Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to johnstevens77,Bhoddhisatva,scotia,Anonymous,Cornytiv34, for Donating to support the site

Vodafone Group PLC (VOD)

Share latest information on individual companies and hot news discussions. LSE Main Market companies only
Forum rules
No penny shares or promotional posts
idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5761 times

Re: Vodafone Group PLC (VOD)

#279460

Postby idpickering » January 23rd, 2020, 4:49 pm

VODAFONE & SUNRISE ANNOUNCE PARTNERSHIP AGREEMENT

Vodafone and Sunrise today announced a new partnership agreement in Switzerland, which began on 1 January 2020.

This strategic partnership will allow Sunrise's Enterprise customers to benefit from a range of Vodafone Business services, including mobile connectivity, roaming and central procurement. Over time, the companies plan to expand their relationship to deliver fixed/mobile converged services to Enterprises across Europe and beyond, as well as leverage their combined 5G scale and leadership to ensure their customers can benefit from cutting-edge gigabit networks.

Vodafone Partner Markets Chief Executive Diego Massidda said: "We are delighted that Sunrise has decided to join our Partner Market network. We are excited about working with the team and being able to offer their customers access to our extensive range of innovative Enterprise products and services."


https://www.investegate.co.uk/vodafone- ... 00066535A/

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5761 times

Re: Vodafone Group PLC (VOD)

#280743

Postby idpickering » January 29th, 2020, 7:09 am

VODAFONE & STC SIGN MOU RE 55% OF VODAFONE EGYPT

Vodafone Group Plc1 ("Vodafone") announces that it has signed a Memorandum of Understanding2 with Saudi Telecom Company ("stc") in relation to a potential sale of Vodafone's 55% shareholding in Vodafone Egypt to stc.


https://www.investegate.co.uk/vodafone- ... 00022697B/

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5761 times

Re: Vodafone Group PLC (VOD)

#282338

Postby idpickering » February 5th, 2020, 7:11 am

Trading update for the quarter ended 31 December 2019

Highlights
 Continued organic service revenue growth in Q3, up 0.8%* (Q2: 0.7%*).
 Similar performance in Europe (Q3: -1.4%*, Q2: -1.4%*), with ongoing recovery in Spain and acceleration in the UK offset by a tougher prior year comparison in Italy. Retail revenues grew in Germany, supported by strong cable broadband net adds.
 Good growth in Rest of the World (Q3: 9.1%*, Q2: 8.9%*) as continued recovery in South Africa was partially offset by lower growth in Turkey.
 Good progress on strategic priorities during the quarter:


https://investors.vodafone.com/static-f ... 24b01e7b86

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5761 times

Re: Vodafone Group PLC (VOD)

#282350

Postby idpickering » February 5th, 2020, 7:46 am

RNS to the above here; https://www.investegate.co.uk/vodafone- ... 00089801B/

Maybe a mod could slip this into my above post, I ran out of time to do it.

Ian.

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5761 times

Re: Vodafone Group PLC (VOD)

#307804

Postby idpickering » May 12th, 2020, 7:14 am


idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5761 times

Re: Vodafone Group PLC (VOD)

#328340

Postby idpickering » July 24th, 2020, 7:19 am


tjh290633
Lemon Half
Posts: 8208
Joined: November 4th, 2016, 11:20 am
Has thanked: 913 times
Been thanked: 4096 times

Re: Vodafone Group PLC (VOD)

#328401

Postby tjh290633 » July 24th, 2020, 10:49 am

Vantage Towers Demerger

https://www.investegate.co.uk/vodafone- ... 00039984T/

Vantage Towers - the European tower infrastructure leader, on track for an IPO in early 2021

· Europe's leading tower infrastructure platform with over 68,000 towers across 9 markets

· #1 or #2 tower market share position by number of sites in almost all markets

· Creation of Greece's leading tower infrastructure company through merger with Wind Hellas' tower assets (announced today)

· Aggregated FY20 pro forma consolidated adjusted EBITDA and Vantage Towers' 33.2% share of INWIT pro forma adjusted EBITDA, of €680 million1

· Potential to include Vodafone's 50% stake in CTIL, the leading tower infrastructure company in the UK, with 14,300 towers and 50% share of estimated FY20 pro forma adjusted EBITDA, amounting to €50-70 million

· On track for an IPO in early 2021, targeting a Prime Standard Listing in Frankfurt


TJH

Darka
Lemon Slice
Posts: 773
Joined: November 4th, 2016, 2:18 pm
Has thanked: 1819 times
Been thanked: 704 times

Re: Vodafone Group PLC (VOD)

#329102

Postby Darka » July 28th, 2020, 7:55 am

I'm probably missing something but what is the benefit of the Vantage Towers Demerger to existing shareholders?

As this is being done via an IPO, won't the share price of Vodafone fall to take into account the loss of the towers business and is the only way existing shareholders benefit is if they take up the IPO, otherwise we lose out?

Doesn't seem such a great deal.... and it's not as if they have been a great investment either.

Alaric
Lemon Half
Posts: 6032
Joined: November 5th, 2016, 9:05 am
Has thanked: 20 times
Been thanked: 1398 times

Re: Vodafone Group PLC (VOD)

#329104

Postby Alaric » July 28th, 2020, 8:11 am

Darka wrote:I'm probably missing something but what is the benefit of the Vantage Towers Demerger to existing shareholders?


Vodafone will replace the value of the business sold with the proceeds from the IPO. Whether that's good or bad is likely to depend on how much they get in the IPO and what they do with the proceeds.

daveh
Lemon Quarter
Posts: 2191
Joined: November 4th, 2016, 11:06 am
Has thanked: 409 times
Been thanked: 807 times

Re: Vodafone Group PLC (VOD)

#329119

Postby daveh » July 28th, 2020, 9:03 am

Alaric wrote:
Darka wrote:I'm probably missing something but what is the benefit of the Vantage Towers Demerger to existing shareholders?


Vodafone will replace the value of the business sold with the proceeds from the IPO. Whether that's good or bad is likely to depend on how much they get in the IPO and what they do with the proceeds.


Also as Vodafone is retaining a majority stake in the business, if the towers company's value is re-rated when it is listed on the stock market compared to the value assigned to it by analysts and investors now when it is just one component of VOD, then that should/could lead to a re-rating of the vodafone share price.

Hopefully they will use the proceeds to pay down some of the debt they have built-up recently.

Alaric
Lemon Half
Posts: 6032
Joined: November 5th, 2016, 9:05 am
Has thanked: 20 times
Been thanked: 1398 times

Re: Vodafone Group PLC (VOD)

#329137

Postby Alaric » July 28th, 2020, 10:01 am

daveh wrote: as Vodafone is retaining a majority stake in the business


If they are doing that, it's also a means of raising capital for the whole group. Alternatives might have been a Rights issue, or taking on more debt.

daveh
Lemon Quarter
Posts: 2191
Joined: November 4th, 2016, 11:06 am
Has thanked: 409 times
Been thanked: 807 times

Re: Vodafone Group PLC (VOD)

#329146

Postby daveh » July 28th, 2020, 10:34 am

Alaric wrote:
daveh wrote: as Vodafone is retaining a majority stake in the business


If they are doing that, it's also a means of raising capital for the whole group. Alternatives might have been a Rights issue, or taking on more debt.


This is what they said in their announcement https://www.investegate.co.uk/vodafone- ... 00039984T/

IPO update

On track for an IPO in early 2021

Since the announcement of our intention to separate our European tower infrastructure operations in July 2019, we have been working hard to create Vantage Towers. Since May 2020, the business has been operationally separate, with the full senior management team in place running the day-to-day operations and preparing for monetisation. We remain on track for an IPO in early 2021.

Vantage Towers' headquarters is located in Düsseldorf, Germany. We expect the corporate structure for listing to be an Aktiengesellschaft (" AG"), and we intend to pursue a listing on the Prime Standard Segment of the Frankfurt Stock Exchange. Work remains ongoing to determine the optimal capital structure and further information will be made available in due course.

Vodafone intends to retain a majority stake in Vantage Towers post IPO, given the strategic nature of the tower infrastructure and the potential value creation opportunity. In its role as majority shareholder, Vodafone is committed to supporting Vantage Towers to create value by empowering the management team to drive growth from increasing the utilisation of its existing infrastructure, including with third parties, as well as deploying incremental capital to capture new growth opportunities and efficiencies. Vodafone is also committed to strong corporate governance with appropriate independent Supervisory Board representation, including an independent chairperson for Vantage Towers.

Dod101
The full Lemon
Posts: 16629
Joined: October 10th, 2017, 11:33 am
Has thanked: 4343 times
Been thanked: 7534 times

Re: Vodafone Group PLC (VOD)

#329148

Postby Dod101 » July 28th, 2020, 10:37 am

I do not hold Vodafone nowadays but I thought that the flotation of the towers was well publicised as a means of raising some capital to pay down debt. That is therefore surely a positive for the group.

Dod

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5761 times

Re: Vodafone Group PLC (VOD)

#337404

Postby idpickering » September 1st, 2020, 1:40 pm

MERGER UPDATE - BHARTI INFRATEL AND INDUS TOWERS

Vodafone Group Plc ("Vodafone") today announces that it has agreed with Bharti Airtel Limited ("Bharti Airtel") and Vodafone Idea Ltd ("Vodafone Idea") to proceed with completion of the merger of Indus Towers Limited ("Indus Towers") and Bharti Infratel Limited ("Bharti Infratel" and, following completion, the "Combined Company").

It is expected that Vodafone will be issued with 760 million new shares in the Combined Company at closing in exchange for its 42% shareholding in Indus Towers on the basis that (a) Providence Equity Partners ("Providence") has elected to receive shares in the Combined Company in respect of its 4.85% shareholding in Indus Towers, and (b) Vodafone Idea has elected to sell its full 11.15% shareholding in Indus Towers for cash. The shares issued to Vodafone would be equivalent to 28.2% in the Combined Company. Bharti Airtel's shareholding in Bharti Infratel would be diluted from 53.5% to 36.7%. Bharti Airtel and Vodafone will jointly control the Combined Company.

At the current Bharti Infratel market valuation, Vodafone's stake in the Combined Company would have a value of approximately INR 151 billion (€1.7 billion) and Vodafone Idea would receive approximately INR 40 billion (€464 million) in cash upon completion.


https://www.investegate.co.uk/vodafone- ... 57276338X/

Alaric
Lemon Half
Posts: 6032
Joined: November 5th, 2016, 9:05 am
Has thanked: 20 times
Been thanked: 1398 times

Re: Vodafone Group PLC (VOD)

#337420

Postby Alaric » September 1st, 2020, 2:36 pm

(investegate (idpickering) wrote: Vodafone would receive approximately INR 40 billion (€464 million) in cash upon completion.


Any thoughts on what they might do with this?

Use to pay off debt?
Finance expansion?
Pay a special dividend?
Support their ordinary dividend?

77ss
Lemon Quarter
Posts: 1271
Joined: November 4th, 2016, 10:42 am
Has thanked: 233 times
Been thanked: 414 times

Re: Vodafone Group PLC (VOD)

#337450

Postby 77ss » September 1st, 2020, 5:16 pm

Alaric wrote:
(investegate (idpickering) wrote: Vodafone would receive approximately INR 40 billion (€464 million) in cash upon completion.


Any thoughts on what they might do with this?

Use to pay off debt?
Finance expansion?
Pay a special dividend?
Support their ordinary dividend?


Hand it over to the Indian taxman probably.

roland500
Posts: 11
Joined: October 13th, 2018, 3:55 pm
Has thanked: 1 time
Been thanked: 1 time

Re: Vodafone Group PLC (VOD)

#337587

Postby roland500 » September 2nd, 2020, 10:50 am

What a costly disaster their investment in India has been for VODA. Billions upon billions. Please don't mention foreign investment to me. I've seen locals take the local view in Russia, India, China and Saudi Arabia - to name just 4.

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5761 times

Re: Vodafone Group PLC (VOD)

#339596

Postby idpickering » September 11th, 2020, 7:20 am

Vantage Towers Capital Markets Day Announcement

Vantage Towers Capital Markets Day to be held on 17 November 2020

The Vantage Towers management team will be hosting a Capital Markets Day on 17 November, which will cover the strategy, operations and selected financial information of the business (the "CMD").

Vantage Towers is Europe's leading tower infrastructure operator, with over 68,000 towers across 9 markets, and #1 or #2 market positions by number of sites in almost all markets. Vantage Towers has highly secure, predictable cash flows typically with inflation-linked adjustments, underpinned by long-term contractual arrangements, with highly rated tenants, including Vodafone as the anchor tenant.

Vantage Towers currently has a tenancy ratio of 1.5x across the portfolio, with compelling structural growth opportunities from mobile coverage obligations and increasing end-user demand for data, with potential to expand into adjacent services and through targeted M&A. Vantage Towers supports Europe's digitalisation by establishing and maintaining extensive, high quality and resilient networks, which form the backbone of digital services and a sustainable digital society.

The CMD will be a virtual only event comprising presentation materials and on-demand webcasts available from 7am GMT on 17 November 2020, followed by a live webcast Q&A session at 2pm GMT on 17 November 2020. No registration is required in advance and all information will be available via the Vodafone investor website ( investors.vodafone.com ) and the Vantage Towers website ( vantagetowers.com ).

To accommodate the CMD, Vodafone Group Plc FY21 interim results will now be released on 16 November 2020.


https://www.investegate.co.uk/vodafone- ... 00036737Y/

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5761 times

Re: Vodafone Group PLC (VOD)

#340117

Postby idpickering » September 14th, 2020, 7:08 am

Statement re Vodafone Egypt

Vodafone Group Plc ("Vodafone") announces that due diligence has been substantively completed with respect to the potential sale of its 55% stake in Vodafone Egypt to Saudi Telecom Company ("stc"). Despite the expiry of the Memorandum of Understanding, Vodafone remains in discussion with stc to finalise the transaction in the near future.

Vodafone now looks to stc and Telecom Egypt to find a suitable agreement to enable the transaction to close.


https://www.investegate.co.uk/vodafone- ... 00088206Y/

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5761 times

Re: Vodafone Group PLC (VOD)

#342099

Postby idpickering » September 23rd, 2020, 7:10 am

VODAFONE EMBEDS PURPOSE COMMITMENTS IN ITS SUPPLY CHAIN

20% of supplier selection criteria now based on commitments to diversity and the environment

Vodafone Group will evaluate suppliers on their commitments to diversity, inclusion and the environment when they tender for new work, ensuring that Vodafone's supply chain contributes towards Vodafone's purpose to improve the lives of 1 billion people, while halving its environmental impact by 2025.

From October 2020, a supplier's 'purpose' will account for 20% of the evaluation criteria for a 'Request For Quotation' (RFQ) to provide Vodafone with products or services. Suppliers will be assessed on their commitment and performance to diversity & inclusion, the environment and health & safety in categories where it is a risk.

https://www.investegate.co.uk/vodafone- ... 00077948Z/


Return to “Company Share news (LSE Main Market)”

Who is online

Users browsing this forum: Antonyfool and 5 guests