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Top related persons:
Swisscom - 1 Christoph Aeschlimann - 1 Margherita Della Valle - 1 “ - 1 ” - 1 Sophie Lund - 1 Yates - 1 stockbrokers Hargreaves Lansdown - 1
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British Italy Hungary Ghana London Zurich JOHANNESBURG Ethiopia
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Vodafone - 2 Fastweb - 1 Vodafone Italia - 1 Africa's - 1 Vodacom - 1 Britain's Vodafone - 1 Thomson - 1

Search resuls for: "Britain's Vodafone"


9 mentions found


☆ Britain's Vodafone Confirms Sale of Italian Arm to Swisscom for $8.7 Billion
  + stars: | 2024-03-15 | by ( Associated Press | March | At A.M. | ) www.usnews.com   time to read: +2 min
LONDON (AP) — British cellphone company Vodafone confirmed Friday that it is selling its Italian business to Switzerland’s Swisscom for 8 billion euros ($8.7 billion) and will hand back half of the proceeds to its shareholders through the buyback of company shares. Swisscom, a telecoms operator, will pay in cash that it will finance through new debt. "Fastweb and Vodafone Italia are an ideal fit to create high added value for all stakeholders." Swisscom will pay annual initial charges of 350 million euros, which is expected to decrease over time. ”Its refreshed strategy also has seen it seek to merge its U.K. business with Three U.K. to create Britain’s biggest mobile phone network worth around 15 billion pounds ($19 billion).
Persons: Swisscom, Christoph Aeschlimann, Margherita Della Valle, “, ”, Sophie Lund, Yates, stockbrokers Hargreaves Lansdown Organizations: Vodafone, Fastweb, Vodafone Italia Locations: British, Italy, Hungary, Ghana, London, Zurich
☆ South Africa's Vodacom half-year profit hit by Ethiopia costs
  + stars: | 2023-11-13 | by ( ) www.reuters.com   time to read: +1 min
JOHANNESBURG, Nov 13 (Reuters) - South Africa's biggest telecoms operator Vodacom (VODJ.J) reported a 4.2% drop in half-year earnings on Monday, hit by the cost of starting operations in Ethiopia and higher interest rates. The company, which is majority owned by Britain's Vodafone (VOD.L), co-launched Safaricom Ethiopia last year, betting that the populous nation will power growth after about five years of investment. Group CEO Shameel Joosub said Safaricom Ethiopia has already reached 4.1 million customers and more recently it launched its mobile financial services business M-Pesa there. Group service revenue grew 42.2% to 59.3 billion rand ($3.16 billion), thanks to the acquisition of Vodafone Egypt and rand depreciation against its basket of international currencies. Excluding the contribution of Vodafone Egypt, group service revenue growth was 7.9% or 4.1% on a normalised basis, supported by a resilient performance in South Africa, the operator said.
Persons: Shameel Joosub, Nqobile Dludla, Jacqueline Wong Organizations: Africa's, Vodacom, Britain's Vodafone, Vodafone, Thomson Locations: JOHANNESBURG, Ethiopia, Vodafone Egypt, South Africa
☆ Vodacom reports 6.4% drop in full-year profit
  + stars: | 2023-05-15 | by ( ) www.reuters.com   time to read: +1 min
JOHANNESBURG, May 15 (Reuters) - African telecoms major and South Africa's biggest mobile carrier Vodacom Group (VODJ.J) reported a 6.4% drop in full-year profit due to a local power crisis and other operational activities. Its headline earnings per share, a profit measure used in South Africa, came in at 948 South African cents for the year ended on March 31, down from 1,013 cents posted a year ago. The company, owned by Britain's Vodafone (VOD.L), has been investing to become a pan-African player, a leading financial services firm and strengthen its data offering in South Africa. But those efforts were dampened as South Africa, its biggest market in the region, has been struggling with rolling blackouts for up to 10 hours a day, forcing telecom firms to run their towers and network on diesel-run generators. ($1 = 18.3161 rand)Reporting by Promit Mukherjee; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.
☆ Analysts love these stocks that are flush with cash — giving one over 75% upside
  + stars: | 2023-01-22 | by ( Weizhen Tan | ) www.cnbc.com   time to read: +3 min
"We prefer companies generating cash rather than those that need capital to grow. The higher the free cash flow yield, the better a company's position to meet its debt obligations. A company with a high free cash flow is also able to access cash more quickly in the event of an emergency or opportunity. Using FactSet data, CNBC Pro screened for stocks that boast lots of cash and could be well positioned for a rocky year. U.S.-listed Chesapeake Energy Corporation was the only energy stock to appear on the screen, with its free cash flow yield at nearly 14%.
☆ Vodafone CEO Nick Read to step down
  + stars: | 2022-12-05 | by ( ) www.cnbc.com   time to read: 1 min
Britain's Vodafone Group said on Monday that Chief Executive Nick Read would step down at the end of this year and be replaced on an interim basis by finance chief Margherita Della Valle. During his four years in charge, Read led the mobile group through the pandemic, sold assets to increase its focus on Europe and Africa, and spun out its towers infrastructure into a separate unit. Despite the changes its shares had remained in the doldrums and the group cut its full-year outlook last month. "I agreed with the board that now is the right moment to hand over to a new leader who can build on Vodafone's strengths and capture the significant opportunities ahead," he said in a statement.
☆ Morning Bid: China reopening as volatility ebbs
  + stars: | 2022-12-05 | by ( ) www.reuters.com   time to read: +4 min
What's more, Wall Street's 'fear index' is showing little if any trepidation about the final month of the year. Even though it backed up a bit today, the VIX index of implied S&P500 volatility (.VIX) closed at its lowest in 8 months on Friday. Morgan Stanley updated its China equity recommendation to overweight, citing "multiple positive developments alongside a clear path set towards reopening." China's yuan , surged past 7 to the dollar in onshore and offshore markets - its best levels in almost three months. The China re-opening optimism buoyed the oil price even as OPEC+ nations at the weekend held their targets steady despite last week's market speculation of another output cut.
☆ Kenya's Safaricom targets more fixed Internet users with 5G network
  + stars: | 2022-10-27 | by ( Ayenat Mersie | ) www.reuters.com   time to read: +2 min
[1/2] Pedestrians walk on a sideway outside the Safaricom mobile phone customer care centre in the central business district of Nairobi, Kenya, November 10, 2021. REUTERS/Monicah MwangiOct 27 (Reuters) - Kenya's largest telecoms operator Safaricom (SCOM.NR) launched its 5G high-speed internet service on Thursday, becoming the first firm to deploy the technology commercially in East Africa. The company, whose internet provision business is one of its fastest growing, uses equipment from Nokia (NOKIA.HE) and Huawei (HWT.UL) to power its 5G network. While Safaricom dominates the mobile data market - commanding about a 65% share - it holds only about a third of the fixed data market, data from the Communications Authority of Kenya showed. Customers with compatible phones would however be able to use the network soon, the company said, when it starts selling 5G data packages.
☆ Vodafone and Altice in German tie-up to bring fibre broadband to homes
  + stars: | 2022-10-17 | by ( ) www.reuters.com   time to read: 1 min
LONDON, Oct 17 (Reuters) - Britain's Vodafone (VOD.L) and France's Altice said they would create a joint venture in Germany named FibreCo to provide faster fibre broadband to up to 7 million homes over a six-year period. Vodafone said in a statement on Monday that FibreCo, which will provide fibre-to-the-home connectivity, would invest up to 7 billion euros to build the network, and that the project was in line with its plan to upgrade Vodafone's existing hybrid fibre cable network. Both companies will own 50% in FibreCo in a deal that will be subject to regulatory approval and expected to close in the first-half of 2023. Register now for FREE unlimited access to Reuters.com RegisterReporting by Sarah Young; Editing by Kate HoltonOur Standards: The Thomson Reuters Trust Principles.
☆ French telecoms tycoon Niel buys 2.5% stake in Vodafone
  + stars: | 2022-09-21 | by ( ) www.reuters.com   time to read: +1 min
Register now for FREE unlimited access to Reuters.com RegisterXavier Niel, founder of French broadband Internet provider Iliad, arrives for a hearing on the concentration of media ownership in the country, at the French Senate in Paris, France, February 18, 2022. REUTERS/Sarah Meyssonnier/File PhotoLONDON, Sept 21 (Reuters) - French billionaire telecoms executive Xavier Niel, the founder and majority owner of Iliad, has bought a 2.5% stake in Britain's Vodafone (VOD.L) through an investment vehicle. Register now for FREE unlimited access to Reuters.com RegisterAtlas said it was supportive of Vodafone’s publicly stated intention to pursue consolidation opportunities, as well as its efforts in infrastructure separation. Niel has telecoms investments in nine countries in Europe with nearly 50 million active subscribers and more than 10 billion euros of revenue, Atlas said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Paul Sandle; editing by James Davey and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.
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