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LONDON: Vodafone<\/a> is pursuing mergers with rivals in multiple European markets, spurred on by more favourable signals from regulators who have realised the value of network investment during the pandemic, Chief Executive Nick Read<\/a> said.
\"We are approaching consolidation with speed and resolve,\" he told reporters after Vodafone reported third-quarter numbers.
\"We are active on a number of fronts and we are seeing good engagement from our counterparties which confirms that we have a series of potential opportunities to shape the business with stronger assets in healthier markets.\"
The telecoms group, which has been targeted by activist investor Cevian Capital<\/a>, sees opportunities in Spain, Italy, Britain and Portugal, Read said.
Other parties would have to be pragmatic and realistic on valuation, he said, if deals were to happen. \"We will be realistic on the valuation of our business.\"
Reuters reported earlier this month that Vodafone and Iliad were discussing a tie-up in Italy.
A report in Spain on Wednesday said it was talking to MasMovil there, and other reports have previously linked the British company with Hutchison's Three in its home market.
Read said an industrial merger with a like-minded operator such as Orange or Deutsche Telekom would be the \"ideal option\" for the Vantage Towers business he spun out last year.
If that didn't materialise, there were other options such as a combinations with a tower company, he said.
Read declined to confirm that Cevian was on the register, but he said he had been talking about consolidation \"for years\".
\"The important moment was COVID, which we've been dealing with for over two years, in terms of setting a different dialogue with policy makers,\" he said.
Vodafone reported a 2.7% rise in third-quarter group service revenue, described by Read as \"solid\".
But there was no respite from intense competition in Spain, where it lost 53,000 mobile contract and 50,000 broadband customers, and in Italy, which recorded an eighth consecutive quarter of decline.
Shares in Vodafone, which are trading at the same level as 12 months ago, were 3.4% higher by 1043 GMT.
Read said Vodafone was \"firmly on track\" to meet its full-year expectations of 15.2 billion to 15.4 billion euros in adjusted core earnings and at least 5.3 billion euros of free cash flow.
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伦敦:沃达丰(Vodafone)正在寻求与竞争对手合并多个欧洲市场,促使在更有利的信号来自监管机构已经意识到网络的价值投资在大流行期间,首席执行官尼克读说。
“我们正接近整合速度和决心,”他告诉记者在沃达丰公布第三季度数字。
“我们正活跃在许多方面和我们看到好从我们的交易对手接触证实我们有一系列的潜在机会塑造健康市场的业务较强资产。”
电信集团的维权投资者的目标Cevian资本认为,机会在西班牙、意大利、英国和葡萄牙,读说。
其他各方必须务实和现实的价值,他说,如果交易发生。“我们将现实的估值业务。”
据路透社报道,本月早些时候,沃达丰(Vodafone)和《伊利亚特》正在讨论在意大利结盟。
西班牙周三的一份报告说,这是跟MasMovil那里,和其他报告曾与英国公司与和记黄埔的三个在其本土市场。
读说一个工业与志趣相投的运营商合并如橙色或德国电信将有利的塔的“理想选择”业务他去年剥离出来。
如果没有实现,有其他选择,比如组合塔公司,他说。
阅读拒绝确认Cevian注册,但是他说他已经谈论整合“多年”。
COVID“最重要的时刻,我们已经处理了两年,在与决策者设定不同的对话,”他说。
沃达丰(Vodafone)第三季度集团服务收入上升了2.7%,被解读为“固体”。
但在西班牙从激烈的竞争中没有喘息的机会,失去了53000手机合同,50000宽带用户,在意大利,也记录了八分之一个季度下降。
沃达丰股价,交易在同一水平上12个月前,1043 GMT时增加了3.4%。
读表示,沃达丰是“坚决正轨”达到152亿到154亿欧元的全年预期调整核心盈利和至少53亿欧元的自由现金流。
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