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Vodafone Group PLC (VOD.O)

VOD.O on Nasdaq

16 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Teamtalk confirms completion of 70% sale of Farmside to Vodafone NZ
Wednesday, 31 May 2017 05:45pm EDT 

June 1 (Reuters) - Teamtalk Ltd :Teamtalk confirms completion of 70 pct sale of Farmside.Announces completion of transaction enabling Vodafone NZ to acquire 70 per cent of shares in Baycity Communications for NZ$10 million in cash.  Full Article

UK's CMA says Vodafone-Capita confirm that merger is abandoned
Tuesday, 30 May 2017 09:23am EDT 

May 30 (Reuters) - UK's Competition and Markets Authority::Capita and Vodafone have confirmed that they have abandoned the transaction, the CMA has decided not to make a reference in this case.Reference to anticipated acquisition by Capita plc of the UK one-way wide-area paging services business of Vodafone Ltd.  Full Article

Liquid Telecom names Kyle Whitehill as CEO at Neotel
Thursday, 25 May 2017 10:24am EDT 

May 25 (Reuters) - Liquid Telecom::Liquid Telecom, unit of Econet Global, named Kyle Whitehill as CEO at Neotel .Kyle was earlier with Vodafone where he served for almost 15 years.  Full Article

Vodafone Malta to be combined with Melita Ltd
Wednesday, 24 May 2017 02:10am EDT 

May 24 (Reuters) - :Apax Partners Midmarket SAS, Fortino Capital and Vodafone Group Plc <<>> to combine Melita ltd and Vodafone Malta Ltd.Combined company's mobile and enterprise business will operate under the Vodafone <<>> brand.At completion, the current shareholders of Melita will own 51 percent of the Combined Company and Vodafone Europe B.V., the current shareholder of Vodafone Malta, will own the remaining 49 percent.The transaction values Vodafone Malta at an enterprise value of 208 million euros ($232.44 million), equivalent to multiples of 6.8x EV/2016 EBITDA and 15.1x EV/2016 OpFCF .The transaction values Melita at an enterprise value of 298 million euros, equivalent to multiples of 8.9x EV/2016 EBITDA and 15.3x EV/ 2016 OpFCF3 .  Full Article

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

UPDATE 3-Two-year Brexit transition is assured, UK PM May tells business chiefs - source

LONDON, Oct 9 Prime Minister Theresa May told business leaders on Monday that they could be certain there would be a two-year transition period after Britain's exit from the European Union, a source told Reuters.