Proactive Investors - Vodafone Group PLC (LSE:LON:VOD) can’t be faulted for lack of effort recently
Since taking over the telco almost two years ago, chief executive Margherita Della Valle has sold its Spanish and Italian businesses and, subject to regulatory approval, merged its UK arm with Three.
Alas for investors it’s not made a jot of difference to the ailing share price and it’s hard to see anything that might be said in next week's third-quarter update changing that.
Of the knowns, debt remains massive and revenue growth elusive.
Vodafone’s biggest market Germany continues to be a drag. Merger or no merger the UK is fiercely competitive and expansion plans in Romania are hardly going to move the dial.
The share price is 72p currently, barely changed from a year ago