The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 73.50
Bid: 73.58
Ask: 73.62
Change: -0.68 (-0.92%)
Spread: 0.04 (0.054%)
Open: 73.88
High: 74.42
Low: 73.50
Prev. Close: 74.18
VOD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

German watchdog presses for Bundesliga broadcasting rights to be split

Tue, 02nd Feb 2016 17:15

* Competition watchdog insists on "no single buyer" rule

* Rule set to spice up rights auction this summer

* Potential bidders await further details

By Alexander Hübner and Harro Ten Wolde

FRANKFURT, Feb 2 (Reuters) - Germany's top soccer league will not be allowed to sell exclusive rights for live television broadcasts after the country's competition watchdog insisted on a "no single buyer" rule for the imminent Bundesliga rights auction, three sources with knowledge of the matter told Reuters.

While German soccer fans may have to subscribe to more than one pay-TV service to watch all live broadcasts in future, the rule may yet drive up prices in an auction the Bundesliga' owner, the German Football League (DFL), hopes to conclude early this summer.

DFL voiced its opposition to the rule precluding any buyer from securing all the TV rights, one of the sources said, but the cartel office stood firm in an effort to foster competition.

Such a rule could undermine the strategy of Sky Deutschland, which holds all the Bundesliga live broadcast rights to the end of the 2016/17 season, having paid 2.5 billion euros ($2.73 billion) in 2012 to trump a bid by Deutsche Telekom.

Parent company Sky has encountered the same scenario in Britain, where it now shares English Premier League rights with telecoms group BT after one of the most high-profile broadcast auctions of recent times forced the rivals to shell out a combined 5.14 billion pounds ($7.4 billion), smashing analysts' expectations.

Coverage of leading clubs such as Bayern Munich, Borussia Dortmund and Schalke 04 has helped Sky Deutschland to record a 9 percent rise in subscriber numbers to 4.5 million.

Sky, which is 39 percent owned by Rupert Murdoch's 21st Century Fox, declined to comment on Tuesday, but it has previously said that it would like to continue to broadcast the Bundesliga..

NEW ENTRANTS?

The antitrust authority's involvement may not have the desired effect, however.

"Any new entrant would have to start from scratch. That will make it difficult to attack Sky's business model," one of the sources said.

However, there are number of potential buyers that could enter the fray.

Bertelsmann's RTL Group said it was interested in the Bundesliga rights in principle but declined to comment further.

RTL secured the live broadcast rights for the German national soccer team's qualifying matches for the 2016 European Championship and the 2018 World Cup.

Eurosport, owned by U.S. media company Discovery, has the rights for Bundesliga games in 23 European markets outside Germany. A spokeswoman said that the company looks at all rights case by case but declined to elaborate.

German sports marketing media group Constantin Medien is looking to participate in the auction, a source close to the company said, while ProSiebenSat.1 has said it would look at the available packages.

Deutsche Telekom will wait for more details on how the auction will be structured before deciding whether to join the contest, a person close the telecoms operator said. The company declined to comment.

Vodafone, which owns cable provider Kabel Deutschland, also declined to comment. ($1 = 0.9152 euros) ($1 = 0.6950 pounds)

(Additional reporting by Matthias Inverardi, Klaus Lauer, Joern Poltz and Peter Maushagen; Editing by David Goodman)

More News
16 May 2024 11:26

Deutsche Telekom's strong Europe growth helps core earnings rise

May 16 (Reuters) - Deutsche Telekom reported first-quarter adjusted core earnings of 10.5 billion euros ($11.43 billion) on Thursday, with Europe a stand-out as the German telecoms operator highlighted growth across all of its segments.

Read more
16 May 2024 09:57

LONDON BROKER RATINGS: Barclays raises Travis Perkins to 'overweight'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday:

Read more
15 May 2024 10:09

TOP NEWS: Vodafone commences EUR500 million share buyback programme

(Alliance News) - Vodafone Group PLC on Wednesday said it began a share buyback programme of up to EUR500 million, a day after saying it would begin a wider EUR2.0 billion scheme following Spanish authorities giving the green light to the planned sale of its Spanish business.

Read more
15 May 2024 09:22

LONDON BROKER RATINGS: JPMorgan puts B&M on 'negative catalyst watch'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more
15 May 2024 07:44

LONDON BRIEFING: Stocks set to see gains ahead of US inflation data

(Alliance News) - Stocks in London are called higher, as investors shrug off nerves ahead of a key US inflation reading.

Read more
14 May 2024 17:38

Vodafone reports 2% rise in annual profit after stronger final quarter

Core earnings rise 2.2%, meeting market forecasts

*

Read more
14 May 2024 17:20

London stocks edge higher after mixed jobs report

FTSE 100 up 0.2%; FTSE 250 adds 0.3%

*

Read more
14 May 2024 16:55

LONDON MARKET CLOSE: FTSE 100 up despite Powell's US inflation caution

(Alliance News) - London's FTSE 100 edged higher on Tuesday, shaking off a warning from Federal Reserve Chair Jerome Powell on inflation, as well as tensions between the US and China.

Read more
14 May 2024 16:40

London close: Stocks manage gains as unemployment rises

(Sharecast News) - London stocks closed higher on Tuesday, as investors analysed the latest UK jobs data and remarks from Bank of England chief economist Huw Pill.

Read more
14 May 2024 16:21

TOP NEWS: Vodafone to start share buyback after Spanish deal cleared

(Alliance News) - Vodafone Group PLC on Tuesday said it plans to kick off its EUR2.0 billion share buyback programme after Spanish authorities gave the green light to the planned sale of its Spanish business.

Read more
14 May 2024 12:07

LONDON MARKET MIDDAY: Stocks flat; BoE's Pill says summer cut possible

(Alliance News) - Stocks in London made muted progress on Tuesday, ahead of key US data, as a leading Bank of England economist suggested talk of a summer rate cut was not "unreasonable."

Read more
14 May 2024 10:47

TOP NEWS: Vodafone says more "to be done" after annual earnings beat

(Alliance News) - Vodafone PLC on Tuesday reported a return to growth in Germany, as it delivered full-year results slightly ahead of its expectations.

Read more
14 May 2024 09:52

LONDON MARKET OPEN: Stocks steady after soft jobs data; Vodafone stars

(Alliance News) - Stocks in London on Tuesday edged higher in early trading as soft jobs data boosted hopes of an interest rate cut in June.

Read more
14 May 2024 07:46

LONDON BRIEFING: UK wage growth above forecasts; Greggs sales rise

(Alliance News) - London's FTSE 100 index is called marginally lower on Tuesday, as the market awaits the release of key US economic data.

Read more
14 May 2024 07:03

Vodafone FY Vodafone cash flow better than expected

(Sharecast News) - Troubled telecoms giant Vodafone posted slightly better annual results than forecast, driven by a strong final quarter, as it continued to offload businesses and move towards its tie-up with rival operator Three.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.