Key Developments For Vodafone Group Plc
Vodafone Group Plc (VOD.O) (Nasdaq)
Orange Romania, Vodafone Group plc's Vodafone Romania and Consortium Formed by Romtelecom SA and Cosmote Mobile Telecommunications SA's Cosmote Romania Battle for Ancom Contract-Telecompaper Europe
Telecompaper Europe reported that Orange Romania, Vodafone Romania of Vodafone Group plc and a consortium formed by Romtelecom SA and Cosmote Romania of Cosmote Mobile Telecommunications SA are competing to win a EUR 1.71 million contract, with the value added tax, to be awarded by Romanian regulator Ancom. The contract concerns the establishment of a communication network for Ancom and the provision of communication services through fixed and mobile networks, namely internet, data communication, fixed and mobile telephony, until December 31, 2011. According to existing regulation, the bid's result will be published in maximum 40 days. The estimated maximum value of the contract is set at EUR 60,000 per month, without the value added tax.
Chunghwa Telecom Co., Ltd. And Vodafone Group Plc Form Roaming Alliance-DJ
Dow Jones reported that Chunghwa Telecom Co., Ltd. and Vodafone Group Plc said they will form an alliance in the international roaming business, and plan to jointly purchase equipment in the future. Under the agreement, the two companies will offer discounts of as much as 30% on international roaming calls made from Taiwan to 17 markets, including Europe, Australia and New Zealand, starting December 1. The cooperation will be extended to the joint procurement of equipment in the future.
Vodafone Group Plc Reaffirms FY 2010 Earnings Guidance
Vodafone Group Plc announced that for fiscal 2010, it has confirmed its guidance. The Company expects adjusted operating profit (EBIT) for fiscal 2010 to be in the range of GBP11.0 billion to GBP11.8 billion. According to Reuters Estimates, analysts were expecting the Company to report EBIT of GBP11.0 billion for fiscal 2010.
Samsung Convoy Joins Vodafone Group Plc and Verizon Communications Joint Venture Verizon Wireless' Fleet Of Push To Talk Phones
Verizon Wireless, a joint venture of Vodafone Group Plc and Verizon Communications, and Samsung Telecommunications America (Samsung Mobile) announced the availability of the Samsung Convoy, a rugged Push to Talk device with military specifications built to withstand the harshest of elements.
Ghana Government Won't Revoke Ghana Telecom Sale To Vodafone Group Plc-DJ
Dow Jones reported that Ghana's government has said it won't revoke last year's sale of state-owned Ghana Telecom to Vodafone Group Plc, according to the BBC report. The decision comes three weeks after the leaking of an official review commissioned by the government, which said the sale concluded under the previous government was unconstitutional and illegal. It said the $900 million Vodafone Group Plc paid last July for a 70% stake in Ghana Telecommunications was nowhere near its value, the BBC reported. The government is quoted as saying it accepted the recommendation of the review committee to re-engage with the management of Vodafone Group Plc and ensure compliance with the laws of Ghana.
