http://www.businessspectator.com.au/bs.nsf/Article/vodafone-telstra-optus-vodafone-news-corp-cisco-me-pd20120316-SERE8?opendocument&src=idp&WELCOME=AUTHENTICATED%20REMEMBERVodafone Hutchison Australia
Could Vodafone Hutchison be thinking about getting out of the Australian market? That’s what has been suggested by The Australian, with the newspaper of the understanding that a brief information memorandum has been circulated amongst potential buyers from Europe and Asia. First and foremost, the company’s joint owners, Vodafone Group and Hutchison Whampoa, both deny the suggestion, although one of the sources in the story anticipated as much and said the company is definitely being put forward as an asset for sale.
It’s believed that Qtel, Etisalat, Korea Telecom, NTT Docomo and China Telecom have seen the sales document. Quite what they’d be getting is hard to say, because Vodafone’s reputation in Australia has been so comprehensively destroyed by their network issues that it would take a significant reduction in prices or PR campaign to shift the momentum away from Telstra and Optus.
HTA Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held
