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Vodafone Group PLC (VOD.O)

VOD.O on Nasdaq

29.62USD
22 May 2017
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Latest Key Developments (Source: Significant Developments)

Sky Network Television says Co and Vodafone filed amended notice of appeal in high court
Wednesday, 17 May 2017 04:41pm EDT 

May 18 (Reuters) - Sky Network Television Ltd ::Co and Vodafone have filed an amended notice of appeal in high court.Amended notice against NZ commerce commission's decision not to clear companies' merger of their operating businesses in NZ.  Full Article

Vodafone sees cash flow improvement as regulation, capex ease
Tuesday, 16 May 2017 03:05am EDT 

May 16 (Reuters) - Vodafone :Cfo says free cash flow step-up driven by growth in organic business as capex normalises.Cfo says goal is continuing dividend cover, ceo says sees balance between investment needs and shareholder rewards.Cfo says regulation will weigh on service revenue growth in Europe in fy18, drag of about 1 percent point.Ceo says service revenue in uk "flattening", enterprise remains highly competitive.Ceo says operational improvements in uk now visible.Ceo says no plans to move out of the uk after brexit, for vodafone brexit does not make a big difference.Ceo says no plan to put Ghana, other african units into Vodacom vodj.j at the moment.Cfo says India could quickly rebound.  Full Article

Vodafone India FY17 service revenue at 429.56 bln rupees
Tuesday, 16 May 2017 02:33am EDT 

May 16 (Reuters) - Vodafone India Ltd :Vodafone maintained service revenue at INR 429.56 billion in FY17.Says ebitda at INR 117.84 billion in FY17; FY ebitda margin of 27.3%.Data ARPU (for users > 1mb) at INR 140 in Q4 FY17 versus INR 160 in Q4 fy16.  Full Article

Vodacom to buy 34.94 pct stake in Kenya's Safaricom from Vodafone
Monday, 15 May 2017 01:30am EDT 

May 15 (Reuters) - Vodacom Group Ltd :Will acquire 34.94% indirect interest in Safaricom from Vodafone by acquiring 87.5% of issued share capital of Vodafone Kenya.Under the deal, Vodafone will subscribe for new Vodacom Group shares.Safaricom is owned by government of Kenya (35%), Vodafone Kenya (39.93%), public investors (25%) and Safaricom Employees (0.07%).Purchase consideration is sum of amount equal to subscription price for 226.8 million new Vodacom shares, which will be set off against same amount of purchase consideration, and max amount of kes393.75 million (r51 million) in cash.Transaction offers opportunity to diversify Vodacom group's economic exposure and earning's profile in a single transaction.Vodacom group intends to maintain its dividend policy.Vodacom group board appointed a committee consisting of independent directors who have unanimously approved proposed transaction.Company appointed an independent expert, Deloitte & Touché, to provide a fairness opinion on proposed transaction.Interest in Safaricom to contribute about 15% of its earnings (before amortisation for fair value adjustment of assets on acquisition).As at signature date, subscription price amounts to r34.6 billion, based on Vodacom group share price on Friday 12 may 2017.As a result of issue of new Vodacom Group shares to Vodafone, interest held by Vodafone in Vodacom Group will increase from 65.0% to 69.6%.Vodafone will retain a 12.5% non-controlling interest in Vodafone Kenya.  Full Article

UK's CMA refers Capita, Vodafone deal to phase 2 investigation
Wednesday, 10 May 2017 04:39am EDT 

May 10 (Reuters) - UK's Competition and Markets Authority::Decided that it is or may be the case that this Capita, Vodafone deal may be expected to result in a substantial lessening of competition in the United Kingdom.Capita, Vodafone deal will be referred for a phase 2 investigation unless the parties offer acceptable undertakings to address these competition concerns.  Full Article

Competition watchdog warns Capita, Vodafone on paging services
Wednesday, 10 May 2017 02:11am EDT 

May 10 (Reuters) - :CMA says Capita and Vodafone face an in-depth merger investigation, unless companies offer acceptable ways of addressing competition concerns..CMA's initial investigation into merger found it could lead to a substantial lessening of competition in supply of wide-area paging services in UK..CMA says after merger, customers could face price rises and reduced quality of coverage..CMA says Capita has until May 17 to offer proposals to resolve competition concerns or face an in-depth phase 2 investigation..  Full Article

Sky Network Television says OIA consents granted for proposed merger of Sky and Vodafone
Thursday, 27 Apr 2017 09:51pm EDT 

April 28 (Reuters) - Sky Network Television Ltd -:Oia consents granted for proposed merger of Sky and Vodafone.  Full Article

Proximus and Vodafone to renew their cooperation agreement for a period of five years
Thursday, 27 Apr 2017 02:07am EDT 

April 27 (Reuters) - Proximus NV ::Proximus and Vodafone <<>> to renew their cooperation agreement for a period of five years.Partnership aims to explore specific areas such as cars connected and mobility solutions.  Full Article

Sky Network Television Sky and Vodafone says assessing commission's reasons for decision
Wednesday, 12 Apr 2017 11:48pm EDT 

Sky Network Television Ltd : Sky and vodafone are now assessing commission's reasons for decision .New zealand commerce commission released reasons for decision not to clear proposed merger of sky network television and vodafone new zealand.  Full Article

Trilogy International says 2degrees to enter joint proposal to enhance broadband services in New Zealand rural communities
Monday, 3 Apr 2017 05:35pm EDT 

Trilogy International Partners Inc - : New Zealand unit, 2degrees, filed joint proposal with Vodafone, Spark for broadband, mobile services in rural New Zealand .If successful, bid would see Vodafone,Spark, 2degrees make capital contribution of NZ$75 million to establish infrastructure.  Full Article

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