Close
Close

Published

India stabilizes, but Vodafone faces challenges in many other markets

Vodafone’s largest market in subscriber terms, India, is stabilizing after the onslaught on its business of new entrant Reliance Jio, and its subsequent merger with Idea Cellular (see separate item). In its most recent quarter, Vodafone reported narrower losses in India and the economies of scale enabled by the Idea marriage should help it to enter the 5G era with a more solid financial basis. However, just as one problem child is settled down, others are causing headaches for the group and new CEO Nick Read has cut the dividend for the first time since 1990 (from €0.15 per share to €0.09) as 5G-related costs mount up; Italy, Spain and South Africa perform badly; a merger plan in Australia is…

Close