Boston, MA 03/28/2014 (wallstreetpr) – The British multinational tycoon in telecommunications, Vodafone Group Plc (ADR) (NASDAQ:VOD) is growing strong with its acquisition and business strategies. The company is planning to strengthen its hold in the current market and simultaneously work in exerting its presence in the prospective and potential markets. Not only in the bigger frame but even at micro level, the Company is progressing in a robust manner.
Move towards acquisitions in Portugal
The company is all set to make some quick acquisition in Portugal after having done all necessary arrangements of cable assets in current markets. The focus of the Vodafone is current market oriented with investment in new countries and market as secondary approach. However, Vodafone doesn’t omit any chance of looking at smaller cable companies that are available for sale.
Vodafone Group Plc (ADR) (NASDAQ:VOD) bought Grupo Corporative Ono SA recently for $10 billion, which includes the debt too. It is one of the most productive deals as it gives Vodafone based in Newbury, England a whooping figure of 1.9 million customers situated in Spain, advancing support to its mobile services along with giving tough competition to its competitors.
The Numero Uno title
Vodafone emerged out as winner in the sector of Telecommunications Services. The 2014 team of All-Europe Executive that included United Kingdom’s most honored companies conducted the survey. Vodafone also received appreciation for topping the charts in the sector of investor relations program as well. The rank-list is formulated on the basis of the votes of 832 analysts from investment firm (buy-side), votes of portfolio managers and analysts from firms (sell-side). The article will be featured in April 2014 in the Institutional Investor magazine, which can be accessed online as well.
Deals by director
The Non Executive Director, Nick Land of the Vodafone bought on March 27, 2014 around 13K shares in Vodafone Group Plc (ADR) (NASDAQ:VOD). This has made the Director’s holding to 32,090 shares representing no percentage of the shares in issue.
