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Try googling Broadband in Australia who pay per MB downloaded, can not access specific sites, cant get speeds unless in cities, had a government that nationalised Broadband and make a total **** of it. Now they install copper and fibre depending upon where you live, no better than before only now its costs a lot more, takes a lot longer and is completely under funded making it next to useless. Yer great idea.
Oh, and would you pay 3p to 5p extra on income tax to pay for the roll out of fibre which will take decades? Instead of saying Government money, replace those words with Tax-payers money, which is the truth as Governments don't have any actual money.
Free high speed broadband for every household in the UK is not a pipe dream, it's actually achievable with investment and the ability to recruit the best staff from around the globe. - David773
The argument falls apart when you realise corbyn and he's chums will nationalise at a 40% discount to market value if they get the chance. If it's such a good idea, pay shareholders the market rate. If you don't, your an asset striping commy
I understand what you are saying. I just don't understand why he wants to make it free along with all his other freebies. Broadband is not hugely expensive. If you say it is a good thing to Nationalise Openreach then I believe you, but he should collect the revenue from it otherwise it's a hell of a cost going forward. Everyone that is paying for it today will quite happily pay Corbyn for it. Why give done thing away free that doesn't need to be ?. What next Nationalise BP and give everyone £30 worth or free petrol a month ?
Johnson36 have you actually studied the proposals or have you just read the headlines in The Mail/Telegraph ?
I am not a Labour voter, that does not mean ( as a VF shareholder ) that I cannot give them credit when they are able to identify a problem and suggest a solution.
BT cannot, and clearly will not, provide the massive sums needed to fix Openreach. It is extremely unlikely another private company would do so either. This is massively impacting 4G rollout in rural areas. What we are essentially creating is a 2 tier system where high speed connectivity becomes the preserve of the City of London and a few other select places, when we need high speed connectivity for business nationwide.
Despite VF buying Cable and Wireless it still relies heavily on Openreach, as do most of the other companies that piggy back off its network. I am not sure if it is still the case, but as recently as 2017 it was reportedly the biggest customer Openreach had- so is essentially pumping money hand over fist into a rival business. That is commercial suicide in the long run.
As stated, most other operators would rejoice at Openreach leaving BT ownership, and have been lobbying the Government long and hard to force the break up, especially in the light of the BT purchase of EE.
In terms of cost, the loss to HMRC is dwarfed by the current cost to the UK of having to function on broadband speeds one would normally associate with Third Word countries, especially outside of our major cities.
All of this before one takes into consideration the loss to the industry of skilled workers from the EU who have packed up and gone elsewhere to work, either because of the weak pound or because they have no right to remain. There is now a chronic skills shortage across the board and it seems like a colleague is leaving to go and work in Germany or Spain every other week at present, staff we cannot afford to lose.
The proposals from Labour are not fully fleshed out, and some of their ideas are not fully formed, but at least they are actually listening to what people in the industry are saying rather than ignoring them as this government has done for the last 4 years. Free high speed broadband for every household in the UK is not a pipe dream, it's actually achievable with investment and the ability to recruit the best staff from around the globe.
Naturally there would be limits to the free offer, with charges proposed for households or businesses that exceed an initial limit. I have not seen anything that suggested unlimited date- that would be madness
As an industry we keep waiting for the Tories to respond, but all we get is some vague promise about investment around connectivity by 2025 ( which they have already rowed back from ) but with no explanation as to how that can be delivered.
Why didn't Corbyn just say that he would Nationalise BT openreach and finish rolling out high speed broadband much quicker than BT are doing it.
Why did he have to promise to give it free to everyone and every business ? That means companies like Amazon will get it free, right ?. An absolutely ridiculous promise. As well as the cost of doing it, what about the loss of corporation tax that the HMRC Currently collects on the whole of the UKs broadband payments. Also what about the job losses at the other broadband providers ?.
And even the last 5 minutes has stuffed us again - cant win anyway at the moment - looking quite depressing at the moment.
A quality, balanced post. I'm not involved here since exiting for well known reasons as stated in my past comments. But I think you instil some much needed objectivity, rather than the usual scapegoating we see on most BBs. - Regards.
Some seriously misguided comments on this thread in relation to broadband. For the record
1) Openreach is a broken business, almost everyone in the industry knows this
2) Vodafone has long championed Openreach being separated from BT
3) The Vodafone rollout of 4G and 5G in the UK is largely dependent on Openreach upgrading Vodafone and Telefonica masts with fibre optic cable. This is done at a speed determined by Openreach, part of BT who also own EE. You don't need to be a rocket scientist to see why VF are not happy with this arrangement.
4) Irrespective of you opinion on Corbyn, Labour at least fundamentally gets the problem here, and has proposed a solution to it. If we carry on with Openreach in BT ownership and being chronically underfunded, the UK will continue to lag behind the rest of the developed world in terms of connectivity. Everyone in the industry knows this which is why some are already openly stating that while privatisation may not resolve all of our problems it as at least an attempt to create a debate around how we solve it.
5) The only thing the Tories have done for the industry is introduce a new Electronic Communications Code. This was meant to make it easier and cheaper for the networks to locate sites and to build them. However it was such a dreadfully drafted piece of legislation it has had the exact opposite effect and caused complete stagnation across the industry as the courts are now having to interpret what the legislation actually means. The early cases that have had a determination have almost exclusively gone against the networks. When they should have been rolling out a 5G network, the operators have spent 18 months in court firefighting. Another defeat in court last week is more than likely the cause of the share price drop, something people on here seem completely oblivious to.
Anyone who thinks the Tories have been good for the industry would do well to look at their share price of the Telecoms companies over the last 4 years. They have actually been a nightmare for VF and the other networks, they don't understand the industry, and have made little or no effort to understand it.
Here we go again - another sudden change in the wrong direction
Strange after a 50% rise in vod Idea, we are still falling?
The post I was thinking of wasn't from bulent, but it was way over the top putting down Indians, & other matters. Perhaps the poster deleted it himself?
Thats the problem with this share - it never does what you expect it to. Its dropped over 10% from the highs Tuesday , and still dropping . It will be back in £1.40’s when ex div :(
India is the problem. But with 2 consecutive days of 25% rises and ex divi this week it should rebound soon. Shouldnt it!!!
Dan, I filtered Bulent, why admin don’t ban people like him for life is beyond me. Have a good week
Yet another one of my posts deleted because it was on the thread of an abusive post. Part of my post was actually saying some of the anti Indian comments on here were over the top. Best not to post on abusive threads I think!
I genuinely wasn’t being negative about VoD... I think I have sound advice to sell when it when to the 169p area but was met with unbelievable abuse.. I have been looking at VOD and now feel it has hit the bottom and should start to see steady rises this week.... GL all and I wish you all profits and gains..
Nice to see some positive thinking from you for once. I was once like you but once you study every recovery after a crash.......dot.com / housing bubble......it is way better to be long than short or scared. I know individual stocks can be tricky but if the U.K market rallies after Dec 12, it would be hard for VOD not to participate.
Buy, buy, buy......Europe has rallied 25% including divi this year, U.K is just up 10% including 4.5% divi (FTSE 100). 20% - 30% rally from Dec 13 2019 to Dec 2020 (buy FTSE 100 ETFs to diversify)
Vodaidea up 21.92% today
Ive said it before its amazing how this can change in a millisecond - It started rising back upto almost 1.54 and then wallop - within minutes it is back down to 1.52's - so frustrating
I believed that this has now bottomed and next target will be 160p -170p this week.... GL
I am astounded at the effect that last week’s announcement/election promises from Corbyn and his extreme left Party have had on telecom share prices in general, including Vodafone whose recent share price drop is compounded by a variety of factors.
In hindsight, I should have stayed away until the post-election scenario added clarity to the market. Instead, I intend to hold pending a recovery, and will hold until the share price reaches my 175-180p target. This may now take some time.
I am surprised at the bitterness expressed by a single contributor on this board. It is always good to receive a full basket of judgements, but backed by facts and not “I told you so” opinions as have been posted here recently.
Who's idea was it to plough almost £40Billions of VOD in to murdering fascist regime in India? And will they be held to account? and is Colao last CEO going to give back the bonuses?
going after a company like this and using corrupt courts to collapse it to take away it's investments, Vodafone should take Indian regime to ICSID for the money it invested to be paid back with interest.
Just disgusted to see how they did this to collapse a highly profitable company.
Looking to add more before Dec 12 if MMs push this below 150p. 10% - 20% rally possible if Cons win in style - 330 seats! Fundamentals can take the back seat till next update.
Garbage ??? I was the one advising people to sel in the rise and you idiots talked about 200p... December 2020 maybe mate... you are true fools that don’t have a clue
If anyone really believes Corbyn has a "cat in hells" chance of stepping foot in No 10 then they are truly delusional .....I went to see Ben Elton at Birmingham Hippodrome on Thursday, bearing in mind Mr Elton has been a Labour Party member since he was very young....even he was very critical of Commy Corbyn however he did say he votes for the party and not the leader (whatever that means)....I see a huge Cons Majority and hope we can move on and start getting things done in Parliament .....PS privatising telecoms companies will not be one of them......