Split BT and Openreach: £10bn takeover talks with O2 and EE raise competition concerns for Vodafone and TalkTalk November 26, 2014 BT’s biggest rivals voiced competition concerns last night as the former state monopoly continued £10bn takeover talks with the owners of mobile networks O2 and EE. Vodafone and TalkTalk would both call on the regulator to ensure greater separation between BT and its infrastructure arm Openreach, even going so far as to push for the [...]
O2 boasts of 3m 4G customers as it soars past Vodafone and lands behind EE November 12, 2014 Telefonica’s UK network O2 added 319,000 new users in the third quarter, giving the UK’s second largest operator a customer base of over 24m. Chief executive Ronan Dunne told reporters that this figure now included more than 3m 4G customers, nearly double Vodafone’s 1.4m 4G customers, putting the network in solid second place behind EE’s [...]
Vodafone’s UK broadband plan to counter BT: “If they come harsh on mobile, we will come harsh” November 11, 2014 Vodafone is preparing to take BT head on next year, when it launches broadband and TV offerings in the UK to challenge the former state monopoly’s plan to encroach on its turf with a mobile service. Chief executive Vittorio Colao did not say how Vodafone would price its broadband or TV when it launches in [...]
Vodafone and Sainsbury push FTSE 100 slightly up – London Report November 11, 2014 The FTSE 100 yesterday advanced to its highest level in more than a month, as a rise in mobile operator Vodafone and supermarket retailer Sainsbury offset a slump in energy stocks. The blue chip index closed up by 0.2 per cent, or 16.15 points, at 6,627.40 points – its best closing level since late September. [...]
Vodafone share price rises as profits dive but beat expectations November 11, 2014 Shares in Vodafone rose more than five per cent in mid-morning trading, despite the fact figures it published today showed pre-tax profits collapsed 73 per cent to £406m in the six months ended 30 September. However, forecasts for core earnings were raised. Basic earnings per share took a heavy hit, falling almost 70 per cent. [...]
Vodafone plans to hike dividend November 9, 2014 TELECOMS giant Vodafone is set to raise its dividend by between two and five per cent tomorrow as the group reports its half-year results. The move comes as analysts predict that the FTSE 100-listed firm will report a 12 per cent fall in earnings to £5.8bn. Earnings are likely to have been weighed by its [...]
Vodafone probe into allegation of fraud at Ono October 27, 2014 Vodafone has launched a probe to investigate an allegation of fraud at Ono, the Spanish cable company which the mobile phone giant took over in July this year. The allegation relates to a possible tax fraud in part of Ono’s business, which could have over-inflated the company’s profits ahead of the takeover deal, which was [...]
Vodafone in 5G research deal with Dresden September 25, 2014 VODAFONE has agreed a partnership to develop next generation mobile technologies, based around so-called 5G, with Dresden University of Technology. The partnership will see Dresden join a fleet of universities already working with the operator on research efforts, including University of Surrey, King’s College London and Carnegie Mellon University in the US. “While 5G is [...]
Vodafone saves nearly 900 jobs with Phones 4U buyout September 20, 2014 Vodafone announced yesterday that it is buying 140 Phones 4U outlets – a move that will save 887 jobs as the troubled retailer enters administration. Earlier this week, Phones 4U closed its 550 standalone stores after EE became the last mobile operator to terminate its sales through the stores. PwC, the company overseeing [...]
Phones 4u administrator could sell parts of the business to Vodafone and EE September 16, 2014 The administrator for Phones 4u is in talks to sell off parts of its business to EE and Vodafone, according to reports. The two mobile operators recently withdrew their business in Phones 4u, causing the high street mobile retailer to collapse into administration. The Financial Times has reported that the same two companies are now [...]