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New Vodafone boss to cut costs, make more of masts

LONDON (Reuters) – Vodafone’s new chief executive (VOD.L) said he would cut costs and seek to maximize the value of its masts and towers to drive higher returns at the world’s second largest mobile operator after taking charge last month.

Replacing Vittorio Colao at the top of the British company after the Italian ran the group for 10 years, former finance director Nick Read also said he would freeze the dividend until its large debt pile fell.

“My new strategic priorities focus on … radically simplifying our operating model and generating better returns …
Reuters: Business News

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