Vodafone seals £6bn deal to buy Spain’s Ono March 17, 2014 VODAFONE is expected to today announce that it has secured a deal to buy Spanish cable operator Ono with an offer that values the firm at around €7.2bn (£6bn). Ono is the second-largest provider of broadband internet, pay television and fixed services in Spain, a market in which Vodafone has seen a reduction in both [...]
Ono investors reject second Vodafone bid March 13, 2014 ONO SHUNNED Vodafone’s improved takeover bid yesterday as the Spanish cable operator continues to race forward with plans for an initial public offering (IPO). Ono’s shareholders – including investment funds Providence Equity Partners, Thomas H Lee Partners and Quadrangle Capital – voted to proceed with IPO plans over coming weeks, despite Vodafone’s offer which was [...]
Vodafone’s second Ono takeover bid in deciding vote tomorrow March 11, 2014 SHAREHOLDERS of Spanish cable operator Ono will consider Vodafone’s second takeover bid tomorrow, understood to be an improved offer of between €7bn (£5.8bn) and €8bn. Last month Ono rejected Vodafone’s initial bid of €7bn, instead sticking to its original plan to pursue a public float. People close to the deal told City A.M. that Ono’s [...]
Vodafone launches partnership with Malala Yousafzai March 3, 2014 Mobile technology could bring 5.3m people out of illiteracy by 2020, according to telecoms operator Vodafone, which has released it's Vodafone Connected Women report. The research undertaken by Accenture and Oxford University's Said Business School, concluded that limiting female illiteracy in developing countries would allow women to gain new employment opportunities leading to an increase [...]
Vodafone gives details on £51bn share windfall February 19, 2014 VODAFONE yesterday outlined how it will distribute £51bn back to shareholders in the wake of the $130bn sale of the group’s stake in Verizon Wireless. Vodafone shareholders will receive 0.026 Verizon shares for each Vodafone share they own as part of the payout at 8am on 24 February. The FTSE 100 telecoms operator also said [...]
Why this analyst feels Vodafone needs a little love February 17, 2014 Telecoms operator Vodafone is in need of some love, according to an analyst from Macquarie, now that a buyout from AT&T has been taken off the table. “Vodafone’s recent results and its increasingly visible structural challenges signal the company is in desperate need of some love,” said analyst Guy Peddy in a note today. [...]
Vodafone waits as Ono weighs up takeover bid February 10, 2014 VODAFONE could secure a €7bn (£5.4bn) deal to buy Spain’s largest cable operator Ono as soon as today. Ono’s owners had been planning an initial public offering (IPO) this year to capitalise on a wave of investor interest in the increasingly successful cable sector. Vodafone is reported to have tabled a €7bn takeover bid – [...]
Vodafone eyes UK broadband and TV markets February 6, 2014 VODAFONE is considering a move into the UK broadband and television market, its chief executive confirmed yesterday, while its UK mobile revenue declined for the seventh consecutive quarter. When asked about Pay-TV chief executive Vittorio Colao said: “We are watching the space. Today, there’s not an urgent need to be there. It could be different [...]
London Report: Vodafone helps FTSE eat further into 2014 losses February 6, 2014 BRITAIN’s top equity index rose for a second straight day yesterday, led by strong gains from heavyweight telecoms group which helped the market recover its poise after a recent five-day losing streak. The blue-chip FTSE 100 index, which had fallen for five straight days during the past two weeks, closed up 100.39 points, or 1.6 [...]
Vodafone sent tumbling after AT&T backs off January 27, 2014 US MOBILE giant AT&T yesterday backed away from a long-rumoured bid for Vodafone, sending the telecoms group shares lower as it promised to stay away for at least six months. In a brief statement released at the request of the UK’s takeover panel, AT&T said it “does not intend to make an offer for Vodafone”. [...]