Vodafone’s subsidiaries have yet to gain much from their parent’s huge size, says Robin Bienenstock, an analyst at Bernstein Research.

沃达丰的子公司仍然要依赖它们巨大的母公司，伯恩斯坦研究机高分析师鲁宾 拜恩斯托克说道。

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To be sure, given the raft of cuts to dividends, some industry watchers, such as Bernstein analyst Robin Bienenstock, think more reductions are unlikely.

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