Vodafone Financial & Performance – Page 13
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PremiumVodafone H1 FY21–22 spend: capex boost falls silent, opex squeeze paused
Presentation sees no further update on (somewhat contentious) Group plans for a capex lift to fuel digital services growth. Executives moot another exceptional investment boost in Germany, for fibre rollout. Group Finance’s headline opex reduction programme comes to a temporary halt, amid pandemic effects.
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PremiumQ2 FY21–22 Headlines: Vodafone growth maintained despite B2B, Spain bumps
Group benefits as COVID-19 drag steadily eases. On positive side, forward movement maintained in Germany and UK, and picture improves in super-competitive Italy. Blotches include an apparent step back in growth at Vodafone Business, despite its star billing, and a return to reverse gear in perennially challenging Spain.
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PremiumQ2 FY21–22: Vodafone's Read hypes prospects as M&A talk hots up
Leadership especially bullish on “momentum” and “sustainable growth” after solid Q2 data. Wave of M&A possibilities surround Vodafone only a few months after Group declared portfolio reshaping complete. Report sees Group maintain growth, but with mix of performances across businesses and a glitch on cost-saving progress. Guidance floors raised ...
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Partnerships & AlliancesSpaceMobile lines up 2022 trials with Vodacom
Chairman Abel Avellan says six-month interconnection and testing programme will follow launch of BlueWalker 3 prototype. Lift-off of giant spacecraft may see slight slippage. US startup adds more MNO partners to go-to-market ahead of 2023 debut.
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Financial & PerformanceVodafone: DT and Orange are ‘credible’ tower merger partners
Read confirms either of Vodafone’s big European rivals could end up being an ally as noise continues to increase around an “industrial merger” for Group’s Vantage Towers business.
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M&AINWIT continues to fill M&A kitty
Growing Italian TowerCo building up a €1bn platform for deal-making at end of its latest strategic cycle, in FY23. Expansion plans could give co-parent Vodafone another runner in European TowerCo race, beyond main vehicle Vantage Towers.
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Financial & PerformanceSafaricom confident on Ethiopia despite ‘staff evacuation’
Staff safety and security a priority in Ethiopia, says Safaricom’s Peter Ndegwa, but progress remains on track despite distractions. Break-even forecasts braced for impact of conflict. Employees evacuated from Addis Ababa, according to reports.
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Public AffairsUK government defends Ethiopian mobile investment
Vodafone and CDC investment in Ethiopian mobile operator crops up in parliamentary debate on Tigray humanitarian crisis. Investment deemed to be “right” and long term. CDC emphasises role as impact investor with a lot of patience. Vodacom agrees to fund Safaricom Telecommunications Ethiopia.
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Partnerships & AlliancesVodafone sees sales dip from international tie-ups
Revenue from Group’s Partner Markets federation falls back amid pandemic and footprint reduction. Vodafone’s flow of cash from Africa takes a drop following rework of M-PESA business.
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M&ALiberty CEO: call me, Nick, if you want to sell VodafoneZiggo
Mike Fries says Liberty “open-minded” on possibility of transaction with co-parent Vodafone. Management of Dutch JV conducting “strategic review” around issues including infrastructure and content ownership.
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PremiumVodafone Q1 FY21–22: ‘Phase two’ relaunched with M&A sweetener
Some hints of compromise with City overseers as Vodafone re-seeds post-pandemic, digital-led growth plan. New Chairman van Boxmeer appears to be lighting a fire under Group mindset and strategy. M&A talked up as a lever to help Vodafone in the push to revive growth. Another chunk of Vantage could ...
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PremiumVodafone Q1 FY21-22 Headlines: pandemic snags unwind, gradually
Group bounces out of pandemic slump, helped by lapping and increased business confidence. Cautious CEO warns of further “bumps in the road”. In Spain, another large-scale downsizing move made under cover of Digital Telco transformation, and as fodder for Group’s centralisation-led efficiency plans.
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PremiumVodafone Q1 FY21-22 Guidance: all quiet on capex front
Group unsurprisingly “firmly on track” to meet heavily caveated free cash flow target. Plan for spend “step-up”, highlighted in May 2021, appears yet to be firmed up after causing City consternation.
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Strategy & ChangeVodacom-owned XLink lays groundwork for new MD
Fleet-footed 2016 acquisition on the lookout for new leader. MD incumbent yet to reveal next step. Recent re-positioning sees provider embrace cloud and up focus on finance and retail markets.
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Strategy & ChangeSpaceMobile targets satellite status quo
AST SpaceMobile’s satellite tech represents break from past, says CEO. US space venture posts first results update since going public, as high-profile, iconoclastic startup edges closer to commercial get-go. Vodafone lends helping hand in satellite-to-cell compatibility tests. FCC opens gateway to domestic market.
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Financial & PerformanceVi AGR appeal torpedoed; Birla seeks to jump ship
Vi challenges Supreme Court decision to stick with DoT’s AGR liability calculation. Vodafone’s junior partner Kumar Mangalam Birla resigns as Vi Chairman shortly after India’s top court sides with DoT. Vi CEO Takkar claims private investors are more put off by India’s floor pricing than AGR dispute.
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Financial & PerformanceVodafone, ABG keep funding taps closed for beleaguered Indian JV
Vi shareholders wash their hands of JV’s plight. Insist that private investment is the only way for Vi to remain going concern. Vi CEO Ravinder Takkar claims private investors are more put off by India’s floor pricing than AGR dispute.
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Strategy & ChangeGroup Technology toes line on “new-gen” plan
Top-down flavour to Tech 2025 initiatives as Group Finance (again) steals a lot of the Group Technology thunder, keeping ambitions in check with fiscal targets. Programme kept closely in line with Group leadership’s medium-term, twin-track ambition to refuel its commercial engine while keeping a tight rein on investment. Headline ...
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PremiumVodafone’s energy analytics platform rollout progresses
60,000-plus sites across operations in twelve markets now benefiting from eSight-enabled energy management tech. Operator’s emissions clean-up intensifies.
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OperationsVodafone banks on the Nile for flow of efficiencies
Group Annual Report sheds light on shared services transformation under the _VOIS division. Egypt emerges as the Group’s largest territory by headcount. CFO Della Valle points to _VOIS “role efficiencies” as it de-siloes, standardises, and harmonises operations.