Vodafone Group plc (VOD) - NASDAQ
  • 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.
    | Fri, Jul. 8, 1:57 PM | 1 Comment
  • 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, Jul. 6, 6:50 PM | 7 Comments
  • 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, 9:18 AM | 5 Comments
  • Mon, Jun. 27, 9:13 AM
    | 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%.
    | Fri, Jun. 24, 9:22 AM | 2 Comments
  • 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 »
    | Thu, Apr. 21, 10:57 AM | 4 Comments
  • Fri, Apr. 8, 12:41 PM
    • Deutsche Telekom (OTCQX:DTEGY +0.5%) may take a cue from its customer-stealing U.S. business for its unit in the Netherlands, and reformulate strategy more like T-Mobile US (TMUS -0.8%).
    • That would mean an emphasis on disruption and perhaps a similar focus on mobile rather than fixed service. In contrast to T-Mobile's U.S. operation, the Dutch business has been losing customers over the past three years, and with a longtime presence in the market, it isn't ripe for reinvention.
    • Other, smaller players like Tele2 have actually claimed the mantle of aggression on price in the Netherlands, while there's hot competition from the recently combined Vodafone (VOD +2.3%)/Liberty Global (LBTYA +1.6%) there, as well as Royal KPN (OTCPK:KKPNY -2.3%).
    • DT had floated a sale of T-Mobile Netherlands, but withdrew it as a possibility in February after terms from two bidders didn't rise to its expectations.
    • Now read T-Mobile: The Price Of Peace With YouTube Is High »
    | Fri, Apr. 8, 12:41 PM | 3 Comments
  • Tue, Mar. 1, 4:58 PM
    • Hutchison (OTCPK:HUWHY) is headed to a closed-door meeting with EU regulators to address objections to its £10.3B deal to buy out rival telecom O2 (TEF +4.3%), Reuters reports.
    • The company will meet with the European Commission on March 7, along with rivals Sky (OTCQX:SKYAY +2.4%), Virgin Media (LBTYA +2.8%), TalkTalk (OTC:TKTCY), Vodafone (VOD +3.1%) and BT Group (BT +3.4%). Iliad (OTCPK:ILIAY +2.5%), the small provider owned by French billionaire Xavier Niel, could also take part.
    • The long-in-the-works deal has generated plenty of heat, as the combination of Hutchison's Three UK (the country's No. 4 wireless provider) with Telefonica's O2 (the No. 2 provider) would create the country's largest, reducing the market to three major competitors.
    • When the EC opened a full probe into the deal in October, the move suggested that heavy concessions were likely on the way to make the deal happen -- and they may include creating a smaller competitor. (TalkTalk has said it would love to help.)
    • The UK tried to take over the probe, but the EC rejected that request and kept control of the deal investigation in early December.
    • After hours: TEF -4.2%; LBTYA, VOD, BT flat.
    • Previously: Europe rejects UK's effort to examine Three's O2 buyout (Dec. 04 2015)
    • Previously: Europe opens full probe into Telefonica-Hutchison UK mobile merger (Oct. 30 2015)
    | Tue, Mar. 1, 4:58 PM
  • Tue, Feb. 23, 2:03 PM
    • BT Group (BT -2.2%) chief Gavin Patterson continued lobbying against a spinoff of the company's Openreach infrastructure unit at Mobile World Congress, saying the company would increase network spending if regulators decides to leave things be.
    • "There's a significant investment that we are ready to make now in the next generation of technology, more fiber to the premise, G.fast, fiber to the cabinet," Patterson said in Barcelona. Regulator Ofcom has been reviewing the UK telecom market and deciding whether Openreach should remain part of the longtime incumbent
    • Ofcom chief Sharon White said in December that the status quo with Openreach isn't an option. The unit sells wholesale capacity to BT rivals including Vodafone (VOD -1.9%), Sky (OTCQX:SKYAY -0.6%) and TalkTalk (OTC:TKTCY) and is managed at arm's reach, though not to the full pleasure of those competitors.
    • Previously: BT Group finishes up 2.8% post-earnings as analysts adjust targets (Feb. 01 2016)
    • Previously: BT closing EE deal as telecom giant - with Openreach as room's elephant (Jan. 29 2016)
    | Tue, Feb. 23, 2:03 PM
  • Mon, Feb. 22, 9:55 AM
    • At Mobile World Congress, Paypal (PYPL +0.9%) announced it's teaming up on mobile wallets with Vodafone (VOD +0.1%) and America Movil (AMX +2.3%) in Europe and Latin America respectively, opening a line to millions of new customers.
    • Vodafone has 454M users and America Movil 286M. Vodafone's deal will integrate PayPal into Vodafone Wallet, allowing for PayPal's European customers to do touchless payments at Visa terminals; America Movil's arrangement allows for creating digital wallets for 140M Tel Cel and Claro customers in Mexico and Brazil.
    • PayPal says its Xoom service is expanding into Africa, allowing U.S. customers to send money to people in Kenya using a connection to Vodafone's M-Pesa. PayPal closed on an $890M deal for Xoom in November.
    • Previously: PayPal closes Xoom deal (Nov. 12 2015)
    | Mon, Feb. 22, 9:55 AM | 4 Comments
  • Fri, Feb. 5, 7:53 PM
    • Telstra (OTCPK:TLSYY -1.8%) and Optus Mobile were the big spenders in Australia's competitive 1800-MHz spectrum auction, which drew A$543.5M in spending from the country's big four providers.
    • Optus led all comers with A$196M, just ahead of Telstra at A$191M. TPG (OTC:TPGTF) spent A$88M, and Vodafone (VOD -2.4%) the least at A$68M.
    • The auction was set to improve 4G coverage in regional and remote Australia; currently, Telstra, Vodafone and Optus use the 1800-MHz band to deliver their 4G networks in metropolitan areas.
    • Vodafone, which skipped the digital dividend auction in May 2013, has been looking at regional expansion after refarming spectrum in Australian Capital Territory, the coast of New South Wales and the Blue Mountains, and switching on 850 MHz 4G in sites across Queensland.
    | Fri, Feb. 5, 7:53 PM
  • Fri, Feb. 5, 7:40 PM
    • Vodafone (VOD -2.4%) finished lower for the second straight day after earnings, swept up in market downdrafts despite a chorus of analysts signaling approval for the company's recovering European business.
    • The FTSE 100 finished 0.9% lower in London and a tech-stock downdraft sent the Nasdaq down 3.3%.
    • Meanwhile, a wide number of firms reiterated buys on the stock. Barclays and JPMorgan Chase reiterate their Overweight ratings, while Buys were also reinforced at HSBC and Beaufort Securities.
    • Nomura raised its price target to 255 pence/share. Among the other firms' price targets, they range from Barclays' 250-pence price through RBC's 255 pence, HSBC's 260 pence and JPMorgan's 275 pence.
    • Shares closed in London today down 1.6% at 207 pence, implying 21-33% upside in the various targets.
    | Fri, Feb. 5, 7:40 PM | 6 Comments
  • Thu, Feb. 4, 10:40 AM
    • Vodafone (NASDAQ:VOD) is off 2.5% in U.S. trading following a fiscal third quarter showing continuing growth in underlying revenue, feeding the company's story that Europe (its biggest regional business) is back on track.
    • Underlying service revenue grew 1.4% and the company is tracking toward in-line full-year earnings of £11.7B-£12B. Decline in underlying revenue in Europe slowed again, to 0.6% from Q2's decline of 1%.
    • Emerging markets saw underlying revenue growth of 6.5%. "We have taken another step forward in the last three months, with the highlights being a strong performance in South Africa and improving trends in Germany and Italy," says CEO Vittorio Colao.
    • Its "Project Spring" worldwide upgrade plan is 92% through its mobile buildout, with 4G coverage now at 84% in Europe. The company has committed £19B to the plan.
    • Press release
    | Thu, Feb. 4, 10:40 AM | 2 Comments
  • Tue, Feb. 2, 9:49 AM
    • Vodafone (VOD -2%) and Liberty Global (LBTYA -0.5%) are back and talking about possible asset swaps again, after talks about trades in Europe (and maybe a merger?) fell apart last year, Bloomberg reports.
    • Sources said the talks restarted since the beginning of 2016 and could include asset swaps and co-investments in "several" European countries.
    • Again, though, talks are likely to center on the Netherlands (where Liberty wants to grow) and the UK and Germany, the largest markets for the two.
    • After gaining earlier in London, shares are down 1.6% there and ADRs are off 2% on a day where the broader U.S. market is off to a rough start.
    | Tue, Feb. 2, 9:49 AM | 2 Comments
  • Tue, Jan. 26, 11:35 AM
    • Vodafone (VOD +1.5%) is outpacing broader market gains after a round of generally bullish analyst reports, including an upgrade from Jefferies Group to Buy.
    • Jefferies bumped its price target to 250 pence, from 230; implying 14.3% upside from current London prices of 218.80p. Shares are up 0.1% in London.
    • Barclays also reiterated its Overweight rating (also with a 250-pence price target), and Credit Suisse reiterated its Outperform rating (with a lower 230-pence price target).
    • Meanwhile, Grupo Santander reiterated its Hold rating and a 240-pence target.
    | Tue, Jan. 26, 11:35 AM | 1 Comment
Company Description
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
Sector: Technology
Industry: Wireless Communications
Country: United Kingdom