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Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

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Share Price: 69.42
Bid: 69.58
Ask: 69.60
Change: -0.30 (-0.43%)
Spread: 0.02 (0.029%)
Open: 70.00
High: 70.42
Low: 69.42
Prev. Close: 69.72
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EXCLUSIVE-Liberty Global, Vodafone to win EU approval for Dutch tie-up - sources

Fri, 29th Jul 2016 16:52

(Adds European Commission, Vodafone decline comment, LibertyGlobal comments)

By Foo Yun Chee

BRUSSELS, July 29 (Reuters) - U.S. cable group LibertyGlobal and UK telecoms firm Vodafone are setto win EU antitrust approval for their plan to merge their Dutchoperations after offering minor concessions, two people familiarwith the matter said on Friday.

The companies, which want to bulk up to better compete withthe Netherlands' former telecoms monopoly KPN, offeredconcessions on July 12 but did not provide details.

The telecoms industry has seen a wave of consolidation inrecent years as companies scale up to boost investments and takeon bigger peers.

However, a tougher regulatory approach by EuropeanCompetition Commissioner Margrethe Vestager since herappointment in November 2014, and demands for major concessionsin return for her approval of merger deals, has worried thesector.

The merged company will be the second-largest telecomscompany in the Netherlands. Liberty's Ziggo is the largest cableTV operator in the country, while Vodafone is the second-biggestmobile network operator.

The European Commission and Vodafone declined to comment.The EU competition authority is scheduled to decide on the dealby Aug. 3.

"We do not comment on speculation. We are in constructivedialogue with the European Commission and are confident ofclearance in due course," a Liberty spokesman said.

Vodafone will pay 1 billion euros ($1.1 billion) to U.S.billionaire John Malone's group to equalize their stakes in themerged company.

($1 = 0.8959 euros) (Additional reporting by Kate Holton in London; Editing byJulia Fioretti and Mark Potter)

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4 May 2023 11:09

PRESS: Vodafone and CK Hutchison set to unveil GBP15 billion tie-up

(Alliance News) - Vodafone Group PLC and CK Hutchison Holdings Ltd are poised to unveil a GBP15 billion UK mobile tie-up, the Financial Times reported on Thursday.

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4 May 2023 08:29

Vodafone, CK Hutchison set to unveil UK mobile tie-up soon - sources

May 4 (Reuters) - Vodafone and CK Hutchison are close to agreeing a merger of their UK telecoms businesses, two sources said, in an expected 15 billion pounds ($19 billion) deal that would create the country's biggest mobile operator.

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27 Apr 2023 15:03

Vodafone appoints new chief executive, remaining also as finance chief

(Alliance News) - Vodafone Group PLC on Thursday said it has appointed Margherita Della Valle as group chief executive, taking over from Chair Jean-Francois van Boxmeer's temporary responsibilities as interim group chief executive.

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27 Apr 2023 11:58

Vodafone appoints Margherita Della Valle as CEO

(Sharecast News) - Vodafone said on Thursday that it has appointed chief financial officer and interim chief executive Margherita Della Valle as its new CEO.

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25 Apr 2023 12:59

E& lifts stake in Vodafone, discusses board changes

(Sharecast News) - Vodafone's biggest shareholder, Emirates Telecommunications Group, has upped its stake in the London-listed firm and opened talks to push for changes on its board.

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Vodafone to develop emissions-linked financing programme for suppliers

(Alliance News) - Vodafone Group PLC on Tuesday said it has joined forces with environmental not-for-profit firm CDP to develop a framework that will encourage suppliers to reduce their carbon emissions.

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14 Apr 2023 10:01

Hutchison briefed UK government as Vodafone deal set for regulatory scrutiny

Hutchison had positive meeting - source

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14 Apr 2023 09:46

LONDON BROKER RATINGS: Barclays raises CRH, Tesco price targets

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday afternoon:

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11 Apr 2023 08:00

Britain sets 5G goal, says no 'magic number' of operators

LONDON, April 11 (Reuters) - Britain set an ambition to deliver next-generation 5G mobile coverage to populated areas by 2030 and said there was "no magic number" of network operators required to ensure a competitive market.

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9 Apr 2023 13:14

Sunday newspaper round-up: Glencore, Tesco, Vodafone

(Sharecast News) - Glencore is being prodded by an influential investor, Bluebell Capital Partners, not to delay letting go of its environmentally damaging coal mining business. The FTSE 100 listed outfit's plan had been to acquire Teck Resources, merge its coal unit with it and to then spinoff and list the combined company on the New York Stock Exchange. After Teck rebuffed its offer, those plans are at risk, but Bluebell is urging Glencore to let go of that business, saying that the remainder of the company would then fetch a higher valuation. - Financial Mail on Sunday

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6 Apr 2023 16:00

UK defence firms keen to expand in India -business council

NEW DELHI, April 6 (Reuters) - British defence companies are planning to boost tie ups or make new investments in India, amid broader efforts to diversify their supply chains, an industry body said on Thursday.

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5 Apr 2023 13:29

Vodafone's Spanish unit attracting takeover interest - report

(Sharecast News) - Vodafone's Spanish business is reportedly attracting takeover interest from potential buyers.

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5 Apr 2023 09:29

LONDON BROKER RATINGS: Citigroup raises Direct Line to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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5 Apr 2023 07:00

South Africa fights to keep phone networks up as lights go out

Mobile operators spending millions on fuel, backup systems

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4 Apr 2023 14:46

Citi resumes coverage of Vodafone at 'neutral'

(Sharecast News) - Citi resumed coverage of Vodafone on Tuesday after a period of restriction, with a 'neutral' rating.

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