Vodafone Group PLC (VOD.OQ)
17 May 2019
The following factors could affect Italian markets on Thursday.
SYDNEY Australia's anti-trust regulator apologized "unreservedly" for publishing confidential information about its decision to block a $10 billion merger of TPG Telecom and Vodafone's Australian joint venture, blaming a flaw in its website.
SYDNEY, May 16 Australia's anti-trust regulator apologised "unreservedly" for publishing confidential information about its decision to block a $10 billion merger of TPG Telecom and Vodafone's Australian joint venture, blaming a flaw in its website.
May 15 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:
MILAN A deal to merge Vodafone's tower infrastructure in Italy into INWIT, the mast group 60 percent owned by Telecom Italia (TIM), will be signed by the summer, INWIT's Chief Executive Giovanni Ferigo said on Wednesday.
LONDON The new boss of Vodafone cut the mobile operator's dividend for the first time, securing the firepower it needs to build 5G networks and complete its acquisition of Liberty Global assets. | Video
* Shares up 2.5 pct (Adds CEO comments, analyst reaction, shares)
LONDON, May 14 Vodafone slashed its dividend on Tuesday, reversing a pledge to maintain the payout in the face of rising spectrum costs, tough competition in Spain and Italy and a balance sheet soon to be hit by the acquisition of Liberty Global assets.
WELLINGTON/SYDNEY Vodafone Group Plc on Monday agreed to sell its New Zealand business for NZ$3.4 billion ($2.23 billion) to a consortium comprising of New Zealand-based Infratil Ltd and Canada's Brookfield Asset Management, in a deal the telecom giant says would help reduce its debt.
* Deal fits Vodafone exit strategy in region, TPG merger-analysts