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Evening Standard

Business

Simon English

RARE PHOTOS: Vodafone warns on profits and seeks e1 billion in cost cuts | Rare Historical Photos

Vodafone Europe Inflation Hyperinflation

NICK Read’s bit to transform Vodafone into a simpler, more dynamic business took a hit today as it warned that in some parts of Europe hyperinflation is leading to soaring costs.

Last week the CEO agreed to sell 50% of its mobile phone masts business to private equity, a deal welcomed by investors keen to see the sprawling company consolidate its assets.

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