The FTSE-100 telecoms giant has hired Akira Partners to help find a buyer for a minority stake in the division which focuses on internet-connected devices, Sky News learns.
News of Akira's appointment comes on the eve of Vodafone's full-year results, which will underline the scale of the transformation effort awaiting Margherita Della Valle, its new chief executive.She replaces Nick Read, who stepped down after an unhappy tenure punctuated by the appearance of strategic and activist investors on its share register.
According to Vodafone's latest annual report, its IoT service was established in 2008"and has grown to be the largest IoT connectivity provider globally".Nevertheless, the unit accounted for just 2% of Vodafone's €38.2bn of service revenues in its last financial year.
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