How Will Vodafone (VOD) Stock React Today To CEO's M&A Comments?

NEW YORK (TheStreet) -- Vodafone (VOD) CEO Vittorio Colao said the mobile communications company would consider a transformational M&A deal at the right price in the future, the Financial Times reports.

Colao said that efforts to invest in the company's networks as well as wider consolidation moves in the industry would leave Vodafone in a better position to engage in dealmaking in the longer term.

Vodafone has been linked with a number of large telecoms and media groups such as Liberty Global (LBTYA) and AT&T (T) in the past year after the company sold its stake in Verizon's (VZ)  U.S. business, the Times said.

 
Shares of Vodafone are down 0.43% to $33 in early morning trade.
 
VOD Chart VOD data by YCharts

 

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