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Vodafone Group plc (VOD)

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  • Aug. 4, 2013, 10:24 AM
  • Aug. 1, 2013, 9:23 AM
  • Jul. 23, 2013, 7:26 AM
    Vodafone (VOD +0.3%) would consider any offer for its 45% stake in Verizon Wireless, says Vodafone Chairman Gerard Kleisterlee, although he otherwise has nothing new to announce. Kleisterlee's remarks pretty much reiterate what Vodafone said in May - that it would look at any proposal but that it's happy with the status quo. Verizon Communications (VZ) has long coveted the holding so that it can take its control in Verizon Wireless to 100%.
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  • Jul. 23, 2013, 3:02 AM
    After months of speculation, Telefonica Deutschland (TEF) has agreed to acquire KPN's (KKPNF.PK) German E-Plus unit in a deal that values the subsidiary at €8.1B. KPN will receive €5B in cash and a 17.6% stake in Telefonica Deutschland. The transaction will create the biggest cellular operator in Germany with annual revenues of over €8B, and enable the combined entity to better compete with leading operators Deutsche Telekom (DTEGF.PK) and Vodafone (VOD). The merger is expected to create synergies of €5-5.5B.
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  • Jul. 19, 2013, 3:22 AM
    Vodafone (VOD) FQ1 organic service revenue -3.5% to £10.155B; sales to Northern and Central Europe -3% due to "competitive intensity", with U.K. -4.5% and Germany -5.1%. Southern Europe -14.4%, with Italy -17.6% and Spain -10.6%. Sees good growth in Africa, the Middle East and Asia Pacific. Net debt -£2.1B on quarter to £24.9B. Reiterates full-year outlook. Expects to complete the €7.7B acquisition of Kabel Deutschland (KBDHY.OB) by the end of 2013. (PR)
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  • Jul. 18, 2013, 10:47 AM
    Verizon Wireless (VZ, VOD) officially announces its Edge monthly installment/early upgrade plan (previously mentioned in a leaked slide) in the wake of its Q2 report. Edge does away with service contract requirements (unlike AT&T's (T) Jump), involves 24 monthly installments for smartphone purchases, and only requires users to wait 6 months for an upgrade (AT&T requires 12 months). However, users have to pay off 50% of a phone's price before they can upgrade, and can only join Edge if they sign up for a costly shared data plan. (Verizon's Q2: I, II, III)
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  • Jul. 18, 2013, 9:58 AM
    The iPhone (AAPL +0.7%) accounted for 51% of Verizon Wireless' (VZ -2.4%, VOD -0.5%) Q2 smartphone sales. That translates into 3.9M iPhones, above estimates and good for a 44% Y/Y increase (up from Q1's +25%). Verizon also says it isn't interested in Leap Wireless (LEAP -0.2%), and calls its interest in entering Canada an "exploratory exercise." Retail postpaid net adds rose Q/Q, but Y/Y growth fell to 6% from Q1's 35%. Retail churn was 1.23%, -7 bps Q/Q but +12 bps Y/Y. Retail postpaid ARPA rose by $2.23 Q/Q to $152.50. Retail prepaid net adds totaled 97K vs. 43K in Q1 and 290K a year ago. Total wireline revenue -1.6% Y/Y, as business declines offset consumer growth. 2013 capex budget slightly raised to $16.4B-$16.6B from $16.2B. (Verizon Q2: I, II)
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  • Jul. 16, 2013, 3:52 PM
    Liberty Global (LBTYA +0.2%) won't try to one-up Vodafone's (VOD -0.2%) €87/share offer for Kabel Deutschland, says John Malone, confirming media reports. Instead, Liberty will turn its sights on Southern Europe for growth opportunities. Malone: "We’re getting to the point where in northern Europe, we’re pretty much as far as we can go ... If southern Europe sort of hits the bottom, as it were, there are things we can do further south in scale."
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  • Jul. 16, 2013, 12:38 AM
    AT&T (T) responds to T-Mobile USA's (TMUS) Jump smartphone upgrade plan by launching its own monthly installment/early upgrade offering, and Verizon Wireless (VZ, VOD) might not be far behind. AT&T Next lets users pay for devices via 20 monthly installments, and with no activation/upgrade fees. Unlike Jump ($10/month, no contract, 2 upgrades/year) there's no additional monthly fee, but there is a service contract requirement, and a 12-month wait between upgrades. Meanwhile, a leaked Verizon slide suggests the carrier is about to launch VZ Edge, a plan that combines installments with the option to upgrade after a device is 50% paid off.
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  • Jul. 11, 2013, 12:30 PM
    Verizon Wireless (VZ, VOD) is obligated to buy a whopping $23.5B worth of iPhones from Apple (AAPL) this year, about twice as many as it sold in 2012, thinks former Bernstein analyst Craig Moffett after going over SEC filings (Vodafone's 20-F appears to be the source). Moffett estimates Verizon, which he believes has fallen short of its iPhone purchase commitments each year since it began selling the phone in 2011, could end up owing Apple $12B-$14B at year's end, given sales trends. Moffett: "It isn’t clear that Apple has any incentive to blow up [its Verizon] relationship by taking a hard line ... Still, it is likely that Apple would be reluctant to simply ignore these commitments." (Sprint)
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  • Jul. 9, 2013, 2:47 PM
    Vodafone's (VOD +0.3%) U.K. prepaid subs are up in arms over the carrier's plan to begin billing users by the minute (while rounding numbers up), rather than by the second, starting on Aug. 1. For example, a call that lasts 2 minutes and 10 seconds will now be billed as 3 minutes. Vodafone insists it's just trying to simplify its pricing. The fact its U.K. revenue fell 3.7% Y/Y in FY13 might have something to do with the decision.
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  • Jul. 5, 2013, 2:26 PM
    India's Telecom Commission has backed a proposal allowing foreign companies to fully own Indian mobile carriers. Thus far, foreign companies were typically limited to a 49% stake, which could be raised up to 74% via special regulatory approval. The proposal could pave the way for Vodafone (VOD), which has tangled with the Indian government over several issues, to buy out minority investors in its local subsidiary, but could also result in the company seeing tougher competition if/when more foreign carriers decide to enter the Indian market.
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  • Jul. 3, 2013, 3:10 AM
    Liberty Global (LBTYA) is reportedly unlikely to increase its €85-a-share bid for Kabel Deutschland (KBDHY.OB) after Vodafone (VOD) agreed to acquire the German cable company for €87 a share, or €7.7B. Liberty reckons Vodafone's proposal is expensive, while John Malone's company also recognizes that a tie-up with Kabel would probably face antitrust difficulties, as it already owns Germany's second-largest cable firm, Unity Media.
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  • Jul. 1, 2013, 1:56 PM
    The Spanish government has slashed interconnection fees for mobile carriers by ~75%, a move that could further pressure ARPUs and revenues in a market battered by weak macro conditions, line disconnections, and the impact of Internet services on voice/text activity. Vodafone (VOD +0.1%), Telefonica (TEF +1.7%), Orange (FTE -1.7%), and TeliaSonera's Yoigo are the market's four main players. Vodafone reported an 11.5% Y/Y drop in Spanish revenue for the March quarter. Vodafone, Telefonica, and Yoigo have all ended phone subsidies in an effort to pare costs; Orange still offers them.
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  • Jul. 1, 2013, 7:08 AM
    Vodafone (VOD) has offered to pay 40B rupees ($680M) to the Indian government to extend the cellular carrier's licenses in the lucrative areas of Delhi, Mumbai, and Kolkata. Officials have already rejected one Vodafone request to renew the permits when they run out in November next year, a decision the company has challenged in court. The case is set to be heard on August 29.
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  • Jun. 28, 2013, 9:40 AM
    A roundup of tech analyst ratings changes: 1) Sina (SINA -0.2%) has been upgraded to Hold by Maxim. 2) First Solar (FSLR +1%) has been upgraded to to Buy by Argus. 3) Vodafone (VOD +0.5%) has been upgraded to Buy by Deutsche. 4) American Superconductor (AMSC +10.3%) has been started at Buy by Ascendiant Capital. 5) F5 (FFIV +0.7%) has been upgraded to Outperform by Raymond James. 6) Move (MOVE +1%) has been started at Buy by B. Riley. 7) Sohu (SOHU -1.1%) has been upgraded to Neutral by HSBC. 8) Palo Alto Networks (PANW -2.2%) has been started at Perform by Oppenheimer. 9) Veeco (VECO -1.7%) has been started at Neutral by Wedbush.
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Company Description
Vodafone Group PLC is engaged in providing voice and data communications services for all types of customers. The Company has presence in Europe, the Middle East, Africa, the Asia Pacific region and the United States.