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Vodafone Group PLC (VOD.O)

VOD.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

Sky Network Television, Vodafone to appeal against NZ Commerce Commission's decision
Tuesday, 21 Mar 2017 05:21pm EDT 

Sky Network Television Ltd : Appeal of Commerce Commission decision declining clearance . Sky Network Television Limited (SKY) and Vodafone are today filing appeals in high court . Filing against New Zealand Commerce Commission's decision not to clear two co's proposed merger of their operating businesses in New Zealand .Are filing appeals for an appeal in order to preserve their rights while they wait for release of commission's reasons for its decision.  Full Article

Idea Cellular board approves merger with Vodafone India
Monday, 20 Mar 2017 12:17am EDT 

Idea Cellular Ltd : Says board approved scheme of amalgamation of Vodafone India and its unit Vodafone Mobile Services Ltd with co . Entire business of VIL and VMSL, excluding VIL's investment in Indus Towers, international network assets and IT platforms, to vest in co . On amalgamation of VMSL becoming effective, co shall issue shares of co to VIL equal to 47 percent of post issue paid-up capital of co . Vodafone to own 45.1 percent of combined co after transferring about 4.9 percent to promoters of Idea and/or affiliates for INR 38.74 billion in cash . Promoters of Idea, Vodafone have right to nominate 3 directors each . Promoters of Idea have sole right to appoint chairman . Appointment of CEO, COO will require approval of both promoters of Idea and Vodafone . Vodafone has right to appoint CFO of company . Promoters of Idea have right to buy up to 9.5 percent additional stake from Vodafone under agreed mechanism with view of equalising shareholdings over time . Agreement contemplates completion of proposed amalgamation with a period of 24 months . Until equalisation is achieved, voting rights of additional shares held by Vodafone will be restricted and votes will be exercised jointly . Idea to contribute all of its assets including standalone towers with 15.4k tenancies and 11.15 percent stake in Indus Towers.  Full Article

Telefonica to grant Vodafone access to its optic fiber network
Thursday, 16 Mar 2017 06:06am EDT 

Telefonica SA : Telefonica and Vodafone sign a commercial agreement for wholesale access to optic fiber network .After the deal, Vodafone can immediately access Telefonica's optic fiber networks.  Full Article

Altice's Portuguese unit buys 25 percent stake in Sport TV
Friday, 24 Feb 2017 11:21am EST 

MEO, the Portuguese subsidiary of telecommunications firm Altice says in a statement: Buys 25 percent stake in Sport TV, which has 6 sports channels in Portugal. . Does not disclose amount paid. . To share ownership of Sport TV, in equal stakes, with NOS , Olivedesportos and Vodafone Portugal, a unit of Vodafone. (Reporting by Andrei Khalip) ((andrei.khalip@thomsonreuters.com;)).  Full Article

New Zealand commerce commission declines to clear Vodafone New Zealand, Sky Network Television deal
Thursday, 23 Feb 2017 02:00am EST 

Vodafone Group Plc :New Zealand commerce commission declines to clear proposed merger of Vodafone New Zealand and Sky Network Television.  Full Article

Vodafone says focusing on broadband in UK, TV is an option
Thursday, 2 Feb 2017 07:00am EST 

Vodafone : Ceo says thinking on uk not changed, reinforced by customer service improvements . Ceo says made a good beginning on convergent offer in uk, although numbers small . Ceo says no update on tax dispute in india, no link with idea cellular discussions . Ceo says does 'not necessarily' need to do some kind of joint venture or other deal in the uk . Ceo says in the uk focusing on pure broadband, not on tv . Ceo says focusing on building the base, tv remains an option . Ceo says see potential for fibre deals in germany, number of promising initiatives . Ceo says do not have any plan to move hq out of uk Further company coverage: [VOD.L] (Reporting By London Bureau) ((uk.online@reuters.com; +44 20 7542 7717;)).  Full Article

ProSiebenSat.1 and Vodafone sign comprehensive distribution agreement
Thursday, 2 Feb 2017 06:55am EST 

Prosiebensat 1 Media SE :Prosiebensat.1 and Vodafone sign comprehensive distribution agreement.  Full Article

Vodafone says progressing on Netherlands JV, no Liberty talks beyond that
Thursday, 2 Feb 2017 02:20am EST 

Vodafone : Ceo says discussions with idea ongoing, but nothing to say today . Cfo says seeing some price pressure from ee and o2 in enterprise in the uk . Cfo says progressing nicely with liberty global on netherlands jv, no talks beyond that Further company coverage: [VOD.L] (Reporting By London Bureau) ((uk.online@reuters.com; +44 20 7542 7717;)).  Full Article

Bharti Airtel says it welcomes news of proposed alliance between Vodafone and Idea
Tuesday, 31 Jan 2017 04:52am EST 

Bharti Airtel Ltd : says "welcome the news of the proposed alliance between vodafone and idea cellular. " . says important to ensure that such consolidations are not an outcome of a forced situation created by offering an ‘unfair playing filed’ to any particular co . "consolidation is always good, especially for any capital intensive sector with multiple players" Further company coverage: [BRTI.NS] (Bengaluru newsroom) ((Reuters Messaging: Bangalore.newsroom@thomsonreuters.com)).  Full Article

UK's Ofcom closes investigation into BT’s price compliance
Tuesday, 10 Jan 2017 06:13am EST 

UK's Office of Communications: Closed investigation concerning BT’s compliance with its cost-orientation obligations under general condition 18.5 on Jan.4 . Found that BT’s charges to Gamma and Vodafone for APCCs from January 2015 did not comply with the requirements of GC18.5(A) .Concluded that BT should amend its charges accordingly and make repayments to Gamma and Vodafone.  Full Article

More From Around the Web

Sky TV appeals Commerce Commission's rejection of Vodafone NZ purchase

WELLINGTON, March 22 New Zealand pay television provider Sky Network TV on Wednesday filed an appeal against the Commerce Commission's decision to bar its purchase of Vodafone's local unit.