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UK biggest phone network created as Three-Vodafone merger gets conditional approval
Sky News· 2024-12-05 08:45
Core Viewpoint - The merger of Three and Vodafone has been approved by the UK's Competition and Markets Authority (CMA), creating the largest mobile network in the UK despite concerns over potential price increases for consumers [1][5]. Group 1: Regulatory Approval and Conditions - The CMA's approval is conditional upon the new entity investing billions to enhance 5G internet services across the network [1]. - Legally binding targets have been established for the combined Vodafone and Three, including capping certain mobile tariffs and offering preset contractual terms to mobile virtual network operators for three years [2]. - Both the CMA and communications regulator Ofcom will enforce these conditions, with Vodafone and Three required to submit annual progress reports [3]. Group 2: Market Impact and Consumer Benefits - The merger reduces the number of mobile phone networks from four to three, resulting in the largest provider with 27 million customers [5]. - Increased investment in 5G services is expected to enhance competition among mobile network operators in the long term, benefiting millions of consumers [5]. - The deal is valued at £16.5 billion and has been under regulatory review for nearly a year, with industry analysts optimistic about the potential for improved services and network investment [6].
British regulators approve $19 billion Vodafone-Three mobile merger
CNBC· 2024-12-05 07:12
Group 1 - Vodafone plans to cut 11,000 jobs over three years due to recent performance issues under new leadership [1] - The UK's Competition and Markets Authority (CMA) has approved the merger between Vodafone and Three, contingent on specific commitments [2] - The merger, valued at £15 billion ($19 billion), requires both companies to invest significantly in a combined 5G network rollout [2] Group 2 - The merged entity must cap certain mobile tariffs and provide preset contractual terms to mobile virtual network operators (MVNOs) [2]
Are Investors Undervaluing Vodafone Group (VOD) Right Now?
ZACKS· 2024-11-26 15:41
Core Insights - The Zacks Rank system emphasizes earnings estimates and revisions to identify winning stocks, while also considering trends in value, growth, and momentum for strong stock picks [1][2] Company Analysis: Vodafone Group (VOD) - Vodafone Group (VOD) has a Zacks Rank of 2 (Buy) and a Value grade of A, indicating it is a high-quality value stock [3] - VOD's PEG ratio is 0.51, which is below the industry average of 0.54, suggesting it is undervalued relative to its expected earnings growth [4] - The P/B ratio for VOD is 0.34, significantly lower than the industry average of 0.80, indicating a solid valuation compared to its book value [5] - VOD's P/B has fluctuated between a high of 0.42 and a low of 0.33 over the past 52 weeks, with a median of 0.36 [5] - Overall, VOD's strong earnings outlook and key valuation metrics suggest it is likely undervalued at present [6]
TERRIFIER 3's Art the Clown is Coming Home, with Dates Announced For EST/VOD and Physical Media
Prnewswire· 2024-11-19 17:38
Group 1 - Cineverse and Bloody Disgusting announced that "Terrifier 3" has grossed over 54 million dollars domestically, making it the top unrated movie ever at the box office [1][4] - "Terrifier 3" will be available on EST/VOD on November 26, 2024, and on physical media on December 17, 2024 [1] - The film features a "Making Of" featurette and a unique "Eulogy Log" twist on the traditional Yule log, starring David Howard Thornton as Art the Clown [2] Group 2 - The storyline of "Terrifier 3" follows Sienna and her brother as they attempt to rebuild their lives after surviving Art the Clown's Halloween massacre, only to face new horrors during the holiday season [3] - Yolanda Macias, Chief Content Officer of Cineverse, expressed excitement over the film's box office success and the opportunity to bring it to a dedicated audience [4] - Cineverse distributes over 71,000 films, series, and podcasts, engaging over 150 million unique monthly users and delivering over one billion minutes of curated content each month [5] Group 3 - Cineverse is positioned as a leading entertainment studio with properties like "Terrifier 3" and the horror destination Bloody Disgusting, aiming to provide authentic and experiential content [6] - SCREAMBOX, a service under Cineverse, offers a diverse range of horror content, including classic films and new releases, catering to both casual and dedicated horror fans [7]
Vodafone Group Q2: Further Pain Ahead, Potentially Moderating Next Year
Seeking Alpha· 2024-11-12 18:56
Vodafone Group Public Limited Company (NASDAQ: VOD ) just reported its Q2 '25 numbers , which the market did not like at all. I wanted to go through the numbers in some detail and give some comments on the outlook forMSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to time.An ...
Vodafone Group(VOD) - 2025 Q2 - Earnings Call Transcript
2024-11-12 13:49
Financial Data and Key Metrics Changes - Group EBITDA grew by 3.8% in the first half, supported by strong growth in the U.K. (over 8%), other Europe (over 3%), and Turkiye (circa 50% in euro terms) [3][4] - Service revenue trends slowed in Q2 due to the peak impact from the MDU transition in Germany [3] Business Line Data and Key Metrics Changes - Digital services in the business segment grew by 18%, indicating a strong reacceleration in trends [7] - The company has completed over 80% of its role reduction program and has commercialized shared operations with Accenture [7] Market Data and Key Metrics Changes - The U.K. service revenue improved from flat to plus 1.2% in Q2, with expectations for continued improvement in the second half [28] - Turkiye has shown tremendous performance, gaining market share and achieving the highest-ever market share for Vodafone in the region [30][31] Company Strategy and Development Direction - The main operational focus is on Germany, with a new management team in place to drive customer-centric strategies [4][5] - The company aims to deliver gigabit-capable broadband to 75% of German households, enhancing its market growth potential [6] - The overarching objective is to achieve long-term growth that drives returns, focusing on customer satisfaction and operational simplicity [35][38] Management's Comments on Operating Environment and Future Outlook - Management expects a broadly similar performance in Germany for Q3, with improvements anticipated in Q4 as the MDU impact fades [19][20] - The company is optimistic about returning to positive growth in Germany by FY '26, supported by improved commercial trends and cost management initiatives [24][36] Other Important Information - The company has sold a further stake in Vantage Towers for €1.3 billion to establish a co-control structure [8] - The company is in the final stages of reorganizing its Group structure, with approvals expected in Italy and the U.K. soon [8] Q&A Session Summary Question: Impact of MDU transition on Germany's performance - Management noted an improvement in net adds performance in fixed services, with expectations for continued improvement through the year [11][15] Question: Service revenue trajectory for the remainder of the year - Management expects a slight improvement in Group service revenue growth in the second half, with positive contributions from the U.K. and Africa [28][30] Question: Competitive environment in the German mobile market - Management acknowledged increased competitive intensity but emphasized a disciplined approach to pricing [64][66] Question: Regulatory outlook in Europe - Management is actively engaging with European regulators to promote investment in the telecom sector, highlighting the importance of competition [81][82] Question: Future of joint ventures and tower monetization - Management expressed satisfaction with the current 50/50 structure in towers and indicated no immediate plans for further sell-downs [55][58]
Vodafone Group(VOD) - 2025 Q2 - Quarterly Report
2024-11-12 13:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULES 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 Dated November 12, 2024 Commission File Number: 001-10086 VODAFONE GROUP PUBLIC LIMITED COMPANY (Translation of registrant's name into English) VODAFONE HOUSE, THE CONNECTION, NEWBURY, BERKSHIRE, RG14 2FN, ENGLAND (Address of principal executive offices) Indicate by check mark whether the registrant files or will file a ...
Vodafone UK Launches Cyber Protection Services for Fixed Broadband Subscribers Powered by Allot Secure
GlobeNewswire News Room· 2024-11-12 10:07
Hod Hasharon, Israel, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Allot Ltd. (NASDAQ: ALLT) (TASE: ALLT), a leading global provider of innovative network intelligence and converged network-native security solutions for communication service providers and enterprises, has today announced that Vodafone UK has recently launched Secure Net Home, extending network-native, next generation threat protection and content control services to their fixed broadband customers using Allot’s award winning HomeSecure solution. Eyal ...
British regulator says $19.5 billion Vodafone-Three merger could go ahead if remedies are adopted
CNBC· 2024-11-05 09:12
A pedestrian walks past a Vodafone store in central London on May 16, 2023. British mobile giant Vodafone is to axe 11,000 jobs over three years in the latest cull to hit the tech sector, as new boss Margherita Della Valle slammed recent performance. LONDON British telecom firms Vodafone and Three's multibillion-pound merger could go ahead if the companies adopt a series of proposed remedies to clear competition concerns, regulators said Tuesday. In a statement, the Competition and Markets Authority said th ...
Vodafone Business IoT to Provide Global Connectivity for the Oracle Enterprise Communications Platform
Prnewswire· 2024-11-05 09:00
PARIS, Nov. 5, 2024 /PRNewswire/ -- Oracle Communications Summit -- Oracle is building on its partnership with Vodafone Business IoT to bring global IoT connectivity to Oracle's Enterprise Communications Platform (ECP) industry applications customers. Built on the high performance and security of Oracle Cloud Infrastructure, ECP uses edge architecture to give businesses the out-of-the-box connectivity and near real-time data intelligence required to power essential new services.The platform, which uses Voda ...