Saturday, 19 October 2019

Tag Archives: Vodafone

Vodafone appeals move to ease price caps on BT business lines

LONDON: Vodafone UK is seeking to overturn a move by regulator Ofcom to relax restrictions on how much BT can charge for business fibre connections, saying it will result in higher bills for companies, universities and hospitals. Ofcom had already eased price regulation in central London in a review in ...

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EU clears Vodafone’s $22 billion Liberty deal

BRUSSELS/LONDON: Brussels gave its blessing to Vodafone’s $22 billion purchase of Liberty Global’s cable networks in Germany and central Europe, clearing the way for the British company to become Europe’s largest mobile, broadband and TV provider. The deal is the standout move by Vodafone in its bid to become a ...

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Vodafone launches 5G in Germany

FRANKFURT: Vodafone said on Tuesday it was launching 5G services in Germany, taking on Deutsche Telekom by offering cheaper deals and reaching more cities than the market leader that went live last week. Vodafone, which has already launched limited 5G services in its British home market, is switching on 5G ...

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Vodafone joins EE in offering 5G in UK

LONDON: Vodafone on Wednesday launched its 5G service in the UK, but without smartphones from controversial Chinese technology giant Huawei. By sidelining Huawei phones, Vodafone has mirrored action by EE, the first UK provider to roll out the technology that offers almost instantaneous data transfer with its own launch at ...

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Vodafone says to cut up to 1,200 jobs in Spain

MADRID: Vodafone said it planned to cut up to 1,200 jobs in Spain as it streamlines its organisation to cope with a drop in revenue and profits in a fiercely competitive telecommunications market. In a statement, the group said it would kick off consultations with worker representatives at the end ...

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Vodafone’s new CEO to cut costs, review tower assets

LONDON: Vodafone’s new chief executive  said he would reduce operating costs by 1.2 billion euros by 2021 and review its tower assets to drive returns after its organic revenue grew by 0.8 percent in the first half. “My new strategic priorities focus on (…) radically simplifying our operating model and ...

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Vodafone buys Liberty Global assets for 18.4 bn euros

LONDON: British telecommunications giant Vodafone agreed Wednesday to buy a raft of US cable giant Liberty Global’s European activities for 18.4 billion euros ($21.9 billion), which it said would catapult it into being the largest operator in the EU. The deal, worth the equivalent of £16.1 billion, will see Vodafone ...

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Vodafone confirms Liberty Global European assets talks

LONDON: Vodafone Group opened discussions with Liberty Global on acquiring parts of the cable company’s European business, amid rumours the deal would form an asset swap similar to a proposal abandoned three years ago. In a brief media statement, Vodafone Group said it was in: “Early stage discussions with Liberty ...

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Vodafone upgrades its growth forecast

LONDON: Vodafone upgraded its financial forecasts after it reported better than expected performance in the first half of the year, assisted by a £100m compensation cheque from BT’s network business Openreach. The telecoms giant said it now expects organic earnings before interest, tax, depreciation and amortisation to increase by around 10pc ...

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Vodafone’s Indian unit and Idea Cellular announce merger

MUMBAI: UK telecoms giant Vodafone has merged its Indian business with Idea Cellular, India’s third-largest network, to create the country’s largest operator. The combined company will have almost 400 million customers, accounting for 35% of the market share, the firms said in a statement. The announcement ends months of speculation ...

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