Yesterday, 9:55 AM
- With a regulatory report looming, BT Group (BT +1.7%) has offered to set up an independent board for its infrastructure arm Openreach in a bid to keep the division in the company.
- Openreach has become a bone of contention for rivals like Vodafone (VOD -0.3%), Sky (OTCQX:SKYAY +0.8%) and TalkTalk (OTC:TKTCY) that buy wholesale capacity from BT and who have argued for a breakup of the company to ensure fair competition.
- UK regulator Ofcom is set to issue a report tomorrow on how BT can improve its performance, and has been considering whether a split is in the industry's best interest; in December, the regulator's chief said the status quo wasn't an option with Openreach.
- "We believe very strongly ... that this would be the wrong time to break up BT and distract us from the remaining investment to get superfast and ultrafast broadband right across the country in the next two to three years," says Chairman Mike Rake.
Fri, Jul. 22, 4:18 AM
- Aided by a strong performance in Spain and Germany, Vodafone (NASDAQ:VOD) reported a better-than-expected Q1 increase (2.2% to €12.3B) in organic service revenue, marking the eighth straight quarterly rise in its main growth measure.
- The mobile operator also confirmed its outlook for the full year, stating its European markets were stable, with growth of 0.3% despite the impact of cuts in roaming charges.
- VOD +4.4% premarket
Fri, Jul. 8, 1:57 PM
- European regulators are set to clear a long-in-the-works mobile merger in Italy, Reuters reports.
- The European Commission -- lately prone to blocking telecom consolidation on the continent -- is ready to sign off on a €21.8B combination of Three Italia, owned by Hutchison (OTCPK:HUWHY), with Wind Telecomunicazioni, owned by VimpelCom (VIP +1.7%).
- Hutchison saw a similar deal blocked by the EC, to merge its Three UK unit with Telefonica's O2.
- The move would make the combo the biggest wireless provider in Italy, competing against Vodafone (VOD +1.3%) and Telecom Italia (TI +2.3%), though Hutchison and VimpelCom agreed to concessions and asset sales to help create a new entrant in France's low-cost provider Iliad (OTCPK:ILIAY -4.2%).
- The EC is scheduled to officially rule on the case by Sept. 8.
Wed, Jul. 6, 6:50 PM
- A report says Vodafone (VOD -1.5%) is the likely front-runner to take over Telenor's (OTCPK:TELNY +1.9%) operations in India, though it's not clear whether that means just a spectrum acquisition or the entire company.
- Telenor is currently using 1800 MHz airwaves to provide 2G, though they could provide 4G service, and that spectrum is likely valued around $1B.
- Such an acquisition could reap benefits for Vodafone ahead of India's 4G spectrum auction, set for September. Telenor's tower rentals from Viom come at a lower rate than Vodafone has gotten from Indus, and Telenor's 11,500 sites could power Vodafone's 4G deployment, a source says.
Wed, Jun. 29, 6:30 AM
- Vodafone (NASDAQ:VOD) is considering moving its headquarters out of the U.K. given the uncertainty about how many "positive attributes" of being in the EU will remain once the country has left the bloc.
- The majority of Vodafone's customers, employees and suppliers are based outside Britain. As a result, more than half of the company's earnings were attributed to European businesses in this financial year, while the U.K. accounted for just 11% of profits.
Tue, Jun. 28, 9:18 AM| Tue, Jun. 28, 9:18 AM
Mon, Jun. 27, 9:18 AM
- British and European telecom stocks are headed back down in U.S. trading as post-Brexit fallout continues on the continent.
- BT Group (NYSE:BT) is down another 9.8% premarket; meanwhile, Vodafone (NASDAQ:VOD) is 5.5% lower and Telefonica (NYSE:TEF) is down 2.8%.
- BT Group -- smacked by a precipitous decline in the pound's value Friday -- is now quoting a full 26% below Thursday's close. The pound is off another 3.3% against the dollar today.
- Vodafone, which has substantial operations in the UK, is quoting 12% below its Thursday U.S. close.
Mon, Jun. 27, 9:13 AM
Fri, Jun. 24, 9:22 AM
- European names are pacing premarket losers in telecom after Great Britain's historic vote to leave the EU.
- BT Group (NYSE:BT), the holder of longtime incumbent telecom British Telecommunications, is off 17.8% premarket, wiping more than $11B off its market value.
- Other key players in Britain and Europe are sharply lower as well. Telefonica (NYSE:TEF) is down 16.8% premarket, easily set for its lowest price in 18 years.
- French incumbent Orange (NYSE:ORAN) is 11.6% lower. Vodafone (NASDAQ:VOD), meanwhile, is down 8.6%.
Wed, Jun. 15, 10:13 AM
Thu, Jun. 9, 4:05 AM
- As the world's biggest telecoms continue to pivot toward TV and online video, Britain's Vodafone (NASDAQ:VOD) has agreed to a combine its New Zealand operations through a $2.4B merger with the local unit of Sky Network (OTC:SKKTY).
- "This is a significant and positive step in Sky's evolution," CEO John Fellet said in a statement.
- Vodafone NZ has 2.35M mobile connections and more than 500K fixed-line connections in the country. Sky has over 830K subscribers.
- VOD -1.6% premarket
Thu, May 26, 2:00 PM
- Vodafone (VOD +0.8%) has a deal to launch HBO's (TWX +1.3%) streaming service in Spain.
- The service, HBO España, will offer a heavy selection of premium HBO content (including HBO's key Sunday night lineup denizens Game of Thrones, Veep, Silicon Valley) along with new series from other providers.
- Vodafone (which has more than 1M TV customers in Spain) says it will make HBO España available via TV service and also mobile devices and computers.
- A Spanish-language version of HBO Now, the broadcaster's video-on-demand offering, had begun to roll out in Latin America at the end of last year.
Tue, May 17, 4:47 AM
- Vodafone (NASDAQ:VOD) +3.1% premarket after recording its first full year of growth in service revenues and core earnings since 2008 as its £19B "Project Spring" investment in networks began to pay off.
- Organic earnings before EBIDTA rose 2.7% to £11.6B, while revenues rose 2.3% to £41B when stripping out currency movements.
- "This has been a year of strong execution," Vodafone CEO Vittorio Colao said in a conference call, while raising the phone operator's dividend.
Tue, May 17, 3:03 AM
Fri, Apr. 29, 1:42 PM
- Vodafone (VOD -1%) has picked out banks to execute what could be India's biggest IPO -- a public listing of Vodafone operations there that could raise $3B, Bloomberg reports.
- Bank of America, Kotak Mahindra Bank and UBS will lead the offering, sources said, and they'll be joined by Deutsche Bank, HSBC and ICICI.
- “We have previously said that we have started preparations for a potential IPO, which includes private conversations with banks, but this is a lengthy process and no decision will be made until we are at the end of it,” Vodafone said in a statement.
- Now read Vodafone: A Buy For Dividend Investors »
Thu, Apr. 21, 10:57 AM
- Vivendi (OTCPK:VIVHY -2%) is actively pushing Telecom Italia (TI -0.1%) toward a sale of its Brazilian unit, TIM Participaçoes (TSU +1.8%), sources tell CTFN.
- The French media giant's stance on TIM was a clear catalyst for the March departure of Marco Patuano as TI's chief executive, as Patuano was inclined to hold on to the business.
- A series of machinations over the past year took place around the possible merger of TIM with debt-laden carrier Oi (OIBR -3.5%) before the prospects of a deal imploded.
- An M&A lawyer said that when Vivendi inherited its Telecom Italia stake in 2014 (via its sale of broadband company GVT to Telefonica), it was already expressing an interest in getting out of Brazil and taking charge of TI as a media platform.
- Rivals Telefonica Brasil (VIV -0.2%) and Claro (AMX +1.5%) aren't likely candidates to take over TIM due to regulatory issues. Oi is surely a candidate again, but more desperate for a move than TIM. Brazil might go for a bid from someone like Vodafone (VOD -0.8%), though.
- Now read Oi's Debt Restructuring: A 4-Player Chess Game »
Vodafone Group Plc is a telecommunications company. It provides a range of services including voice, messaging, data, and fixed communications; unified communication solutions; Vodafone One Net, a converged service, which combines fixed and mobile services for various businesses; carrier voice... More
Industry: Wireless Communications
Country: United Kingdom
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