Vodafone has grown ‘too fat’ warns French activist investor December 11, 2022 The French activist investor keeping Vodafone’s board on its toes said this weekend that the telecoms giant had become “too fat, too slow (and) too complex.” Xavier Niel, who holds a significant chunk of the firm’s shares, told the Sunday Times the giant needed to sell infrastructure and “smaller non-core assets in order to regain [...]
UAE telcos Emirates ups stake in Vodafone December 7, 2022 United Arab Emirates-based Emirates Telecommunications upped its stake in Vodafone to 11 per cent this morning, but dismissed that it would make any grand swoop for the British telecoms firm. Vodafone’s biggest shareholder, once known as Etisalat Group, upped its stake by one per cent, stating that the rationale for investment was “unchanged” from the [...]
Vodafone group CEO Nick Read to step down within weeks December 5, 2022 Vodafone chief Nick Read will exit the company at the end of December as its share price continues to plunge and investors are left increasingly disgruntled. After four years at the top spot, Read steered Vodafone through the pandemic, narrowing the company’s focus on Europe and Africa, and cutting costs. Nonetheless, telecom expert at CCS [...]
Vodafone shares slump as it ups cost savings and slashes earnings November 15, 2022 Vodafone shares are on track to hit their lowest point since 1997 this afternoon, paving the way for things to go from bad to worse for the FTSE 100 firm. Not only did the telecoms giant slash its forecasts for the coming year, but it also announced a new cost savings target of over €1bn [...]
Vodafone sells towers stake in £14bn consortium deal November 9, 2022 Vodafone agreed to sell a hefty stake in its phone mast business this morning to KKR and Global Infrastructure Partners in a deal valuing the firm €16.2bn (£14.3bn). The FTSE 100 firm said in a statement that it had agreed a €32-a-share deal for Vantage Towers, allowing Vodafone to move its 81.7 per cent holding into [...]
EU court adviser throws spanner in the works for telcos consolidation October 20, 2022 A top EU lawyer has undermined hopes of consolidation in the telcos sector after it backed a 2016 ruling that blocked a major £10.3bn merger. It comes after Advocate-General for the EU Court of Justice (ECJ) Juliane Kokott said this morning that a previous ruling involving Telefónica’s O2 and CK Hutchison’s Three, which went against [...]
Connecting? Vodafone confirms merger talks with Three UK October 3, 2022 Vodafone confirmed it was in merger talks with Three UK this morning, setting the scene to become the largest mobile telecoms supplier in Britain. The FTSE 100 firm said it was in discussions with CK Hutchison, Three’s Hong-Kong parent company, with the view of combining the two UK arms, with Vodafone owning 51 per cent [...]
All change at the top of Vodafone as two members of executive committee retire September 29, 2022 It’s all change at the top of Vodafone as the company announces two members of its top committee have retired. Rosemary Martin and Johan Wibergh will step away from their roles after almost 20 years working for the company collectively. Martin retires as croup general counsel and secretary while Wibergh leaves as the group’s chief [...]
Vodafone takes crown once more as UK’s most valuable brand September 29, 2022 Vodafone has been named as the UK’s most valuable brand for the fifth year in a row, beating heavyweights HSBC and Shell to the top spot. The country’s top 75 brands are now collectively worth $282.9bn, up by one per cent year on year, the Kantar BrandZ Most Valuable UK Brands 2022 report has stated. [...]
Vodafone mulls £12bn phone mast sale to drive down debt September 25, 2022 Vodafone is looking to sell off its phone mast division, just days after French telcos giant Xavier Niel snapped up a stake in the firm. According to reports from This is Money, the £12bn sale could clear the company’s £36m debt, and ignite investor confidence in the beleaguered stock, which has tumbled nearly 14 per [...]