Vodafone finds novel investment to make money off its suppliers | 2019-03-20 | daily-sun.com

Vodafone finds novel investment to make money off its suppliers

19th March, 2019 11:22:37 printer

London: Big companies often leave their suppliers hanging for weeks without pay, but Vodafone Group is taking this a step further - it is investing in a fund that makes money off the delay.

The British phone operator poured one billion euros (S$1.5 billion) into the 2.4 billion euro fund run by beleaguered Swiss asset manager GAM Holding AG, which generates returns by paying suppliers early if they accept less than they are owed, report agencies.

The fund is full of invoices from many of Vodafone's 15,000 vendors of anything from antenna systems to furniture, according to three people with knowledge of the investment, who declined to be identified because the data is private.


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