Vodafone’s Chief Executive Vittorio Colao will step down from his position in October, after completing 10 years in his post.

He will be succeeded by finance director, Nick Read. During his term, he has taken Vodafone out of United States with a USD 130 billion exit from a joint venture with Verizon, agreed to merge its operations with in India with Idea Cellular and has also inked a pact to buy Liberty Global’s cable TV and broadband networks in Germany and Eastern Europe.

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