PRESS: Vodafone rings in changes at Global Enterprise unit

(Alliance News) - Vodafone Group PLC is undergoing a reorganisation of its Global Enterprise arm, ...

Alliance News 7 February, 2022 | 5:24PM
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(Alliance News) - Vodafone Group PLC is undergoing a reorganisation of its Global Enterprise arm, the Mail on Sunday reported over the weekend.

The overhaul of the Global Enterprise is codenamed "Project Galaxy". The unit provides telecommunications and IT services to large firms.

The company is reorganising its Global Enterprise arm, which provides services to large firms.

https://www.thisismoney.co.uk/money/markets/article-10479807/Vodafone-rings-major-revamp-global-client-arm.html

The Telegraph reported the move could open the door for Vodafone to sell its UK arm.

https://www.telegraph.co.uk/business/2022/02/07/vodafone-raises-prospect-abandoning-britain-project-galaxy-overhaul/

In January, Bloomberg reported that activist investor Cevian Capital had taken a stake in Vodafone, and the two had discussed how to boost the performance of the telecom operator.

Vodafone shares rose 2.4% to 137.40 pence each in London on Monday.

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Vodafone Group PLC 71.90 GBX -0.77

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