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Vodafone outshines BT

Vodafone outshines BT

When regulation and competition constrained the dominance of Britain’s telecoms giants in the early 2000s, Vodafone (VOD) and BT (BT.A) embarked on very different paths. The former looked overseas and focused on expansion in the underserved European and Indian markets. The latter went into the consumer space, taking on Sky (SKY) in pay-TV and – after buying EE in 2014 – O2 and Three in the world of mobile phones.

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