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Vodafone Group Public Limited Company Message Board

  • bpoil_co bpoil_co Nov 20, 2012 11:34 AM Flag

    VODAFONE Australia’s boss Bill Morrow stated that he requires “billions of dollars more” from major shareholders

     

    Vodafone Group plc (NASDAQ:VOD): VODAFONE Australia’s boss Bill Morrow stated that he requires “billions of dollars more” from major shareholders as a means to turn the company around, as tries to repair its struggling network to return it to profitability. Yesterday, as he spoke at an American Chamber of Commerce lunch in Sydney, Mr Morrow reiterated his requests for regulatory intervention in the mobile industry as a way curb Telstra’s dominance, and he questioned whether or not there were enough profits to sustain three main players. Morrow stated, “I’m asking these shareholders who have put billions of dollars into Australia, I’m asking them for a lot more, billions more. To justify that I need to give them a return on their investment.”

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