|Bid||151.08 x 0|
|Ask||151.18 x 0|
|Day's range||149.76 - 151.14|
|52-week range||1.50 - 1,602.00|
|Beta (5Y monthly)||0.58|
|PE ratio (TTM)||N/A|
|Earnings date||12 May 2020|
|Forward dividend & yield||0.08 (5.02%)|
|Ex-dividend date||28 Nov 2019|
|1y target est||2.01|
Vodafone is to remove Huawei technology from the core of its European networks. The move comes after Britain's decision to limit the Chinese firm's role in 5G networks. New European guidelines on Huawei also a factor. Chief executive Nick Read says the move will take about five years to implement, and cost around 220 million dollars. Huawei rivals Ericsson and Nokia are likely to benefit. Earlier Wednesday (February 5) Vodafone reported 0.8% revenue growth in the third quarter. That was an uptick from the previous three months, helped by recovery in South Africa. Europe though remains a hard slog for the world's number two mobile operator. Revenue there was down 1.4% year on year, the same rate as the quarter before. Vodafone shares were down over one percent by midafternoon.
BRUSSELS/MILAN (Reuters) - Vodafone and Telecom Italia (TIM) have offered concessions in an effort to allay EU antitrust concerns over their plan to create Italy's biggest mobile towers company, a filing on the European Commission website showed on Monday. Under the deal announced in July last year, Vodafone will transfer its Italian mobile masts to INWIT , which is 60% owned by TIM. With EU antitrust regulators taking a tough line on telecoms mergers that reduce the number of players in a market from four to three, the sector is hoping that deals where operators combine towers or share networks will make it easier for them to reduce debt and share costs.
Beleaguered Indian wireless carrier Vodafone Idea will pay 35 billion rupees (376.99 million pounds) in telecom dues to the federal government by the end of this week, the company said on Monday. Hopes that Vodafone Idea could outlive the financial squeeze due to the outstanding dues payments helped its shares gain as much as 23.5%, their best intraday gain since Jan. 21, after dropping more than 24% on Friday. "While there is a concern that Vodafone is against the wall, there is a slim hope that they will get through," said Siddhartha Khemka, head of research at Motilal Oswal Financial Services in Mumbai.
Vodafone Idea Ltd said on Saturday it was assessing how much it would pay the Indian government as part of dues owed and said it proposed making a payment in the next few days. India ordered mobile carriers on Friday to immediately pay billions of dollars in dues after the Supreme Court threatened the companies and officials with contempt proceedings for failing to implement an earlier ruling. The move threatens the survival of Vodafone Idea, a joint venture between Britain's Vodafone Group Plc and India's Idea Cellular, as the unit is saddled with about $3.9 billion in overdue payments.
When Victoria Beckham sends her models down the London catwalk on Sunday, many of her most important clients will not be sitting in the front row but following from afar as the coronavirus outbreak hobbles international events. The drive by London Fashion Week to communicate with absent Chinese buyers is just one of the ways the global events industry is adapting, quickly, to keep the show on the road. Caroline Rush, head of the British Fashion Council, said it wanted to keep dialogue open and buyers engaged.
India’s Supreme Court rejected an application from telecoms companies to defer paying billions of dollars in historic levies to the government, in a ruling that leaves Vodafone’s local joint venture on the verge of collapse. Telecoms companies, including Vodafone Idea and Bharti Airtel, were ordered to pay $13bn to the government by March 17, said a court judgment on Friday, which chastised them for not depositing dues earlier. Vodafone’s local partner has previously said the sum could cause it to “shut shop”.
BRUSSELS/MILAN (Reuters) - Vodafone and Telecom Italia will have to offer concessions if they want to win European Union antitrust approval for their plan to merge their mobile tower infrastructure, people familiar with the matter said on Thursday. The telecoms operators announced the deal in July last year under which Vodafone will transfer its Italian mobile masts to INWIT , which is 60 percent owned by TIM. Telecoms companies are looking to such tie-ups to cut debt and share heavy investments.
Vodafone Idea Ltd reported a third-quarter loss on Thursday, as the troubled Indian telecom company shed millions of mobile subscribers due to intense competition. The quarterly results come as Vodafone Idea and other Indian telecom firms are pressured by government demands to pay $13 billion in overdue levies in a long-contested dispute. Indian telecom carriers have increased prices in response and Vodafone Idea, which owes at least $4 billion in dues, has sought a "modification" of India's top court's October ruling which upheld the government's demand.
An Australian court approved a A$15 billion ($10.1 billion) merger between a unit of Britain's Vodafone Group and internet provider TPG Telecom on Thursday, overruling a regulator and enabling a huge rival to the country's top telcos. A Federal Court judge said a tie-up between Vodafone's joint venture with local telco Hutchison Telecommunications (Australia) Ltd and TPG would not harm competition, rejecting the Australian Competition and Consumer Commission's (ACCC) reason for blocking the deal last year.
a decision by competition regulators to block the deal. The ruling marks a victory for both operators, which have struggled to compete in Australia’s concentrated mobile market, where larger rivals Telstra and Optus hold more than 80 per cent of the market. It should also help UK-based Vodafone’s long-term strategy to unwind its global empire by merging or selling off local networks and investing in cable assets in Europe.
Spanish health officials said on Wednesday there was no reason to cancel the Mobile World Congress in Barcelona over coronavirus fears, despite major companies pulling out of the event. National Health Minister Salvador Illa said the government's goal was protecting people's health, but that it would take additional measures if necessary. The assurance came after behind-the-scenes pressure on Spanish authorities to declare that holding the event in Barcelona would pose a public health risk, which could potentially in turn trigger a payout on any event insurance taken out by the organisers.
Vodafone , the world's second largest mobile operator, said it was pulling out of Barcelona's Mobile World Congress because of the coronavirus outbreak, joining an exodus of major European players on Wednesday. "Vodafone has been carefully monitoring the news on the coronavirus and has noted the recent warnings from the World Health Organization," the company said.
To begin: ha! Hahahaha ! Good lord! Elliott Management, the hedge fund, has built a stake worth $2.5bn in SoftBank and is pressing for a $20bn share buyback and governance changes at Masayoshi Son’s sprawling ...
INWIT , the tower unit of Telecom Italia said on Thursday it would call a shareholder meeting on March 20 to appoint the board of the new company that will be created after a merger with Vodafone's mobile tower business in Italy. Telecom Italia (TIM) and Vodafone agreed in July to fold their Italian mobile tower assets into TIM mast unit INWIT to cut debt and free up cash for the roll-out of next generation 5G networks, keeping joint control of the new entity.
Vodafone is to strip Huawei systems out of the core of its European network at a cost of €200m as the European telecoms sector moves to adapt to new limits on use of the Chinese company’s equipment. Chief ...
Vodafone will remove Huawei technology from the core of its European networks following Britain's decision to restrict the Chinese company's role in 5G and new EU guidelines on the firm's equipment, Chief Executive Nick Read said. Britain last month allowed Huawei a limited role in new mobile networks - defying U.S. pressure for an outright ban on security grounds - but excluded it from the core and imposed a 35% cap in the less-sensitive radio network. Huawei has repeatedly denied U.S. allegations that its equipment could potentially be used by Beijing for spying.
The Competition and Markets Authority upset advisory apple carts when it dared to block Sainsbury’s tie-up with Asda in 2019, after clearing Tesco’s takeover of wholesaler Booker. Dealmakers who once assumed their transactions would not trouble the antitrust authorities can no longer be so sure.
The Saudi Telecom Co. announced it reached a preliminary agreement on Wednesday to buy a 55% stake in the Egyptian holdings of telecommunications giant Vodafone. The kingdom's largely state-owned communication firm announced that it had offered $2.39 billion in cash for the Egypt unit, as part of its continued efforts to carve out more market share in the Middle East. The Saudi Telecom statement valued Vodafone Egypt at $4.4 billion.
CAIRO/DUBAI (Reuters) - Saudi Telecom Co (STC), the kingdom's biggest telecom operator, has struck a preliminary deal to buy Vodafone Group's 55% stake in Vodafone Egypt for $2.4 billion, as it seeks growth in the Arab world's most populous nation. With 44 million subscribers and a 40% market share, Vodafone Egypt is the country's biggest mobile operator. The non-binding deal, which could be STC's biggest in over a decade, values Vodafone Egypt at $4.4 billion and the two companies have agreed an arrangement over the long-term use of the Vodafone brand and other services in Egypt.
Vodafone Group is to sign a memorandum of understanding with Saudi Telecom for the possible sale of a stake in Vodafone Egypt , the Egyptian cabinet said in a statement on Tuesday. The announcement came after a visit to Egypt by Vodafone CEO Nick Read. Vodafone Group holds a 55% stake in Vodafone Egypt, with the remaining 45% held by Telecom Egypt.