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Locked [Economics]-Vodafone (VOD) share price forecast: Telecommunication company’s CEO steps down amid disappointing earnings results


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Vodafone sign on an building in cologne germany
Vodafone was responsible for the first ever mobile phone call made in the UK in 1985. – Photo: Tobias Arhelger/Shutterstock
Vodafone (VOD) CEO Nick Read is stepping down from the role after four years. The departure follows  a turbulent year for the telecoms giant after disappointing first half results and the VOD share price having fallen over the past few months. What does this mean for investors? 
In this Vodafone share price forecast we explore what’s been happening in the company, examine why the stock price has dropped and ask analysts for their predictions.
 

What is Vodafone?
The UK-based company operates mobile and fixed-line networks in more than 20 countries, with its largest market in Germany. Vodafone, which launched in the mid-1980s, was originally part of Racal, a British radar and electronics firm founded in 1950.

On New Year’s Day in 1985, Vodafone made the first ever mobile phone call in the UK. It now has more than 300 million mobile customers in Europe and Africa.

Vodafone was listed as an independent company on the London Stock Exchange (LSE) and New York Stock Exchange (NYSE) following the demerger of Racal and Vodafone in 1991. It trades under the ticker ‘VOD’.

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