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Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

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Share Price: 74.18
Bid: 74.36
Ask: 74.40
Change: -1.14 (-1.51%)
Spread: 0.04 (0.054%)
Open: 75.18
High: 75.84
Low: 74.18
Prev. Close: 75.32
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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)

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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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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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15 Mar 2024 06:45

Vodafone unveils €4bn capital return after selling Italian unit

(Sharecast News) - Vodafone and Swisscom have confirmed that the Swiss telecom group will take over Vodafone Italy for €8bn, enabling the UK company to return €4bn to shareholders.

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29 Feb 2024 16:05

London close: Stocks finish positive as US inflation moderates

(Sharecast News) - London's stock markets finished with moderate gains on Thursday, buoyed by a combination of factors including a slowdown in US inflation, robust UK earnings reports, and encouraging mortgage approvals figures.

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29 Feb 2024 13:11

Vodafone rallies on 'RARE' Betaville report

(Sharecast News) - Vodafone rallied on Thursday amid takeover speculation.

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28 Feb 2024 15:01

London close: Stocks slip as US GDP growth decelerates

(Sharecast News) - London's equity markets experienced a downturn by the close on Wednesday, largely influenced by underperforming stocks such as St James's Place and Reckitt Benckiser, following disappointing financial results.

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28 Feb 2024 08:59

TOP NEWS: Vodafone in talks to sell Italian arm in EUR8 billion deal

(Alliance News) - Vodafone Group PLC on Wednesday confirmed that it is in exclusive discussions with Swisscom AG regarding a potential sale of Vodafone Italy to Swisscom for cash.

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28 Feb 2024 07:10

Vodafone to sell Italian operations to Swisscom for €8bn

(Sharecast News) - Vodafone has confirmed media speculation that it intends to sell its Italian operations to Swiss telecoms group Swisscom for an enterprise value of €8bn.

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16 Feb 2024 08:52

Vodafone inks deal with RWE for offshore wind energy in Germany

(Alliance News) - Offshore wind turbines in the North Sea will power around 12,000 Vodafone Group PLC cellular network towers across Germany under a new deal that the mobile provider struck with German energy firm RWE AG.

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15 Feb 2024 10:47

Swisscom sole bidder for Vodafone's Italian assets - report

(Sharecast News) - Swisscom has become the sole party still in discussions with Vodafone Group about its Italian assets, it was reported on Thursday.

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