Report
Stephane Beyazian

Vodafone : The activist scenario to put pressure on Nick Read

>Activist move led by Xavier Niel for a break-up? - The acquisition of 2.5% is motivated, as we see it, by: (i) the aim of pushing for a disposal of Vodafone Italy to Iliad (rejected by Vodafone in February 2022 at a price of € 11.3bn) and (ii) the potential revaluation of Vodafone. A friendly approach is still possible, but we would be surprised if it succeeded, while the acquisition of 2.5% will not be enough for a presence on the board. The best option for Xavier N...
Underlying
Vodafone Group Plc

Vodafone Group provides mobile and fixed telecommunication services including: access charges, voice and video calls, messaging, interconnect fees, fixed and mobile broadband and related services such as providing televisual and music content, connection fees and equipment sales. Co. provides a range of consumer products and services including mobile, fixed voice, broadband and television, financial as well as other services to operators outside its footprint. Co. also provides a range of enterprise products and services including total communications such as mobile, fixed and a suite of converged communications services, internet of things, cloud and hosting and carrier services.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Stephane Beyazian

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