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Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

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Share Price: 67.12
Bid: 67.14
Ask: 67.16
Change: -0.80 (-1.18%)
Spread: 0.02 (0.03%)
Open: 68.02
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Low: 67.02
Prev. Close: 67.92
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EU proposes limits on free roaming for unlimited data packages

Thu, 08th Dec 2016 17:11

* Roaming charges set to end in June 2017

* EU seeking to agree "fair use" policy to prevent abuse

* Customers with unlimited data will face limits abroad

By Julia Fioretti

BRUSSELS, Dec 8 (Reuters) - The European Commission hasproposed putting limits on how much consumers with unlimiteddata packages can surf the web abroad before they have to payextra once roaming fees are abolished.

The European Union has committed to getting rid of roamingcharges within the bloc by June next year but has struggled tofind a way of giving consumers a fair deal without puttingmobile operators under undue financial pressure.

Fearing that packages offering unlimited data could be proneto abuse, and prompt companies to raise prices at home to recoupthe cost of surcharge-free roaming, the Commission said it hadproposed an "exceptional brake on intensive roaming".

"Without a volume safeguard on roaming, these competitivepackages will be threatened on domestic markets. They coulddisappear or become more expensive, or be offered withoutroaming. We do not want that," EU Commission Vice-PresidentAndrus Ansip told a news conference on Thursday.

Member states are expected to vote on the new proposal onMonday.

The EU's decade-long drive to abolish roaming charges, oftenseen by consumers as excessive compared with the additionalcosts of providing the service, has been hampered by bigdiscrepancies in domestic prices which operators say makeentirely free roaming uneconomical.

The quandary has been compounded by the wholesale chargesoperators pay each other to keep their respective customersconnected when abroad.

The EU is now rushing to lower caps on wholesale chargeswhile agreeing a "fair use" roaming policy to prevent abuse, buthas been finding it hard to strike the right balance.

Eager to shore up support for the EU amid a wave of populistanti-EU movements, the Commission abruptly withdrew an earlierproposal to let users roam free for up to 90 days a year afterit was criticised as being unfair to consumers.

Under the new proposal, the amount of free data roaming forconsumers with unlimited or very cheap bundles would becalculated by dividing the price they pay at home by thewholesale cap, and then doubling it.

For example, a Swedish citizen paying 20 euros per month athome for unlimited data, with a wholesale data cap of 10 eurosper gigabyte, would get 4 gigabytes free before charges kick in.

A Commission official said most packages in member statessuch as Germany, Spain, Italy and Portugal would not be affectedby the volume limits, given the domestic bundles were lessgenerous.

"It's very, very unlikely that the consumer will go anywherenear that amount of data consumption," the official said. (Reporting by Julia Fioretti; editing by David Clarke)

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26 Mar 2024 11:15

UPDATE: Vodafone Germany cuts 2,000 jobs as part of savings programme

(Alliance News) - Vodafone GmbH is cutting and relocating around 2,000 jobs in a bid to save EUR400 million in the next two years, the Dusseldorf, Germany-based subsidiary of Vodafone Group PLC announced on Tuesday.

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26 Mar 2024 10:43

Vodafone Germany: 400-mln-eur restructuring to affect 2,000 jobs

BERLIN, March 26 (Reuters) - Vodafone Germany said on Tuesday that it aims to save around 400 million euros ($434.48 million) over the next two years as part of a transformation programme that will affect some 2,000 jobs.

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26 Mar 2024 10:42

Vodafone Germany cutting 2,000 jobs as part of savings programme

(Alliance News) - Vodafone GmbH is cutting and relocating around 2,000 jobs in a bid to save EUR400 million in the next two years, the Germany, Dusseldorf-based subsidiary of Vodafone Group PLC announced Tuesday.

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22 Mar 2024 16:09

London close: Stocks mixed as Bailey hints at rate cuts

(Sharecast News) - London's stock markets closed in a mixed state on Friday as investors weighed optimistic retail sales data against remarks from Bank of England Governor Andrew Bailey.

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22 Mar 2024 11:46

LONDON MARKET MIDDAY: FTSE 100 boosted after week of rate decisions

(Alliance News) - The FTSE 100 in London were higher at midday on Friday, as investor sentiment remained high, after there were no surprises from UK and US central banks this week.

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22 Mar 2024 09:19

TOP NEWS: UK CMA says Vodafone/Three merger raises competition worries

(Alliance News) - The UK Competition & Markets authority on Friday said a planned merger between Vodafone UK and Three UK could raise consumer prices and harm investment into UK mobile networks.

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22 Mar 2024 07:32

CMA warns Vodafone, Three deal will face full probe if solutions not given

(Sharecast News) - Vodafone and Three UK have been told to find ways to assuage Britain's competition regulator that their planned $19bn merger would not leave consumers worse off or face a full investigation.

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18 Mar 2024 16:23

Director dealings: Vodafone CFO makes share purchase

(Sharecast News) - Vodafone Group revealed on Monday that chief financial officer Luka Mucic had acquired 2.46m ordinary shares in the FTSE 100-listed telecommunications giant.

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18 Mar 2024 09:39

IN BRIEF: Vodafone CFO buys 2.5 million shares for GBP1.7 million

Vodafone Group PLC - Berkshire, England-based telecommunications provider - Group Chief Financial Officer Luka Mucic purchased 2.5 million shares on Friday in London at 69.64 pence each for GBP1.7 million in total. Vodafone also on Friday announced the sale of its Italian business to Swisscom AG for EUR8 billion, with EUR4 billion to be returned to shareholders through a buyback. It said, however, that annual dividends from financial 2025 onwards will be rebased to 4.5 euro cents, down from 9.00 cents for financial 2024.

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15 Mar 2024 15:07

London close: Stocks finish mixed after Reckitt compo blow

(Sharecast News) - London's equity markets finished in a mixed state at the end of a quiet trading session on Friday, after another hotter-than-expected US inflation reading overnight.

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15 Mar 2024 12:11

LONDON MARKET MIDDAY: FTSE 100 underperforms despite mining, oil boost

(Alliance News) - London's FTSE 100 overcame a muted morning to head into Friday afternoon on the up, though its progress was shy of the loftier gains seen by mainland European peers, as investors showed some signs of trepidation ahead of a pair of interest rate decisions next week.

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15 Mar 2024 09:25

Vodafone Germany makes surprise chief executive change

(Alliance News) - The head of telecommunications provider Vodafone Germany, Philipp Rogge, has announced plans to leave the company at the end of the month in a surprise move after less than two years at the helm.

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15 Mar 2024 08:43

LONDON MARKET OPEN: FTSE 100 treads water; buyback boosts Vodafone

(Alliance News) - Stock prices in London opened in a muted fashion on Friday, as a hotter-than-expected US producer price reading stifled risk appetite, with focus beginning to move to interest rate decisions from the Federal Reserve and Bank of England next week.

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15 Mar 2024 07:46

LONDON BRIEFING: Vodafone, Scottish Mortgage Investment plan buybacks

(Alliance News) - London's FTSE 100 is called to open fractionally lower on Friday, possibly a tepid end to a decent week, as a robust US producer price reading hurt risk appetite on both sides of the Atlantic.

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15 Mar 2024 06:58

TOP NEWS: Vodafone plans share buyback after Italy sale to Swisscom

(Alliance News) - Vodafone Group PLC on Friday said it has agreed to sell its Italian business to Swisscom AG for EUR8 billion and will return half of the proceeds to shareholders.

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