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Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

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Share Price: 68.44
Bid: 68.40
Ask: 68.44
Change: 0.00 (0.00%)
Spread: 0.04 (0.058%)
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T-Mobile US to allow phone upgrades every six months

Wed, 10th Jul 2013 21:36

By Sinead Carew

NEW YORK, July 10 (Reuters) - T-Mobile US Inc saidon Wednesday that customers would be allowed to upgrade phonesevery six months and it unveiled a family plan for prepaidcustomers as it moves to lure customers away from its threebigger rivals.

Verizon Wireless , AT&T Inc and SprintNextel Corp offer phone discounts in exchange for tyingcustomers to two year contracts and typically do not allow phoneupgrades during that period.

T-Mobile, which is under pressure to stem years of customerlosses, is betting people will switch to its service becausethey want to change phones more often than its rivals allow.

"You can upgrade when you want, not when you're told,"T-Mobile Chief Executive John Legere, who was appointed inSeptember 2012, said in a dig at his bigger rivals at a New Yorkevent where he announced the move.

The No. 4 U.S. mobile provider also hopes to attract morecustomers who pay for calls in advance by offering a prepaidfamily plan that does not require a credit check.

It said its $100 monthly fee for a family of four is about$100 less than AT&T's service, saying about a third of U.S.families would not pass the credit checks required for typicalwireless family plans.

AT&T and Verizon attribute much of their success inretaining customers to family plans because it is harder for anentire family to change service than an individual.

Customers who want frequent phone upgrades must sign on to aservice called Jump that requires them to pay a $10 monthlyinsurance fee on top of monthly service fees and a one-off downpayment that partially covers the cost of the phone. They arealso charged a monthly fee of up to $20 per month to pay for theremainder of the phone.

When T-Mobile customers want an upgrade, they can bring aphone to a store and swap it for a new device. They pay anotherdown-payment and resume monthly payments for that device. Themoves follows T-Mobile's elimination in March of long-termcontracts and handset subsidies.

The event on Wednesday was T-Mobiles' first media functionsince it merged with MetroPCS in April.

It also announced that customer defection rates are lowerthan ever because of new marketing efforts and the introductionin April of the Apple Inc iPhone, which accounted for29 percent of its smartphone sales in the second quarter.

T-Mobile shares closed 1.3 percent higher at $24.42 on theNew York Stock Exchange.

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2 May 2024 07:03

Swisscom posts steady Q1 profit, says Vodafone Italia deal on track

May 2 (Reuters) - Telecoms group Swisscom reported a slightly lower first-quarter core profit on Thursday, but beat market expectations, as business in its core Swiss and Italian markets continued to develop positively.

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2 May 2024 06:35

Swisscom plans completion of Vodafone Italia takeover in Q1 2025

May 2 (Reuters) - Swiss telecoms group Swisscom said on Thursday its takeover of Vodafone Italia is on track and expected to be completed in the first quarter of 2025.

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16 Apr 2024 08:41

Vodafone appoints SAP's Marika Auramo as CEO of Business arm

(Alliance News) - Vodafone Group PLC on Tuesday said Marika Auramo has been appointed as chief executive of Vodafone Business.

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16 Apr 2024 07:46

Vodafone taps SAP executive to lead business division

(Sharecast News) - Vodafone announced the appointment of Marika Auramo as chief executive of Vodafone Business on Tuesday, effective from 1 July.

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4 Apr 2024 15:58

London close: Stocks manage gains ahead of US payrolls report

(Sharecast News) - London markets closed higher on Thursday, driven by a robust showing from the mining sector and as investors contemplated the UK services sector's latest figures.

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4 Apr 2024 08:47

LONDON MARKET OPEN: Shares rise despite US interest rate unease

(Alliance News) - London's FTSE 100 edged higher on Thursday morning, despite lingering US interest rate worries hanging over equities, while gold notched another record high in earlier trade.

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4 Apr 2024 07:43

LONDON BRIEFING: Vodafone-Three deal faces deeper UK probe

(Alliance News) - London's FTSE 100 is called to open higher on Thursday, despite remarks from Federal Reserve Chair Jerome Powell failing to soothe lingering interest rate worries.

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4 Apr 2024 07:37

CMA to launch in-depth probe into Vodafone's merger with Three

(Sharecast News) - The Competition and Markets Authority said on Thursday that it will launch an in-depth investigation into the planned £15bn merger between Vodafone and CK Hutchison's Three that was announced last year.

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28 Mar 2024 15:05

Directors dealings: Vodafone chairman follows in CFO's steps, buys shares

(Sharecast News) - Vodafone's chairman bought a big batch of shares in the telecommunications outfit just ahead of the Easter break.

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28 Mar 2024 13:54

IN BRIEF: Vodafone Chair Boxmeer buys GBP570,000 in shares

Vodafone Group PLC - Berkshire, England-based telecommunications provider - Chair Jean-Francois van Boxmeer buys 823,500 shares at GBP0.69 each, worth GBP568,215, in London on Wednesday.

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27 Mar 2024 09:40

LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

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

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26 Mar 2024 11:21

Vodafone Germany to cut 2,000 jobs in revamp

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

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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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