Monday, April 4, 2011

Vodafone exits France, takes control in India

Vodafone has announced two major deals, offloading its stake in its French SFR, the second-largest French telecom provider, and taking full control of its Indian operator.

This continues the giant's strategy of streamlining its international holdings, divesting minority stakes and seeking full ownership of ventures where it takes the lead.

That doesn't provide much guidance or clarity about what Vodafone might ultimately want to do about its stake in Verizon Wireless. Some think it might divest, others think it might prefer a full merger with all of Verizon. Either step seems possible, based on what Vodafone already has done.

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