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Kumar has held a number of roles within the telecoms industry Vodafone Group has confirmed the appointment of Vinod Kumar as chief executive officer of Vodafone Business. Kumar begins the role on September 2 and takes over from Vodafone Group CEO Rest of World Vivek Badrinath, who has held the interim role since March. Kumar
Director Mats Granryd calls for “security and trust”
UK arm of the business reported a loss of €182 million (£158.6m) in mobile customer revenues as Europe as a whole reports a 17.6 per cent loss in profit
The current CEO will be succeeded by chief financial officer Nick Read from October 1
Rival bosses agree with Olaf Swantee they have been let down in relation to spectrum price rises and geographic coverage assurances
Operator has “momentum” after quadrupling its share of market at expense of its rival
Operator’s CFO Nick Read tells Mobile News it doesn’t make the profits to justify paying it
CFO Nick Read confirmed that British operator paid more than £360 million in “direct taxes” on £41 million profit
He says regulators should make the change following confirmation of BT’s £12.5 billion purchase of EE, claiming the market would be uncompetitive and that it could be tempted to restrict the market
Minimal UK profits and heavy investment in stores and 4G among reasons to justify decision