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Vodafone hires Morgan Stanley to weigh options for its Spanish unit – Expansion
2023.06.21 03:42
© Reuters. Shoppers walk past a Vodafone store in London, Britain, June 14, 2023. REUTERS/Toby Melville/FILE PHOTO
MADRID (Reuters) – Britain telecoms company Vodafone (NASDAQ:) has hired investment bank Morgan Stanley (NYSE:) to evaluate the options for its Spanish unit, Spanish newspaper Expansion reported on Wednesday citing unidentified market sources.
The company has started a strategic review on the future of its Spanish unit and its CEO Margherita Della Valle said last month the company’s management is open to “structural change”.
A Vodafone spokesperson in Madrid declined to comment and Morgan Stanley did not immediately return a telephone call seeking comment.
