Financial & Performance – Page 16
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Strategy & ChangeOrange seeks recipe for success in France after Spanish turnaround
New Orange France CEO cooking up a strong plan for la rentrée. Christel Heydemann remains confident of Spanish merger success.
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Financial & PerformanceQ1 FY23–24: Vodafone Spain rolls back retail presence as review continues
Della Valle confirms that 15% of OpCo’s retail stores have been closed as Vodafone gradually shifts distribution to “more digital channels”.
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Financial & PerformanceQ1 FY23–24: Vodafone’s turnaround trudges on as Della Valle heralds ‘first steps’
CEO Margherita Della Valle claims early efforts are starting to bear fruit as the Group posts revenue growth.
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PeopleVodafone selects former SAP finance chief as CFO
Hiring coup coincides with upbeat results and fuels curiosity over story Della Valle and van Boxmeer spun to lure high flyer.
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Financial & PerformanceVodacom boosts revenue as Egypt proves its worth
Group’s Q1 results showcase strength of Vodafone Egypt addition, but revenue growth recorded with or without the North African OpCo.
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Products & ServicesTNT goes live as BT Sport era comes to close
Rebranded BT Sport replacement goes live across the UK and Republic of Ireland today.
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PremiumVodafone Q1 FY23-24 Guidance: on track despite timing trouble
Energy hedging makes for H1 headwind, but Group on track for FY targets.
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PremiumVodafone Q1 FY23-24 Spend: brand voice earns price hike reinvestment
Reinvestment kicks in for Vodafone after index‑linked price increases, benefitting marketing budgets.
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PremiumVodafone Q1 FY23-24 Headlines: Europe battles on despite stumbles at the top
European markets battle on but Germany, Italy, and Spain still faltering.
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Partnerships & AlliancesSpaceMobile tops up reserves as funding hunt continues
Vodafone partner AST SpaceMobile explains cash standing, following reports.
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Financial & PerformanceBII lauds digital infra investment impact in tough economic climate
BII CEO Nick O’Donohoe sees private sector funding as critical to delivering long-term, sustainable solutions that grants alone cannot provide.
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Financial & PerformanceKenya “talent war” rages as Safaricom focuses on skills
Kenyan operator warns that the talent pool must grow wider and deeper to achieve digital transformation ambitions.
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OperationsTelefónica Tech merges biz units in major reorg
Cybersecurity & Cloud division is now combined with IoT & Big Data unit to create unified portfolio for Group’s B2B customers. Top management stays on board with different areas of responsibility.
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OperationsVodafone extends energy mix transformation with Iberdrola deals
Power purchase agreements signed in Portugal and Spain, adding to German equivalent.
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OperationsSix Vodafone offices and data centres up for sale
Sites worth a total of approximately £100m listed for sale.
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Financial & PerformanceBT Business boosted as Consumer made to pay its way
Reallocation of costs one month after FY22–23 announcement sees Consumer profitability and cash flow contribution slimmed down as Enterprise sees improvements.
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Venturing & Investments3i Infrastructure injects €24m into fibre provider DNS:NET
Investment will fund continued expansion of DNS:NET’s fibre network in Germany. Former Truphone Chief Executive Ralph Steffens appointed as co-CEO.
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Strategy & ChangeBT pension remains a block on Openreach spin-out potential
As BT and pension trustees continue with deficit-clearing plans, any activity that threatens disruption to progress could be vetoed.
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Suppliers & SCMVi finances prompt questions from would-be 5G kit partners
Indian operator claims progress in OEM deliberations, but reports suggest Ericsson and Nokia are proceeding with caution.
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PremiumVi hunts for funds in latest survival plan
Indian operator reportedly set to earn further equity infusion from Vodafone.