Vodafone enters binding terms on sale of Hungary business
9th Jan 2023 07:03
(Sharecast News) - Vodafone said it had entered into binding terms in relation to the sale of its Hungary unit to local IT company 4iG and state-owned Corvinus for €1.8bn.
Read moreSunday newspaper round-up: Power prices, Broadband bills, Brexit protocol
11th Dec 2022 20:35
(Sharecast News) - Power prices hit a record high due to a combination of a cold snap and a dearth of wind. Power prices in the UK for a day ahead hit a record £675 per megawatt hour on the Epex Spot Exchange on Sunday as the country was blanketed with snow and temperatures fell below zero. At the peak hours between five and six o'clock power costs surged to £2,586 per megawatt hour. Furthermore, National Grid forecast that power demand would peak at nearly 46,700 megawatts on Monday, versus 43,000 MW on Sunday. Energy supply from wind meanwhile fell to about 5% of the country's demands on Sunday, against an average of 28.5% over 2022. - The Sunday Telegraph
Read moreEmirates Telecommunications lifts stake in Vodafone
7th Dec 2022 11:52
(Sharecast News) - Emirates Telecommunications has lifted its stake in Vodafone to 11% from 9.8%.
Read moreVodafone CEO Nick Read to step down
5th Dec 2022 07:03
(Sharecast News) - Vodafone said chief executive Nick Read would step down at the end December after a year in which the telecoms group as seen its share price plummet and activist investors attack its growth strategy.
Read moreVodafone chief commercial officer to step down
22nd Nov 2022 10:53
(Sharecast News) - Vodafone said on Tuesday that group chief commercial officer Alex Froment-Curtil is planning to leave the company to return to France with his family "for an external opportunity in another industry" effective 31 December.
Read moreVodafone agrees Vantage Towers JV with GIP, KKR
9th Nov 2022 09:57
(Sharecast News) - Vodafone said on Wednesday that it has agreed a joint venture deal with infrastructure fund manager Global Infrastructure Partners (GIP) and private equity firm KKR to hold its 81.7% stake in Vantage Towers, valuing the mobile towers business at €16.2bn.
Read moreKKR said to be frontrunner for Vodafone's towers unit
3rd Nov 2022 11:34
(Sharecast News) - Private equity firm KKR is reportedly seen as the party to beat as it competes with Cellnex Telecom in the final race for a stake in Vodafone's towers unit, Vantage Towers.
Read moreVodafone creates new German JV with Altice
17th Oct 2022 07:35
(Sharecast News) - Telecommunications giant Vodafone has created a new joint venture with French firm Altice to deploy fibre-to-the-home services to up to 7.0m German homes over a six-year period.
Read moreBerenberg lowers target price on Vodafone
10th Oct 2022 12:34
(Sharecast News) - Analysts at Berenberg lowered their target price on shares of telecommunications giant Vodafone from £1.35 to £1.15 on Monday, stating the group was at risk of slipping into European decline.
Read moreSector movers: Telecoms, homebuilders pace gains
3rd Oct 2022 16:06
(Sharecast News) - Interest rate sensitive sectors were topped the leaderboard after the government walked back on a proposed tax cut for top earners.
Read moreVodafone and Three step up merger talks - report
3rd Oct 2022 11:03
(Sharecast News) - Vodafone confirmed on Monday that it is in talks with Hong Kong-based CK Hutchison about a possible merger of its UK business with Three UK.
Read moreSunday newspaper round-up: British Steel, Takeovers, Credit Suisse
2nd Oct 2022 16:23
(Sharecast News) - Jingye Group, the Chinese outfit that brought British Steel out of insolvency in 2020, has told ministers that its two blast furnaces would not be viable unless financial support from taxpayers was forthcoming. In remarks to Sky News, insiders said the company may need "hundreds of millions of pounds" in order to keep the company's blast furnaces in Scunthorpe, north Lincolnshire, operational. It remained nevertheless unclear whether the rescue package would take the form of a grant or loan. - Sunday Telegraph
Read moreVodafone announces departure of two executive committee members
29th Sep 2022 07:56
(Sharecast News) - Vodafone announced on Thursday the retirement of two members of its group executive committee.
Read moreDeutsche Bank stays at 'buy' on Vodafone, says shares 'cheap'
22nd Sep 2022 08:26
(Sharecast News) - Analysts at Deutsche Bank reiterated their 'buy' recommendation for shares of Vodafone, saying that the shares were "cheap" even while conceding that it had been a "disappointing" year thus far.
Read moreFrench billionaire Xavier Niel snaps up 2.5% stake in Vodafone
21st Sep 2022 10:01
(Sharecast News) - Atlas Investissement, an investment vehicle of French billionaire businessman Xavier Niel, has snapped up a 2.5% stake in Vodafone.
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