The Competition and Markets Authority said the deal will likely boost competition in the U.K. mobile sector, but would only proceed if both companies implement certain conditions.
The U.K.'s antitrust regulator has greenlighted the longstanding planned merger between two of the country's biggest telecommunication operators.
The competition watchdog has approved the creation of the UK's biggest phone network by allowing the merger of Three and Vodafone.
The UK's Competition and Markets Authority has approved the merger of the UK mobile networks of Vodafone Group PLC (LSE:VOD) and Three, based on legally binding commitments to invest and cap certain tariffs for three years. After an 18-month review process, the antitrust watchdog green-lit the deal on the basis that the two companies to invest billions in rolling out a combined 5G network across the UK, with virtual mobile providers also to be given access to pre-set wholesale prices and contract terms.
British regulators approve $19 billion Vodafone-Three mobile merger
Vodafone Group PLC (LSE:VOD) has announced the sale of its remaining stake in Indian telecommunications infrastructure firm Indus Towers. Some 79.2 million shares in Indus, equating to 3% of its issued capital, will be offloaded through a placing, Vodafone said on Wednesday.
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UBS analysts have slashed Vodafone Group PLC (LSE:VOD)'s targets after second-quarter figures “validated” concerns. Citing weaker trends in Germany, UBS cut Vodafone's share price target from 77p to 70p and doubled down on a recently set ‘neutral' rating in a note on Monday.
Vodafone Group PLC (LSE:VOD) has announced its latest €500 million (£415 million) share buyback will get underway from Thursday. Citigroup had been instructed to facilitate the buyback, Vodafone said on Thursday, with this set to be completed by February 3.
Following successful completion of its business support systems transformation, expansion and extension of existing agreement supports Vodafone Italy's commitment to bringing next-generation services and experiences to its customers JERSEY CITY, NJ / ACCESSWIRE / November 12, 2024 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced a five-year extension of its strategic collaboration with Vodafone Italy. Under the new agreement, Amdocs will modernize the Italian service provider's business platform to cloud-ready and cloud-native solutions, and migrate the operator's business support systems environment to the Microsoft Azure cloud.
Vodafone Group Public Limited Company's Q2 '25 results showed a mixed performance, with significant declines in Germany and strong growth in Turkey, but the overall market reaction was negative. Germany's revenue decline is concerning, with management expecting a slow U-shaped recovery and further declines in the next quarter due to MDU transition. Despite strong growth in Turkey, the performance is expected to moderate, and Vodafone's lack of focus on Cloud and AI may hinder long-term revenue potential.
Vodafone Group Public Limited Company (NASDAQ:VOD ) Q2 2025 Earnings Conference Call November 12, 2024 5:00 AM ET Company Participants Margherita Della Valle - Group Chief Executive Luka Mucic - Group Chief Financial Officer Conference Call Participants Maurice Patrick - Barclays Emmet Kelly - Morgan Stanley Akhil Dattani - JPMorgan Siyi He - Citigroup Robert Grindle - Deutsche Numis James Ratzer - New Street David Wright - Bank of America Merrill Lynch Javier Borrachero - Kepler Cheuvreux Polo Tang - UBS Andrew Lee - Goldman Sachs Margherita Della Valle Good morning, everyone, and thank you for joining us today. Before going to Q&A, I'd like to outline the key highlights of our Half One Results, as well as the progress we've made on our strategic priorities.