Vodafone Group Plc chief Vittorio Colao said he could not rule out an exit from the United States, a day after posting results showing the Verizon Wireless business there has become the main growth engine for the British group. Speaking in Barcelona at a conference organised by investment bank Morgan Stanley, Colao said the Vodafone board regularly reviews what to do with its stake in Verizon Wireless and would continue to do so.Vodafone owns 45 percent of Verizon Wireless and Verizon Communications Inc owns the rest, and shareholders from both sides have questioned whether Vodafone will want to remain in an asset that it does not control.The two parents have for instance clashed in the past over the payment of a dividend."Verizon Wireless is in the biggest, most attractive market in the world, and it's the leading company in terms of management and it is still going very well," Colao told the technology, media and telecoms conference.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS fell by 1.51% or $-0.25/share to $16.27. In the past year, the shares have traded as low as $12.26 and as high as $21.19. On average, 21733100 shares of MS exchange hands on a given day and today's volume is recorded at 8910377.
Vodafone Group Plc (Vodafone) is a mobile communications company operating across the globe providing a range of communications services. Shares of VOD fell by 0.6% or $-0.153/share to $25.54. In the past year, the shares have traded as low as $25.63 and as high as $30.07. On average, 6704810 shares of VOD exchange hands on a given day and today's volume is recorded at 7425615.
Verizon Communications Inc. (Verizon) is a holding company. Shares of VZ fell by 0.02% or $-0.01/share to $42.53. In the past year, the shares have traded as low as $35.32 and as high as $48.77. On average, 13202700 shares of VZ exchange hands on a given day and today's volume is recorded at 4917778.
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