|Bid||160.88 x 0|
|Ask||160.90 x 0|
|Day's range||160.06 - 162.90|
|52-week range||1.50 - 1,602.00|
|Beta (3Y monthly)||1.27|
|PE ratio (TTM)||N/A|
|Earnings date||12 Nov 2019|
|Forward dividend & yield||0.08 (4.98%)|
|1y target est||2.01|
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.
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.
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 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.
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.
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 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 (FB) has joined with Naspers (NPSNY) and former Vodafone (VOD) CEO Arun Sarin to inject $125 million of fresh capital into Meesho.
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.
The data breach at Capital One may be the "tip of the iceberg" and may affectother major companies, according to security researchers
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.
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 .
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.