Vodafone Financial & Performance – Page 12
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PremiumVodafone Group Q2 FY19-20: Duo double down on reforms
Leadership reach for scalpel again; new savings plan in pipeline and asset sales remain high on agenda. Debt increase stresses diminishing cash wiggle-room; focus remains on cash flow improvement. Patchy Q2 trends: major OpCos spluttering, but Group inches back into growth.
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Suppliers & SCMVodafone Idea rallies the supplier troops
Mavenir, Nokia, Optiva, Red Hat, and TCS engaged via integration plan. CTO reasserts June 2020 deadline for accelerated programme.
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PremiumVodafone Idea condition “critical” after €5bn blow
VfI under enormous financial pressure after DoT court victory. Further rumours of India exit; Vodafone describes them as “baseless”. Added doubts over VfI participation in upcoming spectrum auction.
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PremiumRoW-back goes on: retreat overhangs Vodafone's Q2 numbers
One-time bearer of Vodafone’s growth ambitions slowly fading away. Organisation set for major recalibration in 2020. Vodafone’s interest no longer appears to extend beyond Vodacom.
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PremiumVodafone Hutchison Australia axes 150 jobs
Australian joint venture axes call centre jobs, citing 5G rollout costs and regulatory obstacles.
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Suppliers & SCMVodafone Group joins IBM push to better manage suppliers
Vodafone part of IBM-led consortium to develop Trust Your Supplier blockchain network. Wilson envisions easier onboarding of smaller suppliers.
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Strategy & ChangeVodacom Group attempting to combat vandalism problem
Each year, as many as 500 of Vodacom’s South African sites are damaged.
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Public AffairsVodacom repeats plea for end to spectrum dilly-dallying
SA spectrum stoppage continues to disrupt Vodacom planning. Government digs heels in for mid-2020 decision; dreaded WOAN still alive. VdSA response includes 2G voice network closure.
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PremiumVodafone Idea partners feel squeeze from merger meld
Signs of tech vendor challenges and frustration in converting sales. Broader operator downturn exacerbating difficulties.
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PremiumVodafone UK’s infrastructure partners considering ‘full-fibre’ collaboration
Sands continued to shift in the UK’s fledgling ‘full-fibre’ scene with news of possible resource-pooling by multiple current and prospective Vodafone UK (VfUK) infrastructure partners.
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PremiumVodafone’s Spanish wireline could be next asset on block
Vodafone Spain quietly testing demand for fixed-line infrastructure. Possible follow-up to Orange and Másmóvil fibre-sharing deals.
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PremiumVodafone Group management update: Q1 FY19–20
Pickup seen following revenue slump, but leadership still focused on asset sales to reduce debt and preserve cash flow. Read primes stakeholders for multi-billion euro tower reorg.
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PremiumVodafone Group awarded compensation from the UK Government
Vodafone received £740,000 in costs, after UK Government’s error assessing bids.
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PremiumVodafone Idea looking to close M-PESA payments platform
VfI hinted at plans to close M-PESA payments platform, after booking hefty impairment charge.
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Public AffairsVodafone Hutchinson Australia fined for misleading billing service
VHA admitted it had made false or misleading representations about its third-party direct carrier billing service, agreeing to refund customers.
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Products & ServicesVodacom South Africa launches m-payment offering
VdSA collaborated with MasterCard to create VodaPay Masterpass.
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PremiumVodafone Ghana and Zenith Bank begin mobile financial services partnership
VfGh and Zenith Bank begin partnership to offer mobile financial services.
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PremiumVodafone Group on board for arms-length Oman entry
Vodafone on verge of extending Middle East presence in “strategic partnership” with local investment funds.
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PremiumVodafone Q4 FY18-19 spend: offset on track
With well drying up and 5G costs rising, leverage reduction is focus for “next few years”. Opex savings plan ahead of schedule, says Della Valle. Fibre splurge looks over, with capex reins kept on tight.