Vodafone Group Public Limited Company American Depositary Receipt (VOD)
UK regulator finds Vodafone and Three merger would lead to price rises, seeks remedies for deal
Britain's competition watchdog on Friday said it found competition concerns with the proposed merger between Vodafone and the Three UK mobile network owned by CK Hutchison. The U.K. Competition and Markets Authority (CMA) said the deal would lead to price increases for tens of millions of customers or see some users get reduced services.
Three and Vodafone's $19B merger hits the skids as UK rules the deal is
The U.K.'s antitrust regulator has delivered its provisional ruling in a longstanding battle to combine two of the country's major telecommunication operators.
Vodafone-Three merger in doubt following competition investigation
Britain's competition watchdog has raised concerns about Vodafone Group PLC (LSE:VOD)'s planned merger with Three. An investigation by the Competition and Markets Authority concluded that the merger could result in higher prices or reduced services for tens of millions of mobile customers.
UK watchdog says Vodafone-Three UK deal may lead to customers paying more
Britain's competition watchdog said on Friday Vodafone's $19 billion merger with CK Hutchison's Three UK could lead to higher prices for customers and it will explore potential solutions to its concerns before it makes a final decision about the deal.
Vodafone share price is ripe for a breakout, but risks remain
Vodafone (LON: VOD) share price has risen gradually this year as investors flocked back to UK telecom companies. It has risen by 11.7% this year, beating the FTSE 100 index, which has risen by 7.50% this year.
Vodafone merger needed, Three warns as investment cut
A proposed tie-up between Vodafone Group PLC (LSE:VOD) and Three UK is needed, the chief financial officer of the latter has claimed after it reported a £30 million interim operating loss. Highlighting reduced capital expenditure over the first six months of the year, Three UK chief financial officer Darren Purkis warned the merger was the only way for the company to ramp up investment.
Vodafone launches €500mln share buyback programme
Global telecoms blue chip Vodafone Group PLC (LSE:VOD) has announced €500 million (£429.5 million) share buyback programme to run from this Wednesday through to 29 November. Vodafone tapped Wall Street banking giant Goldman Sachs to facilitate the buybacks, which will see around 2.5% of Vodafone's current market value returned to share holders.
Vodafone: Potentially Undervalued, But Uncertainties Prevail Following Latest Updates
Vodafone has been underperforming for over a decade, and is down 20% since May 2023, when CEO Margherita Della Valle announced a turnaround plan. The company has made good progress against its strategic objectives, improving customer satisfaction, driving productivity, and accelerating growth in most businesses in FY24. The group just completed the sale of Vodafone Spain and expects the sale of Vodafone Italy to close by early 2025, committing to use cash proceeds for deleveraging & buybacks.
Vodafone bleeds customers in Germany as turnaround plan lumbers on
Vodafone Group PLC (LSE:VOD)'s chief executive Margherita Della Valle inherited a bloated, underperforming business when she secured the top role 15 months ago. A trading update from the FTSE 100-listed communications giant shows that her turnaround plan, though progressing as expected, is still facing many of the same challenges that preceded her.
Vodafone's growth slows in Q1 on decline in Germany
Vodafone reported a 5.4% rise in service revenue in the first quarter, a slowdown on the previous three quarters, after its biggest market Germany went into reverse due to changes in cable TV regulation.
Here's why Vodafone and BT Group shares are in the spotlight
Vodafone (LON: VOD) and BT Group (LON: BT.A) shares have remained in a tight range in the past few weeks as investors focus on their upcoming earnings and their internal actions. BT Group stock was trading at 140p on Wednesday, inside the range where it has been since June 25th.
Vodafone drums up another €1.3bn from selling down Vantage stake
Vodafone Group PLC (LSE:VOD) has drummed up €1.3 billion from further selling down its stake in Frankfurt-listed mobile towers venture Vantage Towers, which it said it will use to trim its massive debt pile. The telecoms group said it sold another 10% stake in Oak Holdings, the partnership that co-controls Vantage, which means Oak now has a 50-50 joint ownership structure with the consortium of infrastructure investors owning the other half, as set out when the Vantage was spun out.
