Vodafone Financial & Performance – Page 14
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M&A
Vi cashes in from Indus Towers–Infratel merger
Vodafone’s loss-making JV in India gets a much-needed cash boost from sale of Indus stake. Vi reportedly in talks with private equity investors to raise more funds.
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M&A
Forthnet share shuffle puts United Group in charge
Pending takeover ends will-they-won’t-they saga of possible Vodafone and Wind buyout. Forthnet MVNO supported by Vodafone Greece yet to be launched commercially, but reflects competitive threat for OpCo to ponder. Move for Wind rumoured as next step for United.
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Premium
Elsewhere in Vodafone Africa: Safaricom shareholder base sees changes
Big boys making their presence felt in Safaricom’s owner family; Loon nearing Mozambique launch.
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Premium
O2 bill prompts Drillisch profits warning
MVNO Drillisch is continuing to hit roadblocks, and get battered on costs, as O2 and the other German operators play hardball on contract terms.
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Public Affairs
Vodacom’s Congo CFO gets out of jail
Chutoo endures four-day stint behind bars. CFO reportedly quizzed on allegations of “forgery” and “falsification of financial statements”; but no formal charges. Vodacom DRC expresses surprise.
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Premium
Vodafone Q1 FY20–21
What ‘new normal’? Leadership pressing on with long-running efficiency and asset sale plans regardless of coronavirus disruption. Hints of bottlenecks owing to top duo’s workload. Group Finance’s €1bn cost-cutting plan “proceeding very well”. Footprint retrenchment not necessarily done, with some OpCos still appearing stuck on the margins. Currency weakness ...
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Vodafone Q1 FY20–21 spend: no obvious change of course, post-COVID-19
Any post-COVID-19 spend strategy changes appear to either be being kept under wraps, or subjugated by leadership focus on keeping the business on track.
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Premium
Vodafone Q1 FY20–21 headline performance: Germany and the rest
COVID-19 blow cushioned: strength in Germany and Portugal, with mixed performances elsewhere. Currency weakness turning Read’s focus on Africa sour.
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Strategy & Change
Vodafone puts over €1bn of projects in green basket
Group’s interest in chasing Green Bonds shows opportunities for suppliers and partners that can link their products and services to energy and emissions goals. Vodafone’s healthy pipeline of projects boosted by inclusion of older network upgrades, including single RAN deployment. Ongoing efficiency focus likely to ensure the Green Bond ...
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Financial & Performance
Jio turns into Vodafone Idea’s worst digital nightmare
Massive Google investment underscores both Jio’s domination and its ambition to develop wide range of popular digital services. Who’s Who of foreign investors, which includes digital-savvy Facebook, now accounts for nearly a third of Jio Platform equity. Vodafone’s long-term outlook in India looks even more perilous than before, after ...
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Financial & Performance
Vodafone Idea down to third spot in Indian mobile
Airtel moves ahead of troubled joint venture, which has jettisoned more than a quarter of its wireless subscriber base since being formed.
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Premium
Vodafone Q4 FY19–20 management update: staying the course, post-coronavirus
Read infers Group is better placed, post-Colao for economic downturn. Della Valle confirms new, AT Kearney-inspired €1bn cost-cutting plan, after trailering move in late-2019. No disruption to Read’s M&A overhaul, beyond Egypt. Targets hit but glitchy performance, both at OpCos and Vodafone Business.
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Premium
Facebook gives Jio a multi-billion pound like
Rival Jio gets fillip from hefty FDI and Facebook digital expertise. Unnamed VfI exec does not rule out similar webscale tie-up for the embattled JV. Indian JV relinquishes last urban stronghold and is set to lose second spot overall.
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Financial & Performance
Vodafone Idea loses leadership in all three Metros
Indian JV relinquishes last urban stronghold and set to lose second spot overall.
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Vodafone FY19–20 quick take: no change here
Read infers Group is better placed, post-Colao for economic downturn. Della Valle confirms new, AT Kearney-inspired €1bn cost-cutting plan, after trailering move in late-2019. No disruption to Read’s M&A overhaul, beyond Egypt. Targets hit but glitchy performance, both at OpCos and Vodafone Business.
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Premium
Vodafone losing grip in automotive market
2014 acquisition looks to be on a bad run and struggling to meet buyout rationale. COVID-19 worsening situation. VGE may be tuning up with Vodafone Automotive Deutschland addition. A sign Vodafone had not yet solved long-running headache of how to support bought-in innovation.
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Public Affairs
Supreme Court offers Vodafone scant hope
Top court in the land calls halt to operator self-assessment on fees. Irate judge threatens bosses with jail if liabilities not paid in timely manner. Read meets with India government ministers to seek assistance. COVID-19 lockdown measures provide temporary reprieve.
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Strategy & Change
Wibergh on network impact and continuity measures
Vodafone CTO posted an update on the way the operator is seeking to address changing usage habits following the COVID-19 containment measures seen across Group territories.
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Premium
Vodafone leadership awaits COVID-19 diagnosis
Share price nose-dives below £1 for first time since 1997. Impact on financial and strategic plans yet to emerge. OpCos focus on network resilience and employee welfare.