asset sales. CEO Nick Read assures Group will be “proactive” in finding returns-focused deals. German user experience misstep takes gloss off solid set of numbers. Price rises planned across Europe, in response to rising costs.
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Financial & Performance
Vodafone under pressure from activist investor to boost shareholder returns
Bloomberg reports Cevian Capital has built up stake in Vodafone. Unnamed sources say Swedish investment firm putting pressure on Read and management team to move more aggressively on M&A. Accuses Vodafone board of lacking experience and strategic know‑how in telecoms. Vodafone share price gets bounce after news breaks of ...
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Strategy & Change
Vodafone in the market for London real estate
Reports indicate desire for more office space in London alongside Paddington HQ. Growing software engineering team seemingly looking for desks, with Future Ready hybrid‑working model rolling out in parallel.
