Vodafone Group PLC (VOD.O) Key Developments | Reuters.com
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Vodafone Group PLC (VOD.O)

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24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

MTN Group appoints of new group CEO
Monday, 20 Jun 2016 02:30am EDT 

Mtn Group Ltd : JSE: MTN - appointment of new MTN Group President & Chief Executive Officer and other appointments . Completed review of its governance and management structures in accordance with its undertaking to do so . Resolved to appoint rob shuter as new group president and ceo . Rob may commence as soon as it is practically possible in 2017 but not later than 1 July 2017 . Shuter is current CEO of european cluster at Vodafone Group . Appointment of a new VP M&A and Strategy effective 1 October 2016 . Godfrey Motsa appointed by countries in sea region (excluding South Africa) to oversee operations with effect from 1 July 2016 . Nhleko will revert to his role as non executive chairman as soon as Shuter assumes new position as soon as practicably possible . Nhleko will continue to provide necessary leadership as non executive chairman for next two and a half years when he plans to step down .Appointment of additional non executive directors: Paul Hanratty, Stan Miller, Nkululeko Sowazi.  Full Article

Vodafone to appeal decision on new special audit of Kabel Deutschland takeover
Friday, 10 Jun 2016 08:00am EDT 

Vodafone says : To appeal Munich Court's decision to appoint a new special audit on Kabel Deutschland takeover Further company coverage: [VOD.L] ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

Sky Network Television announces merger with Vodafone New Zealand
Wednesday, 8 Jun 2016 04:52pm EDT 

SKY Network Television Ltd : Sky and Vodafone NZ merger . Sky will acquire all of the shares in Vodafone NZ for a total purchase price of NZ$3.44 billion . Unanimously recommend its shareholders to vote in favour of the resolutions to implement the proposed transaction . Transaction is expected to be accretive to underlying free cash flow per share for sky shareholders . Combined group is expected to generate revenue synergies with a total estimated post-tax NPV of approximately NZ$435 million . Says new Sky shares will be issued at $5.40 per share . Sky has entered into a facility agreement with the Vodafone Group for an amount up to NZ$1.8 billion . Sky shareholder meeting to vote on the proposed transaction is expected to take place during early July . Sky and Vodafone expect the proposed transaction to complete around the end of 2016 . Sky is entitled to pay a fully imputed final dividend for FY 2016 of up to 15 cents per share . Russell Stanners, currently CEO of Vodafone NZ, will be appointed CEO of the combined group . Sky and Vodafone expect the proposed transaction to complete around the end of 2016 . Buddle Findlay has acted as legal counsel to Sky . Citigroup acted as financial advisor to Sky; Deutsche Bank and Deutsche Craigs acted as financial advisor to Vodafone, Vodafone NZ and Vodafone Group . Vodafone will become a 51% shareholder in the combined group.  Full Article

UK's Ofcom updates on investigation into Vodafone Ltd
Monday, 6 Jun 2016 06:20am EDT 

UK's Ofcom: Determined there are reasonable grounds for believing Vodafone contravened GC14 of the general conditions between 1 Jan 2014 and 5 Nov 2015 .Has therefore issued a notification to Vodafone under section 96A of the communications act 2003.  Full Article

Vodafone says group chief commercial operations officer to exit in July;successor to be named in due course
Monday, 23 May 2016 12:00pm EDT 

Vodafone Group Plc : Paolo Bertoluzzo, its group chief commercial operations and strategy officer, has informed company of his intention to take up a new role in Italy . Paolo will be leaving Vodafone on 8 July 2016 to become group ceo of ICBPI .Vodafone will be announcing Paolo's successor in due course..  Full Article

Vodafone CEO says focusing on improvement in UK customer service
Tuesday, 17 May 2016 03:02am EDT 

Vodafone : Shares up 2.2 after full-year results, issues in-line guidance . Ceo vittorio colao says focusing on improvement in uk customer service, back to full strength in h2 . Ceo colao says european commission didn't have any option but to block o2-three merger in uk . Ceo says o2-three decision will have no ramifications on wider european consolidation . Ceo vittorio colao says will continue with organic plan in uk, but "will watch what's going on" in market regarding m&a Further company coverage: [VOD.L] (Reporting By London Bureau) ((uk.online@reuters.com; +44 20 7542 7717;)).  Full Article

Vodafone Group Plc announces placing of mandatory convertible bonds
Friday, 19 Feb 2016 02:00am EST 

Vodafone Group Plc:Says placement of 2.88 billion pounds of mandatory convertible bonds, to be issued in two tranches, one with an 18 month maturity and the other with a three year maturity (together, the bonds).Says bonds to be issued in two tranches: 18 month maturity and 3 year maturity ·.Says bonds convertible into ordinary shares representing about 5 pct. of Vodafone's current share capital.Says potential for Vodafone to buy back shares following conversion of the bonds in order to mitigate dilution, utilising disposal proceeds from its $5 billion Verizon loan notes.Says Vodafone to hedge its exposure to share price movements during the term of the Bonds via an option strategy.Says bonds will be issued at par.Says coupon has been fixed at 1.50% per annum (in respect of the Bonds with an 18 month maturity) and 2.00% per annum (in respect of the Bonds with a three year maturity).  Full Article

Liberty Global plc and Vodafone Group Plc to merge their Dutch operations
Tuesday, 16 Feb 2016 02:00am EST 

Liberty Global plc and Vodafone Group Plc:Say that Liberty Global Europe Holding B.V. and Vodafone International Holdings B.V. have reached agreement to merge their operating businesses in Netherlands to form a 50:50 joint venture (the JV).Say JV will operate under both Vodafone and Ziggo brands.Say based upon enterprise value of each business, and after deducting Ziggo's 7.3 billion euros of net debt2, Vodafone will make cash payment to Liberty Global of 1 billion euros to equalize ownership in JV, reflecting 2 billion euros difference in the two companies' equity value.Say Vodafone Netherlands will be contributed to the JV on a debt and cash free basis.  Full Article

Vodafone Group Plc says hackers broke into nearly 2,000 customer accounts this week - RTRS
Saturday, 31 Oct 2015 09:10am EDT 

Vodafone Group Plc:Vodafone UK said on Saturday hackers had accessed the accounts of 1,827 of its customers this week, the second cyber attack on a British telecoms company this month - RTRS.The attackers had potentially gained access to the victims' bank sort codes and the last four numbers of their bank accounts, along with their names and mobile telephone numbers, a Vodafone spokesman said - RTRS."This incident was driven by criminals using email addresses and passwords acquired from an unknown source external to Vodafone," he added in a statement - RTRS.Only a handful of those affected in the Thursday morning attack had seen any attempts to use their data for fraudulent activity on their Vodafone accounts - RTRS."No credit or debit card numbers or details were obtained. However, this information does leave these 1,827 customers open to fraud and might also leave them open to phishing attempts," the spokesman said - RTRS.  Full Article

Vodafone Group Plc to expand partner market agreement with MTS INCLUDING THE launch of its brand in ukraine
Friday, 16 Oct 2015 02:30am EDT 

Vodafone Group Plc:Vodafone and MTS have agreed to extend their strategic partner market agreement and expand the scope of it in Ukraine, signifying a deeper relationship between the two companies in the country.Under the new, non-equity partnership, the companies will roll out 3G and develop a number of new services in the market using the Vodafone brand in Ukraine.Says Both companies have been working together since the original partner market agreement was signed in 2008.Says Under this agreement, MTS has gained exclusive access to a range of products, services and devices from Vodafone for both consumer and corporate markets.It has also helped MTS leverage Vodafone's expertise in marketing and deployment of new technologies.The new agreement builds on and develops this long-standing partnership.Under this new strategic partnership, Vodafone will introduce a number of its services to the Ukrainian market which have proved extremely popular in Europe, including bundled offers, competitive long-distance international calls and worry-free roaming when abroad.  Full Article

Vodafone plans to file for India IPO in Aug, listing seen in Q4 -sources

HONG KONG, June 23 Vodafone Group is likely to file a draft prospectus for the planned IPO of its Indian business in August with the listing expected in the fourth quarter, in a deal seen raising as much as $2.5 billion, people with direct knowledge of the matter told Reuters.