Nick Read

Vodafone takes hit in full-year results, but sees green shoots in Spain

Vodafone was hit by a perfect storm in its end of year results, leading the mobile and fixed telecom giant to cut its long-preserved dividend by 40% after it sustained a massive loss. While the company’s €7.6 billion loss was primarily due to a loss on disposal of Vodafone India (following the completion of the […]

Vodafone: no UK TV offering until broadband is ‘successful’

Vodafone will not launch a TV service in the UK until its fixed-broadband offering is “successful”, according to CEO Nick Read. Speaking to analysts after Vodafone unveiled its quarterly figures, Read said that Vodafone UK CEO Nick Jeffery had made “the right decision” in focusing on a broadband offering without TV for the time being. […]

Vodafone CEO to step down after 10 years

Vodafone chief executive officer Vittorio Colao is due to step down in October after 10 years in charge of the telecoms giant. In a succession statement released to coincide with Vodafone’s latest financial results, the Vodafone board announced that Colao will be replaced by group chief financial officer (CFO) Nick Read on October 1. Prior […]

Vodafone will invest in exclusive content ‘if necessary’

Vodafone will invest in exclusive content “if we need to” despite having a preference for non-exclusive deals, and plans to expand its presence and the reach of its TV services in “marginal markets”, according to Nick Read, the company’s CFO and executive director. Speaking to analysts after the company announced its year-end results last week, […]