Vodafone Financial & Performance – Page 10
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Partnerships & AlliancesSpaceMobile stays flexible as final testing nears
New funding deal with B Riley provides cash assurance as investment builds ahead of commercial launch.
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Strategy & ChangeAll eyes on Read as e& acquires $4.4bn Vodafone stake
Chief Executive Nick Read ‘blindsided’ by announcement ahead of Tuesday’s annual results call.
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Financial & PerformanceVodafone Q4 FY21–22: Super apps and fintech investment to drive Vodacom growth
FY21–22 results underline revenue diversification ambitions, with ‘new services’ set to contribute increasing proportion to bottom line.
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Financial & PerformanceVodafoneZiggo ‘prioritises customer experience’, reports “solid” Q1
Preliminary Q1 FY22 results show 37,000 mobile contract additions, taking VfZ beyond five million SIMs. Suffers inevitable impact of losing F1 rights in 2021, though damage appears contained. VodafoneZiggo pledges to supply all customers with 1Gbps connection by the end of the year.
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OperationsIndus seeks to move on from “nail-biting” Vi crisis
Indian tower giant sees “discomfiting” client payment worries subsiding
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Partnerships & AlliancesStill no date for Safaricom Ethiopia launch
STE indicates it is close to reaching network-sharing agreements with Ethio Telecom. Changes to national payments law should pave way for M-PESA.
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Partnerships & AlliancesM-PESA gets interoperability boost in Kenya
Airtel, Telkom, and Safaricom customers granted access to M-PESA till payments. Central Bank of Kenya says first phase will “deepen digitalisation” for businesses. Airtel Money and T-kash equivalents still some way off.
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OperationsCost-cutter and digitiser _VOIS: Vodafone’s agent of change lands in three new Local Markets
Vodafone Intelligent Solutions said to have created new bases in Albania, Turkey, and the UK. Group’s long-term centralisation efforts netted over €1.2bn in savings in the three years to March 2021.
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Venturing & InvestmentsUK’s rebranded BII embarks on new impact investing
British International Investment (BII) embraces broader digital strategy.
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Operations“A country with enormous potential”: Safaricom poised for Ethiopia launch
Safaricom Telecommunications Ethiopia aims to go live on 9 April 2022. Hopes to add M-PESA within the next 12 months. Over 300 staff recruited to work in the country.
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Partnerships & AlliancesSpaceMobile lures Orange with Vodafone template
Evolving cellular broadband provider now claims association with 1.8 billion mobile accesses as commercial plans progress. FY21 results see $80m more cash spent by SpaceMobile, but with $322m still at hand to fuel 2023 first phase launch. Management assures supply chain and satellite slots secure despite global upheaval.
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M&AIndian government urged to speed up Vi equity conversion
Debt-for-equity swap yet to go through after months in limbo. Vi said to believe completion is key to securing further investments. Move would give Indian government a 35.8% stake in Vi.
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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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PremiumJoosub says ‘all systems go’ for spectrum auction
Telkom secures court hearing dates in April 2022, after the auction is due to take place. President Cyril Ramaphosa says auction will start by early-March 2022. Six operators apply to take part, including MTN, Telkom, and Vodacom.
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PremiumVodafone Q3 FY21–22 Guidance: Déjà vu as Group eyes “sustainable growth”
Top brass remains optimistic as COVID-19 recovery continues.
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PremiumVodafone Q3 FY21–22 Spend: CPI+ a “necessary logic”
Price rises planned across Europe, in response to rising costs. Della Valle outlines strategy, but remains vague on details. CPI+ formula embedded in five markets, with more to follow.
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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 Headlines: Germany struggles, Africa bubbles
Group service revenue growth for fifth successive quarter. German user experience blunder takes gloss off solid set of numbers. Read continues to blame COVID-19 for German struggles, despite rivals’ success. Vodacom makes “very good progress” as Vodafone Egypt deal nears.
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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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M&AINWIT eyeing European towers for potential M&A
Vodafone and Telecom Italia TowerCo joint venture lays out framework for “financial flexibility”, enabling M&A when opportunities arise. CEO Giovanni Ferigo claims organic growth remains the focus, but admits interest in smaller European players. Capital allocated to enable inorganic options.