Vodafone Hutchison Australia (VHA) has been given the go-ahead by shareholders for a multi-billion dollar strategy aimed at turning the cellco’s fortunes around, The Australian reports. A strategic plan put forward by VHA CEO Bill Morrow, coupled with a request for funding, has been approved by both of the operator’s 50/50 owners, UK-based Vodafone Group and Hong Kong’s Hutchison Whampoa Limited (HWL). It has been suggested that the pair will provide for investment of as much as AUD2 billion (USD2.1 billion) to refinance VHA, though the report cites an unnamed spokeswoman for the cellco as saying that that figure was simply speculation
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OVETEL VHA shareholders approve turnaround plan
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