Berenberg Bank Reiterates a Hold Rating on Vodafone Group Public Limited (VOD)

Core Viewpoint - Vodafone Group Public Limited Company (NASDAQ:VOD) is recognized as an affordable stock option under $20, with a Hold rating and a price target of £0.82 set by Berenberg Bank analyst Paul Sidney [1]. Group 1: Acquisition and Spectrum Details - Vodafone successfully acquired 100 MHz of spectrum in a 5G auction for $627 million (€539 million) [2]. - The acquired spectrum includes "2 x 10 MHz in the 700MHz band and 80 MHz in the 3.5GHz band," intended to support Vodafone Türkiye's digital transformation [3]. - The 5G services are expected to launch in 2026, with the spectrum available from April 2026 and a license duration of nearly 17 years, expiring on December 31, 2042 [3]. Group 2: Payment Structure - The payment for the spectrum acquisition will be phased over three financial years, starting with an initial installment of $209 million (€180 million) due in January 2026, followed by two equal payments of $209 million (€180 million) each in December 2026 and May 2027 [4]. Group 3: Company Overview - Vodafone Group Public Limited Company is engaged in telecommunications services both in Europe and internationally, providing mobile services that enable customers to text, call, and more [4].