Revenue and OIBDA down 11% as COVID‑19 and currency fluctuations hit. Guidance on cash flow just about achieved; stabilisation a focus for 2021. Dividend down 25% as COVID‑19 challenges continue and 5G auctions loom. Infra picking up minority stakes in Group infrastructure; Tech growth solid.
Oi finalises mobile asset sale to three‑strong consortium of Claro, TIM Brasil, and Vivo. Oi CFO: regulatory approval expected within the year. Trifecta of assets now divested by in‑administration Oi as it seeks route to recovery via fibre.
Greek operator enables first 5G campus network, focused on smart‑manufacturing. Project sees Ericsson further expand 5G reach within DT. PTC and Gizelis Robotics among solution partners.
Analyst estimates TMUS shelled out $11bn for highly prized 5G frequencies. NatCo raises $3bn from debt markets, suggesting financial strain of auction greater than expected. Winning bidders not named until completion of “assignment phase”.
Longstanding partners Ericsson and Nokia sign “multi-billion-dollar agreements”. Operator makes concerted 5G push at 2.5GHz to complement 600MHz rollout. Nordic duo also tasked with providing “advanced technical capabilities”, including voice over NR, NR carrier aggregation, network slicing, and multi-user massive MIMO.
Operator issues three tranches of Senior Notes. Says C-Band auction “may” have something to do with it, as bidding reaches an eye-watering $80.7bn.
US NatCo buys Sprint‑branded wireless assets operated by Swiftel Communications, leaving Shentel as the last remaining Sprint affiliate.
TPG, Telstra, and Optus angle for lion’s share of spoils from the government’s Australian 5G Innovation Initiative. They caution against allocating funds to niche 5G projects and players, arguing it will produce poor returns on taxpayers’ money. Trio advocates MNO-led partnerships as best-suited applicants.
Vodafone Greece leads the pack in terms of spend. Portion of proceeds earmarked for state‑backed startup investment beginning in 2021.
In administration operator Oi takes another step towards recovery with divestment of asset trifecta. Mobile assets won by three‑strong consortium of Claro, TIM Brasil, and Vivo. Vivo adds to spectrum capacity as well as new customers, while TIM still takes the lion’s share.
On a like-for-like basis, Vodafone Group is holding its own in the pandemic so far and leadership appears confident regarding short-term outlook. Longer-term prospects remain a question mark, however, especially as cost-cutting — rather than the top‑line growth — is keeping the Group on a steady course. Asset sales ...
Portuguese OpCo indicates legal battle over auction rules is ongoing.
Vi toes the techco line; Zain not intent on gate-crashing Vodafone Egypt sale.