29th Jun 2016 05:23
NEWBURY (Alliance News) - UK-based telecommunications giant Vodafone Group PLC said that it is considering moving its headquarters out of the UK, after the UK voters last week elected to leave the EU.
The company noted that it gained many benefits through the UK's EU membership, including the bloc's free movement of people and the benefits of a single legal framework throughout Europe.
The company said it isn't yet possible to gauge how these positive attributes of EU membership would be affected after the UK leaves the EU, a process that could take two years or more, making it impossible "to draw any firm conclusions regarding the long-term location for the headquarters of the group."
Vodafone said: "We will continue to evaluate the situation and will take whatever decisions are appropriate in the interests of our customers, shareholders and employees."
Copyright RTT News/dpa-AFX
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