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The Guardian - UK
The Guardian - UK
Business
Gwyn Topham

Swedish activist investor targets Vodafone over weak performance

Vodafone Cevian BT
Vodafone storefront
Analysts have speculated that Vodafone may be pressured into buying other telecoms firms to make it more competitive with rivals BT and Virgin. Photograph: Toby Melville/Reuters

Vodafone has been targeted by the activist investor Cevian, prompting speculation that the telecoms giant will come under pressure to overhaul its faltering global business.

The Swedish investment firm has built up holdings in Vodafone in recent months, according to sources quoted by Bloomberg, privately piling pressure on the firm to improve its performance.

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