Vodafone CEO declines to comment on Spain deal speculation

LONDON: Vodafone chief executive Nick Read declined to comment on recent media reports that have reignited speculation that the company is in talks about a combination with Spanish rival MasMovil.

“I’m not going to comment on long-running speculation,” Read said on Wednesday after the company’s third-quarter trading update. “What I would say is I am very pleased with our performance in Spain.”

“I think what you could say is consolidation is probably needed in Spain,” he added.