Key Developments: Vodafone Group PLC (VOD.O)
30.23USD
17 May 2013
$0.08 (+0.27%)
$30.15
$30.11
$30.24
$29.99
7,472,549
13,168,208
$30.80
$24.42
Latest Key Developments (Source: Significant Developments)
Vodafone Group Plc Signs Network Agreement with Deutsche Telekom
Vodafone Group Plc (Vodafone) announced that through Vodafone Germany it signed a network access agreement with Deutsche Telekom (DT) which will allow Vodafone to offer high-speed fixed-line broadband and Internet protocol-based TV (IPTV) services across Germany. Vodafone will initially use DT's VDSL network under a bespoke Layer 3 (IP-based) bitstream agreement. This will allow Vodafone to offer its customers connection speeds of up to 50 Mbps (rising to 100 Mbps once DT has deployed vectoring technology) as well as Vodafone's own on-demand and broadcast IPTV services. The two companies have also agreed that a new Layer 2 (ethernet-based) bitstream product will be made available by DT to Vodafone from 2016, which will allow differentiation and control over the design and delivery of the services that Vodafone offers to consumers and enterprise customers. Full Article
Vodafone Group Plc To Launch CARRIER SERVICES BUSINESS AT INTERNATIONAL TELECOMS WEEK 2013
Vodafone Group Plc announced launch of its carrier services business unit. The new unit within Vodafone Group Enterprise, Vodafone Carrier Services has been created following the company's acquisition of Cable & Wireless Worldwide plc in 2012. Vodafone Carrier Services combines the carrier services of Vodafone's operating companies and CWW into one integrated global carrier business. This will deliver economies of scale and give CSPs a single interface to Vodafone, creating cost savings and efficiencies for both parties when buying and selling. Vodafone Carrier Services will provide CSPs with adaptable voice and data services that are ready for the next generation. The business already has more than 1,000 customers and partners around the world and offers a broad portfolio of fixed and mobile services with unrivalled global and local reach. Full Article
Vodafone Group Plc Sues India Telecom Department Over Permits-DJ
Dow Jones reported that Vodafone Group Plc's Indian unit has challenged in a local court the telecommunications department's decision to reject the Company's application to extend its permits in three cities. Vodafone India Ltd.'s licenses to provide telephone services in Delhi, Mumbai and Kolkata are due to expire in November 2014. The department rejected its application because the government is working on a new telecom policy under which companies will have to buy mobile-telecom frequencies through auctions when their existing permits end. Vodafone, which challenged the department's decision in the Delhi High Court, said the Company is a long-term player and is willing to pay a fair and reasonable price for the extension of its licenses. Vodafone has already invested billions of dollars to build networks and provides services to millions of users on the basis of trust that the government as a sovereign entity, adheres to the principles of equity and fair play," it said in a statement. Full Article
Vodafone Group Plc Powers Mahindra's Reva's e2o Connected Car
Vodafone Group Plc announced that Mahindra Reva Electric Vehicles Pvt. Ltd., a part of the Mahindra Group, has powered its recently launched e2o electric vehicle, the connected car, with Vodafone's machine-to-machine (M2M) communication services. Drivers of the e2o can remotely access a range of features and functions by using a smartphone app or dedicated web page. Drivers can check their battery charge, remotely control air-conditioning, lock or unlock doors and find the nearest charging station. The e2o also automatically alerts its owner if the parking break is off or a door is left unlocked. Vodafone's communication technologies and M2M platform provide secure connectivity between the vehicle and the central application. Full Article
Vodafone Group Plc To Cut 500 Jobs In Germany-Reuters
Reuters reported that Vodafone Group Plc will cut 500 jobs in Germany, as the group adjusts to harsher competition and lower fees in Europe's largest economy. The Company aims to shift some operations to Romania and India, as well as considerably reduce starting salaries. Areas like network technology and customer service will be affected. Vodafone is suffering because of low price offers for smartphones from Deutsche Telekom's T-Mobile unit and a regulatory ruling that lowers the fees mobile operators can charge for calls coming from other networks. Full Article
Myanmar Names 12 Bidders In Race For Two Mobile Licences; China Mobile Teams With Vodafone Group Plc In Bid-Reuters
Reuters reported that Myanmar has announced the names of 12 international consortia that have pre-qualified to bid for two mobile licences, moving closer to opening one of the last major untapped mobile markets. The companies include Bharti Airtel Ltd, China Mobile Ltd, KDDI CORP, MTN Group Ltd, Singapore Telecommunications Ltd, Telenor ASA and Digicel, a group backed by billionaire George Soros. The pre-qualified applicants will be required to submit their applications to the committee by June 3, 2013. The committee expects to announce the names of two winners to receive 15-year telecommunications licences by June 27, it said. China Mobile has teamed up with Vodafone Group Plc, while France Telecom SA is working with Marubeni Corporation, and Africa's MTN with M1 Telecom and Amara Communications. SingTel has joined with Myanmar Telephone Co Ltd and KBZ, while KDDI has teamed up with Japan's SUMITOMO CORP and Myanmar Information and Communication Technology Development Corp. Other pre-qualifiers are Axiata Group Bhd, Millicom International Cellular SA, Qatar Telecom QSC and Viettel Group. The bidding has attracted wide interest from international telecoms firms, which see huge opportunities in a country of 60 million where mobile penetration is just 5%-10%, compared with rates of over 100% in many developed markets. Full Article
Vodafone Group Plc's Indian Unit Challenges India's Move To Deny Telecom Permit Extension-DJ
Dow Jones reported that Vodafone Group Plc's Indian unit has challenged India's move to deny the extension of permits for the Company's operations in three lucrative service areas in the South Asian nation. The latest standoff between Vodafone and the Indian government reflects the many regulatory hurdles faced by operators in the India. The company also said since the rules for new permits hadn't been announced yet, it could not be denied the extension of permits. Vodafone's response comes after India's Department of Telecommunications recently rejected the company's application to extend its licenses in Delhi, Mumbai, and Kolkata, which are set to expire on November 2014. The telecom department, while rejecting the application by Vodafone India, said the permits could not be extended as the policies had changed since 2012. Full Article
Vodafone Group Plc, Polkomtel Sp. z o.o Form New Partner Market Pact In Poland-DJ
Dow Jones reported that Vodafone Group Plc said it and Polkomtel Sp. z o.o. have formed a new Partner Market agreement in Poland. Under the non-equity partnership agreement, Vodafone's multinational customers will benefit from the addition of Poland to their existing contracts for international managed services, while continuing to be serviced via a single point of contact. Polkomtel will benefit from access to Vodafone practice and to joint products and services for business and consumer customers. Full Article
Vodafone Group Plc And Orange To Co-Invest In Fibre To Home In Spain
Vodafone Group Plc announces that it has signed an agreement with Orange to co-invest in fibre to the home deployment in Spain, with the intention to reach 6 million households and workplaces across 50 cities by September 2017. Under the terms of the agreement, Vodafone and Orange will each deploy street-level fibre (horizontal infrastructure) in complementary geographies. The fibre will be owned independently but will share the same technical specifications to ensure compatibility as a single network, and each partner will have guaranteed access to the whole infrastructure. The companies will also each deploy their own in-building fibre (vertical infrastructure), guaranteeing access to each other, and will together request access to any third party vertical infrastructure. Full Article
Vodafone Group Plc Secures 10 Year Pact From New Zealand Police-DJ
Dow Jones reported that New Zealand Police has chosen Vodafone Group Plc' Vodafone New Zealand as its partner for mobile communications in a 10 year fully outsourced deal. From April this year, Vodafone New Zealand will deliver customized mobile services and smart phones to New Zealand Police Initial cost of the rollout is NZD4.3 million. Over the next 10 years, New Zealand Police will spend NZD159 million in operating expenditure to fund the technology rollout. Over the same period, the move is expected to provide New Zealand Police with productivity benefits of NZD304.8 million. Full Article
All eyes on Vodafone's Colao for signs on Verizon
LONDON - After months of speculation, Vodafone's Vittorio Colao will be under pressure next week to set out whether he may sell its prized stake in Verizon Wireless in what would be one of the biggest deals ever.
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