Vodafone Financial & Performance – Page 6
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e& deepens Vodafone ties, adds CEO to board
Vodafone has entered a “strategic relationship” with its largest shareholder.
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INWIT untroubled by Voda-Iliad rumours as new opportunities open up
Prospect of market consolidation seen as more good news than bad for Vantage Towers’ Italian JV.
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Venturing & Investments
Australian pension fund seals Vantage Towers stake
UniSuper announces acquisition of 5% stake in TowerCo after “an extensive due diligence process”.
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Vodafone Germany to trim management and hire new sales staff
CEO Philippe Rogge flags “restart” with 1,300 full-time jobs, mainly in management and admin, in line for the axe.
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Three seeks to underscore Vodafone merger rationale
Three UK and Vodafone UK are subscale with returns below the cost of capital, says former.
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Vodafone Italy to axe almost 20% of workforce, says union
About 1,000 employees said to be at risk of redundancy at Italian operator, which has seen headcount steadily decline in recent years.
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Elsewhere in Vodafone Group: CTO Petty trumpets savings from digitalisation
CTO Petty trumpets capex and opex savings from digitalisation.
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M&A
INWIT flags ‘pipeline’ of potential M&A add-ons
TowerCo boss caveats that any deal-making will be local, small scale, and funded by organic capex.
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Vodafone Spain preps network sell‑off
Bankers appointed to handle bids for OpCo’s fixed assets, as investors weigh options on infrastructure bets against a backdrop of limited funding availability.
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Vi grapples with losses, debt after equity conversion completes
Indian government now owns about 33% of JV.
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Vodafone sliced up again: Liberty piles pressure on UK group by taking 5% stake
Liberty CEO Mike Fries describes purchase of Vodafone shares as “opportunistic”.
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Safaricom, Vodacom drop more cash into Ethiopian kitty
Share issue by parent vehicle opens up more funds for Safaricom Telecommunications Ethiopia’s startup rollout
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M&A
Vodafone CEO lauds Vodacom amid M&A speculation
Della Valle says pan-African operator is “one of the best assets in the Group”.
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Financial & Performance
Q3 FY22–23: top-heavy Vodafone reassesses life choices under Della Valle
Interim boss solidifies play for top job with new found love of simplicity and autonomy (her own domains excepted).
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A year on, Vantage reassures ops overhaul ‘is working’
TowerCo remains on “journey” when it comes to realigning its production function, and smoothing out logistics challenges arising from the global supply chain crunch.
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Digital Barriers: take two for surveillance-as-a-service mobile video scaleup
UK video surveillance tech scaleup has refreshed ambitions following a capital injection by 3i and new product platform for expansion alongside key partners Vodafone and Intel.
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Indus Towers posts loss as pressure piles on ailing client Vi
TowerCo forced to make large provision against ‘doubtful debts’.
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Vodafone closes Newbury HQ sale
Operator to lease portion of the campus but vacate three buildings.
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e& snaps up more Vodafone shares and increases stake to 12%
The UAE group had already increased its stake to 11% in December 2022.
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Elsewhere in Vodafone Group: Software AG touts Vodafone win
Software AG touts “fantastic” Vodafone win