VOD.L - Vodafone Group Plc

LSE - LSE Delayed price. Currency in GBp
129.34
+2.44 (+1.92%)
At close: 4:38PM BST
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Previous close126.90
Open128.06
Bid129.46 x 0
Ask129.48 x 0
Day's range127.62 - 129.80
52-week range122.22 - 188.46
Volume71,517,356
Avg. volume88,863,825
Market cap34.569B
Beta (3Y monthly)1.30
PE ratio (TTM)N/A
EPS (TTM)-28.20
Earnings dateN/A
Forward dividend & yield0.08 (6.24%)
Ex-dividend date2019-06-06
1y target est2.01
  • Vodafone Idea Picks Banks for $1.9 Billion Fiber Sale
    Bloomberg2 days ago

    Vodafone Idea Picks Banks for $1.9 Billion Fiber Sale

    (Bloomberg) -- Vodafone Idea Ltd. has hired Bank of America Corp. and Morgan Stanley to help sell its fiber assets as India’s largest mobile carrier by users seeks to bolster its finances, people familiar with the matter said.The bankers will initiate discussions with potential buyers for the fiber assets, which could be valued at as much as 130 billion rupees ($1.9 billion), the people said, asking not be identified as the talks are private.A final decision has yet to be made on the valuation and the stake to be sold, and the company could bring in more banks for the sale, the people said. Representatives for Vodafone Idea and Morgan Stanley declined to comment, while a Bank of America spokesman didn’t immediately respond to requests for comments.A deal, if successful, would help the phone-service provider add to the funds it’s been raising to pare debt and fend off rivals Bharti Airtel Ltd. and billionaire Mukesh Ambani’s Reliance Jio Infocomm Ltd., an upstart that upended the market after its debut in 2016. In April, Vodafone Idea raised 250 billion rupees from a rights issue, building a war chest as India readies for a 5G network.Vodafone Idea, which was formed by the merger of Vodafone Group Plc’s local unit with tycoon Kumar Mangalam Birla’s Idea Cellular Ltd., has reported losses in every quarter since the deal was announced in 2017.Both Bharti Airtel and Vodafone Idea top the list of Asian peers with highest borrowings, according to data compiled by Bloomberg.Mumbai-based Vodafone Idea is in the process of transferring all of its fiber assets into a separate company before the sale. The unit has about 158,000 kilometers (98,177 miles) of fiber, according to a presentation posted on its website in February.Shares of Vodafone Idea fell 5.4% on Thursday, the biggest drop in almost two months. The stock declined 50% this year, while India’s benchmark Sensex index rose 7.8%.(Updates to add shares performance in the final paragraph.)To contact the reporters on this story: Baiju Kalesh in Mumbai at bkalesh@bloomberg.net;P R Sanjai in Mumbai at psanjai@bloomberg.netTo contact the editors responsible for this story: Fion Li at fli59@bloomberg.net;Sam Nagarajan at samnagarajan@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • EU clears Vodafone's $22 billion Liberty deal
    Reuters3 days ago

    EU clears Vodafone's $22 billion Liberty deal

    BRUSSELS/LONDON (Reuters) - 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 provider of superfast broadband and pay-TV, rather than just a pure mobile provider. The strategy, launched by former CEO Vittorio Colao, is designed to increase customer spending and deepen user loyalty.

  • Reuters - UK Focus3 days ago

    UPDATE 1-EU clears Vodafone's $22 billion Liberty deal

    BRUSSELS/LONDON, July 18 (Reuters) - 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 provider of superfast broadband and pay-TV, rather than just a pure mobile provider.

  • Reuters - UK Focus3 days ago

    Vodafone wins EU approval for Liberty Global deal

    Vodafone secured on Thursday antitrust approval from the European Union for its $22 billion bid to buy Liberty Global's cable networks in Germany and central Europe after offering concessions in May. Vodafone, the world's No. 2 mobile operator, is looking to the deal to help it better compete with German market leader Deutsche Telekom. It offered to strengthen rival Telefonica Deutschland by giving it access to its merged high-speed broadband network after the European Commission said the deal may reduce competition in Germany and the Czech Republic.

  • Reuters - UK Focus4 days ago

    Kenya orders deportation of 17 foreign directors of betting firms

    Kenya has ordered the deportation of 17 foreign directors of betting firms operating in Kenya, the interior ministry said on Wednesday, almost a week after ordering telecoms firm Safaricom to stop processing payments for sports betting firms. Online sports betting companies such as SportPesa have grown rapidly in the East African nation in recent years, riding a wave of enthusiasm for sports, with the government putting their combined revenue at 200 billion shillings ($2 billion) last year, up from 2 billion shillings five years earlier. The interior ministry said on July 1 that regulator Betting Control and Licensing Board had declined to renew licences of 19 firms while it reviewed their operations and shareholding structures.

  • Reuters - UK Focus4 days ago

    UPDATE 2-Telecom Italia considering sale of assets worth 2 bln euros -paper

    Italy's largest phone company, Telecom Italia, is considering a plan to sell assets worth around 2 billion euros ($2.2 billion), including a stake in its separately listed INWIT towers unit, La Repubblica daily said on Wednesday. Telecom Italia (TIM), which controls 60% of INWIT, agreed with Vodafone in February to study the idea of combining their 22,000 telecom masts in Italy in a single unit. The INWIT deal merger would involve TIM selling a small stake and also a major refinancing operation that would help TIM to draw a special dividend as well, la Repubblica said.

  • Vodafone launches 5G in Germany, challenges D.Telekom on price
    Reuters5 days ago

    Vodafone launches 5G in Germany, challenges D.Telekom on price

    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 antennae in 20 German towns and cities - a figure that Deutsche Telekom only expects to reach next year. "We are democratising 5G," Vodafone's Germany chief Hannes Ametsreiter said in a statement.

  • Australia watchdog says Vodafone misled customers over digital purchases
    Reuters5 days ago

    Australia watchdog says Vodafone misled customers over digital purchases

    Vodafone, Australia's third-largest telecom operator, has agreed to refund the wronged customers and accepted that it made misleading claims about its third-party direct carrier billing service, the Australian Competition and Consumer Commission (ACCC) said in a statement. "Through this service, thousands of Vodafone customers ended up being charged for content that they did not want or need, and were completely unaware that they had purchased," ACCC Chairman Rod Sims said. The digital content that could be bought with as little as one or two clicks was marketed and provided by third parties who paid Vodafone commissions for sales.

  • Reuters - UK Focus6 days ago

    UPDATE 2-Huawei to invest $3.1 bln in Italy but calls for fair policy on 5G - country CEO

    China's Huawei Technologies said it would invest $3.1 billion in Italy over the next three years, as the Chinese telecoms giant called on Rome to ensure the "transparent, efficient and fair" use of its 'golden power' on 5G network development. Speaking at an event in Milan on Monday, the chief executive of the telecoms giant's Italian unit, Thomas Miao, said Italy's golden power - which allows the state to intervene in the private sector in the defence of national security - should be extended to all vendors in the European Union.

  • Could the Vodafone share price become the next BT?
    Fool.co.uk8 days ago

    Could the Vodafone share price become the next BT?

    Vodafone plc (LON: VOD) shares are under pressure, but could the stock have further to fall like BT Group - class A common stock (LON:BT-A)?

  • Reuters - UK Focus9 days ago

    Italy beefed up 'golden power' with Chinese 5G vendors in mind - source

    Italy has beefed up its "golden power" over the private sector partly due to concerns over the potential involvement of Chinese firms Huawei Technologies and ZTE Corp in the development of 5G networks, a government source said on Friday. On Thursday night, the government used an urgent legislative decree to strengthen its existing power to intervene in the private sector to defend national security and other national interests.

  • Vodafone executives cut share awards by 20% to reflect low stock price
    Reuters11 days ago

    Vodafone executives cut share awards by 20% to reflect low stock price

    Vodafone's chief executive and finance boss have voluntarily cut their share bonus awards by 20% to reflect the poor performance of the mobile operator's stock over the last year, during which it cut its dividend for the first time. CEO Nick Read, who took the top job in October, will give up about 972,000 shares, worth 1.28 million pounds ($1.60 million) at Wednesday's share price. After the cut, he will be awarded 3.89 million shares in the 2020 incentive plan, worth 5.1 million pounds, the company said.

  • Reuters - UK Focus13 days ago

    UPDATE 3-Imperial Brands drops dividend growth target, plans $251 million share buyback

    British tobacco company Imperial Brands Plc will drop its 10% dividend growth target from next year to focus on developing its e-cigarette portfolio and plans to buy back shares worth up to 200 million pounds ($251 million). The company said on Monday it would increase its dividend payouts annually, but through a more progressive dividend policy that would take into account underlying business performance. "Imperial Brands' shares are popular among retail investors for their generous pay-out," Russ Mould, investment director at AJ Bell said.

  • This is what I’d do with the Vodafone share price right now
    Fool.co.uk14 days ago

    This is what I’d do with the Vodafone share price right now

    Roland Head explains why he's starting to turn positive on Vodafone Group plc (LON:VOD).

  • Reuters16 days ago

    TIM to extend 5G services to 6 more Italian cities by year-end

    Italy's biggest phone company, Telecom Italia (TIM), plans to extend 5G services to six more Italian cities as well as dozens of tourist spots and business hubs by the end of the year. TIM has already begun 5G services in Rome, Turin and Naples, is testing them in southern cities of Matera and Bari and plans to move next in Milan, Bologna, Verona and Florence by year-end. The group plans to cover 120 Italian cities within two years, or 22% of the population, it said in a statement.

  • Reuters16 days ago

    TIM to extend 5G services to six more Italian cities by year-end

    Italy's biggest phone company, Telecom Italia (TIM), plans to extend 5G services to six more Italian cities as well as dozens of tourist spots and business hubs by the end of the year. TIM has already begun 5G services in Rome, Turin and Naples, is testing them in southern cities of Matera and Bari and plans to move next in Milan, Bologna, Verona and Florence by year-end. The group plans to cover 120 Italian cities within two years, or 22% of the population, it said in a statement.

  • Reuters - UK Focus16 days ago

    UPDATE 2-Ethiopia to issue two telecom licences, minority stake in monopoly -official

    Ethiopia will award two telecoms licences to multinational mobile companies, a senior official said on Friday, in the first detailed announcement of the government's plans for opening one of the world's last major closed telecom markets. The government will also offer a minority stake in Ethio Telecom, the monopoly operator, and foreign firms will be invited to bid. "We have announced the market structure as 'two plus one'," State Minister of Finance Eyob Tekalign Tolina told Reuters by telephone, referring to the two new licences and a 49 percent stake in Ethio Telecom, the monopoly operator.

  • Vodafone launches 5G in Britain with unlimited data plans
    Reuters18 days ago

    Vodafone launches 5G in Britain with unlimited data plans

    Vodafone switched on its 5G network in seven British cities on Wednesday, aiming to set itself apart in its home market from rival EE by offering unlimited data plans that include the high-speed service at no premium. Nick Jeffery, chief executive of Vodafone UK, said offering unlimited data plans to both consumer and business customers would revolutionize the mobile market. Jeffery said Vodafone had examined how consumers used their devices and how it managed its network, including the efficiencies offered by 5G technology, before deciding to switch to unlimited data plans.

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