May 11th, 2023 6:08 PM 2 COMMENTS

e& Group CEO to Join Vodafone Board Under New Shareholders Agreement

Emirates Telecommunications Group (e&) and Vodafone Group have announced a strategic relationship to strengthen their collaboration and business synergy. This agreement comes following e&'s significant investment in Vodafone over the past year, according to the exchange filing. To recollect Vodafone Group's biggest shareholder, Emirates Telecommunications Group, has initiated talks with the troubled British Telecom group to push for changes on its board in April 2023. The relationship between the two... Read More

February 17th, 2023 7:57 PM 0 COMMENTS

Liberty Global Acquires 4.9% Stake in Vodafone Group

Liberty Global has announced that it has acquired 1,355 million shares in UK-based telecoms giant Vodafone Group, representing 4.92% of the outstanding share capital. However, the company, which invested 1.2 billion euros in the share, insisted that it has no plans to seek Vodafone board representation and claimed that no regulatory permits are necessary for an investment of this level. Also Read: e& Increases Stake in Vodafone Group to 13% Mike... Read More

February 15th, 2023 1:57 PM 0 COMMENTS

EU Approves Ad Tech Joint Venture by European Telcos

A collaboration between Deutsche Telekom, Orange, Telefonica, and Vodafone Group is in the works to establish a privacy-focused digital marketing technology platform in Europe. The platform is designed with a privacy-by-design approach and has the potential to benefit consumers, advertisers, and publishers. This joint venture has been approved by the European Commission, pursuant to the European Union Merger Regulation. Also Read: EE to Expand 5G to Rural Areas and Tourist Destinations... Read More

January 25th, 2023 6:01 PM 0 COMMENTS

Vodafone Sells Its British Headquarters and Rents a Portion Instead

Vodafone Group sold the headquarters, which it held for decades in Newbury, England, and will rent over half of the premises of the site back as it downsizes and cuts costs. Job cuts are also expected as the company tries to improve operations and strike deals to consolidate in key markets, including Britain. Vodafone Group sold the headquarters, which it held for decades in Newbury, England, and will rent just... Read More

January 10th, 2023 1:10 AM 8 COMMENTS

Vodafone to Sell Vodafone Hungary for 1.7 Billion Euros

Antenna Hungaria, a subsidiary of Hungarian telecoms and IT Group 4iG, Corvinus International Investment (acting for the Hungarian State), and Vodafone Group have announced the signing of a binding sale and purchase agreement for 100 per cent of Vodafone Hungary operations. The transaction announced is of particular importance in various respects in the history of Hungarian telecommunications. Sale Transaction The parties have agreed on an Enterprise Value of HUF 660 billion,... Read More

February 25th, 2022 8:54 AM 3 COMMENTS

Vodafone Successfully Raises Rs 1443 Crore by Selling Stake in Indus Towers

Vodafone Group Plc, a major British telco was eyeing to sell a 2.4% stake in the Indian tower company, Indus Towers through a block deal. The move was successful and the telco has raised Rs 1443 crore by selling 63.3 million shares at Rs 226.84 a share. Vodafone’s stake in Indus Towers has come down from 28.1% to 25.7%. The investors who purchased the stake were unnamed. According to an... Read More

July 30th, 2021 6:51 PM 1 COMMENTS

Vodafone Group Providing Practical Support to Vodafone Idea, No Additional Funds

Vodafone Group, a leading telecommunications company in Europe and Africa is only offering “practical support” to Vodafone Idea, says Nick Read, chief executive officer at Vodafone Group. Read in the first-quarter earnings call on July 23, 2021, said that Vodafone Idea, the third-largest wireless operator in India, is in a “difficult situation that they are trying to navigate.” However, Read said that the parent Vodafone Group will “not” be “putting... Read More

July 29th, 2021 3:22 PM 1 COMMENTS

Vodafone Idea Indian Promoter Not Interested In Raising Its Stake

The second major stakeholder of Vodafone Idea, Aditya Birla Group, is not utilising its power to buy shares of Vodafone Idea from the co-promoter, Vodafone Group and increase its 27.66% stake. The option to buy shares of Vodafone Idea is granted under the existing shareholder pact. Aditya Birla Group (ABG) has the power to buy additional shares of Vodafone Idea at Rs 130 per share from Vodafone Group to raise... Read More

July 20th, 2021 1:10 PM 0 COMMENTS

ITAT Directs Vodafone India to Pay Rs 230 Crore

Vodafone India Services Pvt Ltd (VISPL) has been granted a conditional stay by the Income Tax Appellate Tribunal (ITAT) in a transfer pricing case. The company has been directed to pay Rs 230 crores towards a disputed tax demand and give a corporate guarantee from an associate firm for nearly Rs 900 crore. As reported by ET Telecom, VISPL being unlisted and liable to pay the sum and provide a... Read More

May 14th, 2020 11:53 AM 11 COMMENTS

Vodafone Group will Not Inject New Equity into Vodafone Idea

Vodafone will not inject new equity into its Indian venture, Nicholas Read, CEO of Vodafone Group, said in the earnings call on Tuesday. Vodafone, the world’s second largest mobile operator reported its FY20 results on Tuesday with the group posting 2.6% increase in its core earnings. The company said that the group revenues increased 3% to 45 Billion euros but Vodafone did not provide an outlook for the current financial... Read More

May 13th, 2020 12:39 PM 3 COMMENTS

Vodafone Group Plc Might Invest Another Rs 285 Crore in Vodafone Idea

Vodafone Group Plc might invest Rs 285 crore in Vodafone Idea. The investment in Vodafone Idea will be made as per the terms of the agreement made with Idea Cellular back in 2018. It is expected that Vodafone Group Plc will invest the amount by September. Since the telco giant is facing financial distress to generate cash and clear off its financial liabilities, investment by Vodafone Group Plc will aid... Read More

April 29th, 2020 8:43 PM 2 COMMENTS

Vodafone Idea Will Not Get Full Rs 4,760 Crore Tax Refund: Supreme Court

The Supreme Court has declined the request of Vodafone Group PLC’S India Unit seeking tax refunds of Rs 4,760 crore from the federal government. Vodafone Group appealed to the apex body and stated that the income tax department retained the dues since 2018, which resulted in a massive amount of tax dues. However, the Supreme Court just allowed refund of Rs 733 crore and closed the matter. Vodafone Idea Already Struggling... Read More

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