Activist shareholders pressure Vodafone for overhaul

Vodafone faced more pressure from shareholders today after a former Marconi director led calls for a restructuring at the mobile phone group.

Efficient Capital Structures, which is owned by a group of investors including John Mayo – the former finance director of fallen telecoms equipment maker Marconi – has sent Vodafone a list of resolutions it wants to put to a shareholder vote at the company’s annual general meeting in July.