Tuesday, July 17, 2007

UPDATE 1-Vodafone faces renewed criticism on strategy, pay

(Reuters) - Efficient Capital Structures , an activist investor
which has called on Vodafone to return up to 38 billion pounds
to shareholders by spinning off its 45 percent
stake in U.S. joint venture Verizon Wireless and issuing bonds,
said the company had no clear strategy in the United States.




It was responding to a report in the Financial Times
newspaper that Vodafone had considered buying its joint venture
partner, Verizon Communications .


Read more at Reuters.com Mergers News

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