Vodafone clarifies CEO's remark on Hungary unit
Vodafone Group announced today that it is not considering selling its Hungarian assets, in a statement meant to clarify CEO Vittorio Colao’s remark yesterday at a Barcelona conference.
Coalo was quoted by Reuters as saying yesterday that Vodafone would be open to selling off non-core assets such as its interests in Australia, Hungary and the Czech Republic, if it received the right offer.
Vodafone Group issued a statement today saying that Colao’s remark refer to the general princpile that Vodafone is always open to possible changes to its portfolio for the good of investors. Colao did not want to give the impression that the group had any definite plans to sell any of its local assets, the statement added.
During the conference, Colao talked about Vodafone's plan of becoming a full service telecoms provider, possibly expanding its business into fixed line broadband and television services, coupled with content providing.
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