VOD.L - Vodafone Group Plc

LSE - LSE Delayed Price. Currency in GBp
161.00
-0.30 (-0.19%)
At close: 4:35PM BST
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Previous close161.30
Open160.18
Bid160.88 x 0
Ask160.90 x 0
Day's range160.06 - 162.90
52-week range1.50 - 1,602.00
Volume34,200,219
Avg. volume84,237,513
Market cap43.097B
Beta (3Y monthly)1.27
PE ratio (TTM)N/A
EPS (TTM)-28.20
Earnings date12 Nov 2019
Forward dividend & yield0.08 (4.98%)
Ex-dividend date2019-06-06
1y target est2.01
  • Vodafone to reduce store footprint by 15% - CEO
    Reuters

    Vodafone to reduce store footprint by 15% - CEO

    Vodafone will reduce its store footprint by 15%, chief executive Nick Read said on Tuesday, as the telecoms firm makes better use of data to optimise its store estate. Vodafone has around 5,000 stores in Europe.

  • Financial Times

    Spain’s Cellnex to buy Arqiva telecoms unit for £2bn

    Cellnex Telecom is to buy Arqiva’s telecoms unit for £2bn in a deal the Spanish company said would make it the largest independent tower company in the UK. The sale is the latest in a series of global tower deals across the world as telecoms companies look to offload their masts to infrastructure funds and specialist companies. It is also likely to herald further tower consolidation in the UK.

  • Financial Times

    Vodafone to close 1,000 shops across Europe

    Vodafone is to shut 1,000 shops as part of an overhaul of its retail estate. The telecoms company operates 7,700 stores across Europe but wants to change its role on the high street to reflect changing consumer behaviour. Nick Read, chief executive, said it also expected to transform roughly 40 per cent of its stores.

  • Vodafone tests new network tech in UK in challenge to 'big three' suppliers
    Reuters

    Vodafone tests new network tech in UK in challenge to 'big three' suppliers

    Vodafone is testing innovative open access radio technology in Britain - a first for Europe - in a move that could break the grip Huawei, Ericsson and Nokia hold on the telco equipment market. OpenRAN, which has been developed by Vodafone and Intel , standardises the design of hardware and software in the infrastructure, masts and antennae that make up the radio access network that carries mobile calls and data. Vodafone, the world's second largest mobile operator, has trialled the technology in laboratories in South Africa and deployed it in Turkey to deliver 2G and 4G services to customers in both urban and rural areas.

  • Australian watchdog hurt competition by barring Vodafone, TPG merger-telcos
    Reuters

    Australian watchdog hurt competition by barring Vodafone, TPG merger-telcos

    Australia's antitrust regulator has hurt competition by blocking a A$15 billion ($10 billion) merger between the nation's third- and fourth-largest telecoms providers, the companies said in court on Tuesday as their legal appeal got underway. The Australian Competition and Consumer Commission (ACCC) opposed in May a combination of TPG Telecom Ltd and the local joint venture of Britain's Vodafone Group PLC on the grounds it would eliminate a potential fourth mobile network competitor. A coming together of the companies would actually encourage competition but "the pro-competitive effects of this merger are imperilled by the ACCC's opposition to it", Vodafone lawyer Peter Brereton said.

  • Reuters

    UPDATE 1-Italy approves use of special powers over 5G supply deals

    Italy's new government on Thursday approved its use of special powers in supply deals for fifth-generation (5G) telecom services by a number of domestic firms with providers including China's Huawei and ZTE Corporation. A government source told Reuters at the time the decision to strengthen Rome's so-called "golden powers" reflected concerns over the potential involvement of Chinese equipment makers Huawei and ZTE in the development of 5G networks. The United States has lobbied Italy and other European allies to stay clear of Huawei equipment and to also pay close scrutiny to ZTE, saying the vendors could pose a security risk.

  • Vodafone UK appeals move to ease price caps on BT business lines
    Reuters

    Vodafone UK appeals move to ease price caps on BT business lines

    Vodafone UK is seeking to overturn a move by regulator Ofcom to relax restrictions on how much BT can charge for business fibre connections, saying it will result in higher bills for companies, universities and hospitals. Ofcom had already eased price regulation in central London in a review in 2016, saying BT did not have significant market power. It has now relaxed the restrictions in other cities where BT faces two or more rivals, such as Birmingham, Bristol, Edinburgh, Glasgow, Leeds and Manchester.

  • Facebook, Ex-Vodafone CEO Find Common Ground in Meesho
    Market Realist

    Facebook, Ex-Vodafone CEO Find Common Ground in Meesho

    Facebook (FB) has joined with Naspers (NPSNY) and former Vodafone (VOD) CEO Arun Sarin to inject $125 million of fresh capital into Meesho.

  • Why Vodafone Shares Rose 11% in July
    Motley Fool

    Why Vodafone Shares Rose 11% in July

    The company announced passable first-quarter results and an interesting reorganization.

  • How 5G Is Powering Nokia’s and Ericsson’s Performances
    Market Realist

    How 5G Is Powering Nokia’s and Ericsson’s Performances

    5G technology is beginning to have a noticeable mark on Nokia's (NOK) and Ericsson's (ERIC) financial results.

  • Reuters

    IBM and other companies launch new blockchain network for supply management

    International Business Machines Corp announced on Monday a new blockchain network aimed at improving manual and cumbersome supply chain management. Supply chain management involves overseeing the flow of goods and services, such as tracking the movement and storage of raw materials, inventory, and finished goods. It has been identified as one area that can benefit from blockchain technology, a shared database maintained by a network of computers connected to the internet.

  • Capital One breach also hit other major companies, say researchers
    TechCrunch

    Capital One breach also hit other major companies, say researchers

    The data breach at Capital One may be the "tip of the iceberg" and may affectother major companies, according to security researchers

  • Reuters

    REFILE-Synamedia sees pay TV driving growth for 3-4 years before IPO

    Pay-TV software maker Synamedia, supplier to Comcast's Sky and AT&T's DirecTV, believes the pay-TV market will continue to grow despite the rise of streaming services such as Netflix and Amazon Prime Video. Chairman Abe Peled said he believed cable operators would increasingly be forced to offer packages that included access to those and other streaming providers, meaning they would need software to manage it. Consumers simply won't be able to pay for buying all these channels," Peled told Reuters in an interview.

  • Why Shares of Vodafone Group Are Surging Today
    Motley Fool

    Why Shares of Vodafone Group Are Surging Today

    Along with its quarterly report, the telecom giant announced two initiatives to monetize its towers.

  • Vodafone Group Plc (VOD) Q1 2019 Earnings Call Transcript
    Motley Fool

    Vodafone Group Plc (VOD) Q1 2019 Earnings Call Transcript

    VOD earnings call for the period ending June 30, 2019.

  • TIM, Vodafone agree merger of mobile masts, 5G partnership in Italy
    Reuters

    TIM, Vodafone agree merger of mobile masts, 5G partnership in Italy

    MILAN/ROME (Reuters) - Italy's biggest phone group Telecom Italia and rival Vodafone agreed on Friday to merge their mobile tower infrastructure and to jointly roll out 5G in Italy. The deal highlights the increasing appetite for tie-ups among phone companies seeking to cut debt and share heavy investment. Under the agreement, Vodafone will transfer its Italian mobile masts to INWIT, which is currently 60 percent owned by TIM, boosting its market capitalisation from 5.1 billion euros ($5.7 billion) to as much as 9.0 billion euros ($10 billion), according to a source close to the matter .

  • Vodafone to sell off 60,000 mobile masts for €20bn
    The Guardian

    Vodafone to sell off 60,000 mobile masts for €20bn

    The new standalone business will comprise 61,700 towers across 10 countries. Photograph: Fabrizio Bensch/ReutersVodafone is to spin off its pan-European mobile mast business with an eye on a stock market flotation worth as much as €20bn (£17.9bn) in the next 18 months.Shares in the world’s second largest mobile operator climbed almost 10% as investors relished the prospect of a windfall from a sale or initial public offering of Europe’s largest towers company.The new standalone business, called TowerCo, will comprise 61,700 Vodafone masts across 10 countries, with 75% of the sites in principal European markets Germany, the UK, Italy and Spain.The business will generate about €1.7bn in revenues and €900m profits, leading analysts to value the business at between €15bn and €20bn, based on valuations of other mast businesses.The masts provide mobile coverage across each country allowing phone owners to make and receive calls and use data to access apps and websites. Income comes from leasing space on each mast to other companies to allow them to fix equipment to provide mobile services to their customers for an annual fee.“We are now creating Europe’s largest tower company,” said Nick Read, Vodafone’s chief executive. “Given the scale and quality of our infrastructure we believe there is a substantial opportunity to unlock value for shareholders.”The new company, which will have its own management team, will be operational by next May.Vodafone began evaluating a spin-off of the towers business last year after receiving several offers for various parts of its portfolio. The company said it intends to monetise a substantial proportion of TowerCo within the next 18 months. This will include a potential flotation on the stock market, the sale of a minority stake in the whole business or in its mast operations in individual countries, depending on market conditions.The proceeds will be used to pay down Vodafone’s mounting debt pile, which will reach €48bn when the company completes its €18.4bn deal to buy Liberty Global’s German and eastern European cable assets.Vodafone has also spent €4bn on 5G spectrum as prices ballooned in auctions in Germany and Italy during the past year.“Yes, Vodafone will lose the profits associated with running the towers, but it will also remove the €200m of annual spending tied up maintaining and expanding the network,” said George Salmon, equity analyst at Hargreaves Lansdown. “So it’s easy to see the logic for the deal, especially since the group’s debts are fairly pressing.”The share price rise will be a boost to Read who has seen the company’s value fall by more than a fifth since he took over the role of chief executive last October. In May, Read was forced to cut Vodafone’s dividend for the first time since it became a standalone business in 1990, despite having initially said he would not do so.