Vodafone Financial & Performance – Page 3
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M&AVodafone sells another €1.7bn of Indus shares
Vodafone sells 18% stake in Indian TowerCo to repay debts of other Indian assets.
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Financial & PerformanceVi offers equity to Ericsson, Nokia in latest fundraise bid
Equity sale to vendors will take total equity issued in past few months to INR 240bn, putting Vi on track to raise enough funds to pursue 4G/5G rollout aspirations.
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Network & InfrastructureVodafone UK aims to contain opex with ‘green’ infrastructure investment
UK infrastructure and energy lead Francesca Serravalle opens up on Redstream Evolution network revamp and energy efficiency in bid to hold down operating costs.
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Financial & PerformanceVodafone FY23−24 Highlights: foundation stones in place, growth ‘in our hands’
After taking a sledgehammer to the Group’s European footprint; initiating a shared services, Germany, and CX overhaul; and working to establish an ROCE-mindset, CEO Margherita Della Valle says the year represents a good start to her mandate. More to be done, of course, and much of this FY was spent laying foundation stones, but slimmed-down Vodafone intends to leverage agility to scale in fewer, ‘better’ markets, underpinned by a revamped commercial model…
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Financial & PerformanceVodafone FY23−24 In-depth: re-shaped Group smaller but ‘stronger’
Changing footprint makes for some massive cuts to revenue, but what is left of the Group manages growth on organic terms.
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Financial & PerformanceVodafone FY23−24 Spend: UK drops to bronze as Africa becomes runner-up
An inflated Africa group, now including Vodafone Egypt, tips the capex allocation balance as Germany retains the lion’s share and Turkey takes the place of Italy and Spain.
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Financial & PerformanceVodafone FY23−24 Guidance: muted optimism extends to forecasts
CEO Della Valle continued a trend of paring back and tempering expectations in uninspiring guidance figures.
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Financial & PerformanceVodafone fades as Vi 2.0 resets finances to drive India network comeback
Vodafone passive, lets stake plummet, as Indian JV financially engineering 4G/5G comeback. Work in progress, with $20bn+ debt, and further government lifeline and bank borrowing on horizon. Read more…
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Financial & PerformanceVodafone CEO: “No remedies needed” for UK merger
FY23–24: Some done and more to come in Group CEO Margherita Della Valle’s reshaping of the European footprint. With approval for Spain sale, M&A focus turns to completing Italy and UK deals — with the latter looking likely to cause headaches despite the CEO’s optimism…
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M&AVodafone earns regulatory go-ahead for Spanish retreat
Vodafone Spain sale to Zegona Communications to complete by the end of the month, with share buyback programme already underway.
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Financial & PerformanceVodafone Germany to lose half of TV customer base as new tenant laws take effect
Vodafone’s largest and last standalone European market braces for a slump in performance this year while revamping operations in an attempt to revive growth. Tenant bundling law change set to accelerate longer term trend of customer losses at misfiring major OpCo.
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Financial & PerformanceVodafone CFO open to another Vantage Towers sell-down
Luka Mucic uses Group’s FY23−24 earnings call to tease further Vantage Towers sell-down, pitching TowerCo disposal as evidence of value-creating potential for new Vodafone Investments division. Exposure has been reduced in India, while VodafoneZiggo will stay in the family…
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Financial & PerformanceVodacom parries ‘big knocks’ as it battles for growth
Vodacom CEO Joosub focuses on the big picture and promises digital services-driven future growth as macroeconomic headwinds take the gloss off the Group’s FY23-24 performance, and low earnings hit the dividend.
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Weekly BriefingsVodafonewatch Weekly: cost of Ethiopian expansion laid bare; another twist in M&A tale
Latest from Vodafone, affiliates and partners: Group earns security clearance for UK merger; Ethiopia optimism reiterated despite financial reality check; and TowerCo Inwit braces for reshaped Italian market following MNO reshuffle. More from South Africa, Spain, Netherlands, elsewhere…
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Financial & PerformanceSafaricom dials down Ethiopia spending plan as loss drags Group profits
FY23–24: Safaricom slashes five-year investment target for Ethiopia, commits to tightened spend to weather challenging macro environment, but remains positive on progress and outlook.
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Network & InfrastructureTPG signs more regulator-friendly rural RAN-sharing deal with Optus
Australia’s TPG Telecom signs MOCN agreement with Optus in bid to present true regional challenge to Telstra, taking notes from regulator’s report on the unsucessful Telstra deal to add to optimism about green-light prospects…
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M&AVodafone insists imperilled Portugal deal ‘not life or death’
Vodafone Portugal’s acquisition of market minnow Nowo looks set to be denied, but OpCo CEO Luís Lopes is unphased and remains confident of prospects regardless.
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Financial & Performance‘Revitalised’ Vi completes mega fundraise
Vodafone‑backed Indian operator completes an INR 180bn FPO, commits to “significant” capex boost to enable network upgrade. 4G and 5G services to benefit in bid to present true challenge to Bharti Airtel and Reliance Jio. Chairman Kumar Mangalam Birla claims a “turning point” in Indian telecoms and introduces a ...
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Financial & PerformanceVi to get £197m top up from Vodafone partner Aditya Birla
Vi makes inroads into reducing debt pile with proposed cash infusion from Aditya Birla and thumbs up from shareholders for INR 200bn equity offering.
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Public AffairsEnforced M-PESA spinout delayed by Safaricom $575bn tax exposure
Tax complication delaying spinout of transformational and potentially highly valued African mobile-money pioneer; Central Bank Governor keen to make faster progress on resolution, amidst desire to navigate its local dominance. Read more…