U.K.- listed mobile phone operator Vodafone ([[VOD]], [[VODAF]], [[VODPF]]) plans to spin off its towers business with one aim being debt reduction. In this article, I assess the likely impact of this move on the parent company. It’s positive but limited for now, and the market has priced it into the current share price in my view.
Vodafone: A Successful Phone Business with a Lot of Debt
Vodafone had a good run around the millennium, building by consolidation a pan-European mobile phone business with a strong brand and wide business spanning many countries. I always