Vodafone AGM not so tweet for Gerard Kleisterlee as UK Uncut hijacks hashtag July 29, 2014 Anticipation of vast protests over tax arrangements outside Vodafone’s AGM in Paddington yesterday proved wrong, as no placards were brandished outside the Hilton, allowing shareholders and chairman Gerard Kleisterlee to enter un-heckled. But that was possibly because the heckling took place elsewhere – on Twitter. UK Uncut, the anti-austerity group, took over #VodfoneAGM and [...]
Vodafone in Portugal deal to reach 900,000 homes with fibre networks July 21, 2014 Telecoms giant Vodafone has agreed a 25-year deal between its Portuguese subsidiary and Portugal Telecom to deploy and share fibre networks to 900,000 Portuguese homes. The agreement comes into effect in December, giving each company the potential to reach an additional 450,000 customers. The deal fits neatly into Vodafone Portugal’s aim to reach 1.5m homes [...]
Vodafone strikes fibre share deal with Portugal Telecom to reach 900,000 homes July 21, 2014 Telecoms giant Vodafone has announced a 25-year deal between its Portuguese subsidiary and Portugal Telecom to deploy and share fibre networks to 900,000 Portuguese homes. The agreement comes into effect this December, giving each company the potential to reach an additional 450,000 business and residential customers. The deal fits neatly into Vodafone Portugal's target to [...]
Vodafone to talk to machines with Cobra Automotive deal June 16, 2014 VODAFONE yesterday announced its intention to buy Cobra Automotive Technologies for €1.49 per share in cash, in a deal worth €145m (£115m). The Italian firm specialises in car electronic services including vehicle tracking, usage-based insurance and security to the car industry. The deal comes as Vodafone seeks to expand its range of machine to machine [...]
Vodafone set to buy Cobra Automotive Technologies June 16, 2014 Vodafone has announced its intention to launch a voluntary takeover of Cobra Automotive Technologies for €1.49 per share in cash, valuing the company's entire fully diluted ordinary share capital of Cobra at €145 million (£115m). Cobra has operations in a host of countries including China, Brazil, Japan and the UK and is listed on the [...]
Vodafone to bring its high tech incubator to London June 3, 2014 Silicon Valley is coming to Paddington this year as Vodafone’s xone research hub – tasked with building and testing next generation mobile technologies – will shut down its US operations and move to the capital. Vodafone's xone London hub will help to incubate local startups, between 10 and 20 at a time, who are exploring apps or [...]
Vodafone’s plan for investment scares traders May 20, 2014 VODAFONE led the FTSE 100 fallers yesterday after warning that crucial network investments would drag on its profits next year. Chief executive Vittorio Colao said the company would have to “muscle up” in countries like the UK and Germany in order to better compete. Vodafone said this additional investment would reduce its profits to between [...]
London Report: Vodafone and Marks weigh down on FTSE May 20, 2014 SELL-OFFS in mobile operator Vodafone and retailer Marks & Spencer dragged down Britain’s blue-chip equity index yesterday, after disappointing forecasts from both companies. The benchmark FTSE 100 index closed down by 0.6 per cent, or 42.55 points, at 6,802.00 points. Vodafone took the most points off the FTSE as it fell by 5.5 per cent [...]
Fierce competition hits Vodafone profits May 20, 2014 Vodafone has reported a fall in group revenue of of 1.9 per cent to £43.6bn, with organic service revenue declining 4.3 per cent for the year to 31 March. The company reported a hefty fall in adjusted profit before tax of 40 per cent to £6.5bn, while EBITDA came in at £12.8bn slighlty below the [...]
Ex-boss of the stock exchange to join Vodafone board as non-exec May 19, 2014 FORMER London Stock Exchange (LSE) chief executive Dame Clara Furse has been snapped up by Vodafone, and will take a non-executive position on its board. The firm announced yesterday that Furse, who headed up the LSE for eight years, will also become a member of Vodafone’s audit and risk committee. The appointments begin in September this [...]