Vodafone Pledges Better Returns by Tackling Weaker Parts of Business as Quarterly Revenue Rises 2.7 Percent
Vodafone, the telecoms group targeted by activist investor Cevian Capital, said it was working to improve shareholder returns by tackling weaker parts of its business, as it reported a rise in quarterly revenue.Chief Executive Nick Read said Vodafone had delivered a "solid quarter," with a 2.7 percent rise in third-quarter group service revenue, including consistent growth in its biggest market Germany.Analysts, however, said investors were focused on consolidation opportunities in markets such as Italy and Spain, which…