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Vodafone puts its business in Spain under review and opens the door to an exit

Date: March 1, 2024 Time: 23:28:57

Vodafone confirms that the situation in the Spanish market is “very difficult” and opens the door to a potential exit from the country after having initiated a “strategic review” of its position. The operator includes this fall as one of those that are on the table after the fiscal year has closed with one of 6.5% of total revenues, despite the improvement in the last quarter. “We will also be open to structural changes”, has assured the CEO, Margherita Della Valle.

At the Mobile World Congress (MWC) in 2019, the then CEO of the group, Nick Read, had to face the possibility of leaving Spain. “We have never considered selling the business in the country,” he admitted. Today, his successor in office has not been categorical and has kept all possibilities open for the local branch. She has done so after announcing that she is starting a “strategic review” of her presence in the Spanish market.

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Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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