Vodafone CEO Sarin Says No Intention To Sell U.S. Stake
Vodafone Group PLC still has no intention to sell its 45% stake in US operator Verizon Wireless, Chief Executive Arun Sarin said in a conference call on Monday.
Sarin also said the company expects no final clarity on regulatory issues related to roaming charges until the end of the calendar year and thus sees no impact on its financial results this year.
Vodafone said its roaming prices will continue to decline in the next few months.
Sarin also said the group has now completed the restructuring of its headquarters and it will update investors on the performance of its recently acquired Turkish business in November.
-Aude Lagorce; 415-439-6400; AskNewswires@dowjones.com
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Posted to the site on 24th July 2006