Vodafone boss Nick Read today backed his growth strategy after the mobile phone giant delivered quarterly results in line with expectations.
Read is under increased scrutiny following a poor share price performance and this week's disclosure that activist investor Cevian Capital has built a stake in the group.
Vodafone's third quarter results showed revenues growth of 2.7%, up from 2.4% in the previous three months and a performance that Read said showed the “sustainability of our growth strategy and medium-term ambition”.
