director: The analysis sounded semi-credible because he had been the telephony giant's finance director, according to The Guardian. The shares enjoyed a rare good day. Defying the sceptics, he came out fighting the following month and declared the distribution to shareholders to be affordable. Six months later, Read has returned to his calculator and the divi is being slashed, or rebased in the silly corporate-speak, by 40%. What's changed Nothing solid. Rather, Vodafone's boardroom has been infected by caution about debt. The company hit its operational and cashflow targets for the year and the grumble about prices in the German 5G spectrum auction is a distraction; aggressive bidding for capacity is par for the course in the mobile game.
(news.financializer.com). As
reported in the news.
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