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Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

London Stock Exchange
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Share Price: 68.44
Bid: 68.40
Ask: 68.44
Change: 0.62 (0.91%)
Spread: 0.04 (0.058%)
Open: 67.96
High: 68.74
Low: 67.82
Prev. Close: 67.82
VOD Live PriceLast checked at -

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Barclays sees take-out upside for Vodafone

Wed, 26th Feb 2014 12:32

Barclays sees several challenges ahead for Vodafone post-Verizon Wireless, not least increasingly tough European mobile trends for the group and how it can make best use of its underleveraged balance sheet. More intriguingly, there is the ongoing press speculation that a bid by AT&T is looming for the UK mobile giant.After considering the potential impact on Vodafone of these challenges, Barclays analyst Maurice Patrick and his team see the balance of risk for the stock skewed to the upside, especially with regards to the AT&T scenario given historical M&A precedents. Patrick notes that Vodafone's European mobile service revenues fell a hefty 7.8% in the third quarter and that the group is underperforming its peers on this front. He anticipates an improvement in underlying trends in 2015, due partly to easier comparatives, but cautions that "fundamentals here remain tough due to challenging macro conditions and competition". Project Spring, Vodafone's ambitious multi-billion pound network investment initiative - much of it aimed at Europe - could help the group not only offer a differentiated product, especially versus smaller rivals, but also enable it to make better use of its under-leveraged balance sheet, according to Patrick. But a bid from AT&T would clearly offer more immediate upside. Barclays currently rates Vodafone at 'overweight' with a price target of 260p. This, however, provides only limited upside on any AT&T bid materialising. A fuller valuation analysis by Patrick applies historical European M&A multiples of 7.2 x EV/EBITDA to Vodafone and suggests a take-out price of around 300p for the group. Midday Vodafone shares were ahead 0.3p to 246.5p - a 22% discount to Barclays 300p take-out estimate. KP
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18 Dec 2023 10:43

UPDATE: Vodafone confirms eyeing merger or disposal of Italy business

(Alliance News) - Vodafone Group PLC on Monday confirmed it is "exploring options with several parties" to combine or sell its telecommunications operations in Italy.

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18 Dec 2023 09:17

PRESS: France's Iliad prepares offer to combine with Vodafone in Italy

(Alliance News) - France's Iliad SA wants to finalise by the end of January a proposal to Vodafone Group PLC to combine their telecommunications operations in Italy, Reuters reported late Friday.

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Vodafone surges as Iliad proposes merging Italian businesses

(Sharecast News) - Vodafone confirmed on Monday that it is in talks with several parties about the potential merger or disposal of its Italian unit, after France's Iliad said it had submitted a proposal to merge their two Italian businesses.

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18 Dec 2023 08:05

Iliad invites Vodafone to merge their Italian operations

PARIS, Dec 18 (Reuters) - Iliad said on Monday it had submitted a proposal to Vodafone to merge their Italian businesses, adding this project had the unanimous support of its board of directors.

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18 Dec 2023 07:59

Iliad invites Vodafone to merge their Italian operations

PARIS, Dec 18 (Reuters) - Iliad said on Monday it had submitted a proposal to Vodafone to merge their Italian businesses, adding this project had the unanimous support of its board of directors.

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15 Dec 2023 18:59

Iliad wants to finalise JV proposal for Vodafone Italy by end-January -sources

LONDON/MILAN, Dec 15 (Reuters) - French telecoms group Iliad wants to finalise a proposal to Vodafone Italy to combine their Italian operations in a joint venture by the end of January, two sources briefed on the matter said.

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14 Dec 2023 10:44

Sumitomo partners with Vodafone and Deloitte to speed up global trade

(Alliance News) - Sumitomo Mitsui Financial Group Inc and Vodafone Group PLC will team up with Deloitte and Nexxiot to support global autonomous freight handling, the firms announced on Thursday.

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12 Dec 2023 18:06

UK may ban some mid-contract mobile and broadband price hikes

LONDON, Dec 12 (Reuters) - Britain's telecoms regulator proposed banning inflation-linked price rises in the middle of customers' broadband and mobile contracts, saying the practice was unfair on consumers and hampering competition.

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LONDON MARKET CLOSE: Europe rally loses steam as focus turns to Fed

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12 Dec 2023 12:07

London midday: FTSE still firmer ahead of US inflation print

(Sharecast News) - London's markets remained relatively stable by midday on Tuesday, with the top-flight index still in the green after fresh jobs data showed a slowdown in wage growth.

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12 Dec 2023 10:59

BT shares fall as regulator eyes ban on inflation-linked price hikes

Dec 12 (Reuters) - BT Group shares fell more than 4% on Tuesday after Britain's telecom regulator proposed a ban on inflation-linked price rises in the middle of customers’ mobile and broadband contracts.

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