Vodafone Group PLC (LSE:VOD) shares fell 6% in early trading on Tuesday after the telecommunications group reported a decline in German sales, which offset gains elsewhere. The company posted a 5% increase in revenue to €9.8 billion (£8.1 billion) for the third quarter, with growth in the UK, Turkey and Africa.
Vodafone Group PLC has unveiled stronger revenue for the third quarter as the telecommunications firm edged closer to completing its £15 billion Three tie-up. Group revenue increased 5% to €9.8 billion (£8.1 billion), driven by growth in the UK, Turkey and Africa, Vodafone said on Tuesday.
European mobile group Vodafone reported another deterioration in Germany, its biggest market, in its third quarter, a weak point amid otherwise stronger trading in Britain, Turkey and Africa.
Vodafone, Diageo, Crest Nicholson and Entain line up a busy day of reporting in London, before a string of updates from across the Atlantic.
Vodafone Group PLC's third quarter update next Tuesday, February 4 follows disposals as the telecommunications firm readies for its £15 billion merger with Three. Having received the greenlight for the takeover by the Competition and Markets Authority in December, Vodafone has since completed disposals of its Italian wing and stake in Indus Towers.
Vodafone said it had made the world's first video call via satellite using a standard smartphone from a remote location, and it plans to roll out the technology for its users across Europe later this year and in 2026.
Shares in BT Group PLC (LSE:BT.A) and Vodafone Vodafone Group PLC (LSE:VOD) have yet to benefit much from the big price rises pushed through by the pair last week. Vodafone followed rival BT, seemingly the UK price leader, and put mobile prices by about three times the current rate of inflation starting from 10 April.
Vodafone introduces Global SIM+, an innovative solution that eliminates complexities with roaming services and ensures global connectivity for IoT devices.
Vodafone Group PLC (LSE:VOD) has completed the sale of its stake in Indus Towers for US$330 million (£269 million). Some 79.2 million shares, equating to 3% of the Indian mobile tower installation company, were sold through an accelerated bookbuild, Vodafone said on Friday.
Vodafone Group PLC (LSE:VOD) has completed the €8 billion (£6.6 billion) sale of its Italian operations to Swisscom AG. Vodafone on Thursday said the cash deal had been completed and that proceeds would go to cutting net debt, alongside returning up to €2 billion to shareholders.
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Regulator Ofcom has proposed slashing fees it charges mobile network operators to the tune of £40 million. Fees, paid by the likes of BT Group PLC (LSE:BT.A) and Vodafone Group PLC (LSE:VOD) to use certain radio frequencies, could be slashed by as much as 21%, Ofcom said Friday.