Read infers Group is better placed, post-Colao for economic downturn. Della Valle confirms new, AT Kearney-inspired €1bn cost-cutting plan, after trailering move in late-2019. No disruption to Read’s M&A overhaul, beyond Egypt. Targets hit but glitchy performance, both at OpCos and Vodafone Business.
Facebook features among consortium pals. Sign Vodafone Carrier Services has not been forgotten. Continent’s existing long‑distance networks, including those co‑owned by Group, seen as inadequate.
The latest Vodafone Group news from around the world from Vodafonewatch #186. Group changes see Partner Market expansion; a sustainability pledge; and blockchain endeavours. In Europe: VfUK flagged partnerships in cyber security; VfD continues 5G work; VfIT gets Microsoft deal.
Vodafone has been using Partner Market arrangements since 2002 to create a strategic presence outside its own network footprint. DT is now signalling plans to create competing alliances.
STC to pay $2.4bn for controlling stake in Vodafone Egypt, at modest valuation. Deal aimed to close by mid-2020. Groundwork of _VOIS Egypt separation previously completed.
Self-styled “Intelligent” division nods to shift towards automation and AI.
VfEg becomes first service provider in Egypt to gain the status.
Awkward co‑ownership with incumbent dealt with. A step in recalibration of Shared Services — and possibly VfEg too.
Latest partner/supplier people movement highlights include: Amazon Web Services, Cisco, Hewlett-Packard Enterprise, Red Hat.
Latest people movements include: Aneeqah Vahed, Tanja Vermeulen, Nuno Duarte, Marwan Amin, Zeinab Sono, Tushir Malik, Sahil Verma.
VfEg among the beneficiaries of a local visit in May 2019 by Liam Fox, UK Secretary of State for International Trade The visit was accompanied by the signing of new partnership agreements.