Vodafone Financial & Performance – Page 12
-
Strategy & Change
Teoh tipped to flee TPG once escrow period ends
Operator’s main shareholders Vodafone and Hutchison free to sell shares after 12 July. So too is founder David Teoh, seen likely to up sticks first. Morgan Stanley analyst doesn’t foresee same share price carnage as when Teoh sold 3% stake last December.
-
Strategy & Change
TowerCo agenda in “final stages” as Vodacom targets power resilience
Inter-operator synergies and power supply assurance the top priorities for upcoming TowerCo.
-
Financial & Performance
Vodafone’s FY21–22 message: ‘keep calm and carry on’
Read once again assures shareholders that M&A activity is on the horizon.
-
Partnerships & Alliances
SpaceMobile stays flexible as final testing nears
New funding deal with B Riley provides cash assurance as investment builds ahead of commercial launch.
-
Strategy & Change
All eyes on Read as e& acquires $4.4bn Vodafone stake
Chief Executive Nick Read ‘blindsided’ by announcement ahead of Tuesday’s annual results call.
-
Financial & Performance
Vodafone 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.
-
Financial & Performance
VodafoneZiggo ‘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.
-
Operations
Indus seeks to move on from “nail-biting” Vi crisis
Indian tower giant sees “discomfiting” client payment worries subsiding
-
Partnerships & Alliances
Still 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.
-
Partnerships & Alliances
M-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.
-
Operations
Cost-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.
-
Venturing & Investments
UK’s rebranded BII embarks on new impact investing
British International Investment (BII) embraces broader digital strategy.
-
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.
-
Partnerships & Alliances
SpaceMobile 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.
-
M&A
Indian 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.
-
M&A
Vodafone 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.
-
Premium
Joosub 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.
-
Premium
Vodafone Q3 FY21–22 Guidance: Déjà vu as Group eyes “sustainable growth”
Top brass remains optimistic as COVID-19 recovery continues.
-
Premium
Vodafone 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.
-
Premium
M&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 ...