All the signs are that Vodafone New Zealand is doing rather well, but is that enough to ward off a sale?

Maybe not, if Telecom TV is to be believed. By July 24, a group of investors will present a set of demands at Vodafone's annual general meeting. Apparently, Vodafone hasn't exactly been shining when it comes to sharemarket returns so they want to release value to the tune of £38 billion, by forcing Vodafone to sell its stake in US operator Verizon and... perhaps also some of the smaller parts of the empire.

Vodafone New Zealand, doing well in a stitched-up market, would fetch a pretty penny if sold. There's been some speculation that Telstra is kicking Vodafone NZ's tyres but would Sol commit to huge capital expenditure like that for a small market here? It doesn't seem likely.