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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: 67.82
Bid: 67.94
Ask: 67.98
Change: 0.34 (0.50%)
Spread: 0.04 (0.059%)
Open: 67.48
High: 68.52
Low: 67.22
Prev. Close: 67.48
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T-Mobile USA to soon sell iPhones, cut subsidies-CEO

Wed, 09th Jan 2013 05:37

* Eyes market share increase * iPhone sales, subsidy elimination in 3-4 months * Says could explore Dish relationship, Leap deal By Sinead Carew LAS VEGAS, Jan 8 (Reuters) - Deutsche Telekom AG unit T-Mobile USA will start selling the Apple Inc iPhone in about three to four months and will enforce its planto get rid of cellphone subsidies in a similar timeframe,according to Chief Executive John Legere. Legere declined to disclose details about the company'sagreement with Apple, except to say that T-Mobile USA's timingfor selling the smartphone would be sooner rather than later,along with its subsidy elimination plan. "They're all, I would call them, in three to four months asopposed to six to nine months, Legere told Reuters in aninterview at the Consumer Electronics Show in Las Vegas. T-Mobile USA said late last year it would eliminate handsetsubsidies in 2013 to give customers more flexibility and lowerservice prices. It said at the same time that it will also sellthe iPhone, making it the last U.S. mobile provider to do so. The company hopes to attract customers from bigger rivalslike AT&T Inc and Verizon Wireless with thecombination of selling iPhones and removing subsidies, whichwould be a first for the U.S. wireless industry. The executive said he could possibly increase T-Mobile USA'smarket share by 5 percent or higher from bigger rivals who stilldepend on subsidizing phones to give their customers a devicediscount in exchange for tying them into a two-year contract. "If the old industry structure chooses to ignore what wedo," he said, "That's a potential." While the company is currently focused on gaining regulatory approval and closing its merger with MetroPCS Communications in the second quarter this year, Legere said that hemight not stop there. For example, the executive said he could explore arelationship with satellite provider Dish Network Corp or a combination with smaller rival Leap Wireless InternationalInc. T-Mobile USA is currently seeking approval to merge withsmaller wireless rival MetroPCS and analysts have long said thatMetroPCS and Leap networks would go well together. Leap is "one of those things that makes extreme sense for usto look at" Legere said. Meanwhile Dish, which recently gained approval to useairwaves it bought for a wireless service, has said that it islooking at options including a network sharing partnership withanother U.S. wireless carrier. {ID:nL1E9C805E] Analysts have said that they see Sprint Nextel Corp orT-Mobile USA as the most likely partners for Dish. Legere said that he has not had talks with Dish, but whenasked if he would consider a partnership with the satellitecompany he said: "The answer is obviously yes." "They'd be interesting for us to talk to and we'd befascinating for them," he added. While Dish announced today that it will battle Sprint to buyanother smaller wireless company, Clearwire Corp, someanalysts have said that it is unlikely to succeed in that bid socould still need a wireless network partner.
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Today 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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Today 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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