All Nick Read articles – Page 4
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Public AffairsÁlvarez-Pallete lambasts regulators for being stuck in the past
If WhatsApp et al are not regulated, then neither should Telefónica, he says. Álvarez-Pallete accuses Spanish regulator of dragging its feet over reforms.
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Network & InfrastructureVodafone continues 5G drive with German standalone launch
Vodafone Germany first to launch SA network in country. Claims more than ten million customers can already access services from home. Partners with DAZN to test 5G mobile streaming of the German Bundesliga. Moves continue notable European 5G ramp-up for Vodafone in 2022.
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Strategy & ChangeVodafone to roll out hybrid working, shrink Newbury HQ
Vodafone seeks sale and leaseback options for The Connection HQ, new Manchester and Newark hubs, and repurposed Stoke-on-Trent site all part of shift to permanent “blended working” model. New approach to work underpinned by “flexibility and trust”, instilling lessons learnt under pandemic conditions.
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M&AVodafone Spain faces new challenge as MÁSMÓVIL turns to Orange
Planned JV would become biggest mobile operator in Spain with more than 20 million subscribers. Vodafone left with fewer options in Spain as two nearest rivals join forces.
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PremiumElsewhere in Vodafone Europe: Spain overtakes Orange in retail
Spanish OpCo reclaims second spot from Orange in retail sector.
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PremiumM&A? We’re on it, insists Vodafone CEO
Activist investor Cevian Capital reportedly wants Vodafone management to push harder on in-market consolidation. Read reiterates claim that “pragmatic” and “open-minded” M&A has always been the plan under his watch, with returns-focused deals in Italy, Portugal, Spain, and the UK in the crosshairs. Vodafone knocks back Iliad bid for ...
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PremiumVodafone Q3 FY21–22: Read asserts “proactivity” on M&A
Management seeks to seize back agenda amid growing City pressure for urgency on assets sales. Minimal progress appears to have been made on Read’s long-term push for four-to-three consolidation. German operation unsurprisingly draws questions following embarrassing missteps.
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PremiumEuropean fragmentation takes centre stage at MWC
Vodafone execs Nick Read and Joakim Reiter take part in MWC 2022 keynotes to deliver consistent messages on “life or death” matter of digital transformation. Pair demands government collaboration once again. Cites Spain’s digitalisation approach as a “blueprint” for countries throughout Europe.
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Public AffairsTearful DT tech boss urges sector to “be human”
Claudia Nemat calls for industry to step up on sustainability and human-centred tech development, amid wave of global crises. DT adapts MWC presence in light of Ukrainian situation. “Intensive discussions” took place over event withdrawal. Robbie Williams demo cancelled.
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Public AffairsEU operator heavyweights want media players to pay their way
Top brass at Deutsche Telekom, Orange, Telefónica, and Vodafone get shirty (again) over network investment “burden”. Sign off on open letter accusing video streaming, gaming, and social media groups of ‘piggybacking’ unfairly. Urgently call on European legislators to introduce rules for a “more proportionate” way of divvying up ...
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Network & InfrastructureDT lays siege to Vodafone Germany’s cable MOB redoubt
Vodafone just can’t catch a break, with even German stronghold tormented by reinvigorated DT in aggressive housing association fibre overbuild play. Double whammy as new laws tear open cushy supply agreements. Vodafone banks on client ennui to minimise imminent damage. DT dismissive, even derisive, of Vodafone’s defence.
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M&AIliad makes move on Vodafone Italy
France-based Iliad Group said to have tabled an offer to Vodafone board last week. Vodafone share price gets short-lived bounce. Read’s self-styled “proactive” approach to M&A under the spotlight (again).
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Financial & PerformanceVodafone’s Q3 deciphered: glad-handing activists; German misfire; IoT, Africa fintech blossom
Management seeks to seize back agenda amid growing City pressure for urgency on asset sales. CEO Nick Read assures Group will be “proactive” in finding returns-focused deals. German user experience misstep takes gloss off solid set of numbers. Price rises planned across Europe, in response to rising costs.
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Financial & PerformanceVodafone under pressure from activist investor to boost shareholder returns
Bloomberg reports Cevian Capital has built up stake in Vodafone. Unnamed sources say Swedish investment firm putting pressure on Read and management team to move more aggressively on M&A. Accuses Vodafone board of lacking experience and strategic know-how in telecoms. Vodafone share price gets bounce after news breaks of ...
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Strategy & ChangeVodafone in the market for London real estate
Reports indicate desire for more office space in London alongside Paddington HQ. Growing software engineering team seemingly looking for desks, with Future Ready hybrid-working model rolling out in parallel.
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M&AVodafone under M&A spotlight in Italy, UK
Group reportedly in consolidation talks with Iliad in Italy. A potential merger with Three UK was also apparently explored. Vodafone keeps head down as rumours swirl. Read keen advocate of European in-market consolidation.
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Strategy & ChangeTelefónica offers redundancy plan to almost 3,000 staff
Unions still not satisfied with latest redundancy offer. Group offers a higher pay increase of 1.5% for 2023.
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M&AAmerican Tower “excited” by tower M&A in Europe
CFO flags possibility of “compelling things” happening in Europe’s tower scene. Cautions, however, that American Tower in no rush for dealmaking. Deutsche Telekom, Cellnex, Orange, and Vodafone also in the mix for tower M&A.
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Strategy & ChangeVodafone’s Wibergh hails speedy integration of former Liberty assets
CTO said 1,000 people are involved in the four-market integration programme. Vodafone TV figures dipped in Germany because of COVID-19. Velocix is supporting GigaTV in Germany.
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PremiumVodafone bulks up with full-fibre wholesale deals
Deals give Vodafone UK access to eight million full-fibre homes by April 2022. VfUK open to more wholesale partnerships. If Virgin Media O2 needs convincing for its wholesale plans, VfUK is interested.