All Vodafone Group articles – Page 46
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Operations
Vodafone flags German shop closures
Recalibrating German business to axe portion of retail network amid declining footfall.
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Strategy & Change
Teoh tipped to flee TPG once escrow period ends
Operator’s main shareholders Vodafone and Hutchison free to sell shares after 12 July. So too is founder David Teoh, seen likely to up sticks first. Morgan Stanley analyst doesn’t foresee same share price carnage as when Teoh sold 3% stake last December.
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Partnerships & Alliances
Vodafone Business flaunts “new, exciting phase” for IBM, Kyndryl partnership
Trio combine to “supercharge” digital transformations with best-of-breed cloud ecosystem.
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Venturing & Investments
Sees.ai flies high with Boeing backing
Vodafone partner picks up $100,000 funding from the aerospace giant.
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Partnerships & Alliances
Vi mulls exit from Wi-Fi joint venture
Indian operator goes cool on Firefly joint venture with Airtel, set up in 2015.
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Suppliers & SCM
VPC’s Schultz readies new procurement venture
VPC Chairman maintains claim that ‘category management’ is dead.
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Strategy & Change
TowerCo agenda in “final stages” as Vodacom targets power resilience
Inter-operator synergies and power supply assurance the top priorities for upcoming TowerCo.
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Network & Infrastructure
UK telco execs call time on net neutrality
BT’s Allera, VM O2’s Cobian, and Vodafone’s Essam share their views on ‘big tech’ contributions to network investment.
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Financial & Performance
Vodafone’s FY21–22 message: ‘keep calm and carry on’
Read once again assures shareholders that M&A activity is on the horizon.
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Operations
Vodafone targets hundreds of OSS apps with “aggressive” cull
Group sets five-year target to whittle 1,200 OSS apps down to 600.
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Partnerships & Alliances
SpaceMobile stays flexible as final testing nears
New funding deal with B Riley provides cash assurance as investment builds ahead of commercial launch.
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Strategy & Change
All eyes on Read as e& acquires $4.4bn Vodafone stake
Chief Executive Nick Read ‘blindsided’ by announcement ahead of Tuesday’s annual results call.
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Network & Infrastructure
Vantage gains build wiggle room with Vodafone deal change
TowerCo builds production speed and “optionality” by securing licence to outsource part of its site expansion work for Vodafone Germany.
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Financial & Performance
Vodafone Q4 FY21–22: Super apps and fintech investment to drive Vodacom growth
FY21–22 results underline revenue diversification ambitions, with ‘new services’ set to contribute increasing proportion to bottom line.
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Public Affairs
Vodafone gains partial victory against former ONO execs
La Audiencia de Madrid rules that ONO execs accused of tax fraud before Vodafone takeover should pay VAT fees siphoned off cableco’s books. Ruling falls well short of €140m in damages Vodafone was originally seeking.
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M&A
TPG sells towers to Canadian pension fund
CEO Berroeta claims balance sheet boost is “strong outcome” for shareholders. Enterprise value set at AU$ 950m. After transaction costs and tax, TPG will bank a more modest sum of between AU$ 350m and AU$ 400m. Transaction includes 20-year master services agreement.
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Operations
Indus seeks to move on from “nail-biting” Vi crisis
Indian tower giant sees “discomfiting” client payment worries subsiding
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People
Fries outstrips Read on earnings front
Liberty Global CEO Mike Fries took home $62m in FY21, putting him ahead of peers at fellow large telcos including Vodafone’s Nick Read.
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Partnerships & Alliances
Still no date for Safaricom Ethiopia launch
STE indicates it is close to reaching network-sharing agreements with Ethio Telecom. Changes to national payments law should pave way for M-PESA.
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Operations
Vodafone exec hails big data benefits of Google Cloud
Ignacio Garcia says Vodafone collaboration with Google Cloud Platform has helped improved customer satisfaction and lower TCO. Platform processed more than 100 exabytes from Group operations in 2021.