The next focusIR Investor Webinar takes place tomorrow with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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: 69.98
Bid: 70.06
Ask: 70.08
Change: 0.58 (0.84%)
Spread: 0.02 (0.029%)
Open: 69.54
High: 71.18
Low: 69.54
Prev. Close: 69.40
VOD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Telecom Italia may revive Metroweb talks after Vodafone move-sources

Wed, 25th Mar 2015 17:41

* Telecom Italia may give nod to restarting talks onThursday

* Battle for Metroweb key to Italy's digital plans

* Vodafone also eyeing stake in Metroweb

MILAN, March 25 (Reuters) - Telecom Italia mayrevive talks to take over fixed-line broadband provider Metrowebthis week after rival Vodafone made a fresh attempt tobuy a stake in the group, two sources close to the matter said.

Metroweb is a small firm which rents out fibre optic cablesbut Prime Minister Matteo Renzi considers the partly state-ownedcompany as a building block for a 12 billion euro ($13 billion)plan to roll out high-speed networks in Italy.

Buying a stake in Metroweb, which owns the biggestfibre-optic network in Italy's business capital Milan, couldultimately determine who calls the shots in themulti-billion-euro plan.

Telecom Italia board directors will meet on Thursday inVenice to review the situation after talks to buy a stake inMetroweb collapsed earlier this year due to disagreements overthe ownership structure of the deal.

"There could be an opportunity (to resume talks)," one ofthe sources said, asking not to me named because no formaldecision had yet been taken.

The battle for Metroweb comes as the Italian governmentpushes to modernise its increasingly decrepit broadband systemand speed up the roll-out of ultrafast networks to help itsailing economy.

Both Telecom Italia and Vodafone, which competes with theformer phone monopoly for the top rank in the mobile market,have set their sights on Metroweb as they seek to meet growingconsumer demand for bandwidth-consuming services.

Telecom Italia is interested in securing a 51 percent stakebut Chairman Giuseppe Recchi said in February the board hadconcluded conditions were not yet right for an agreement.

Vodafone last week signed a non-disclosure agreement overMetroweb, formally opening negotiations to buy a stake andputting pressure on Telecom Italia to reconsider its stance.

Telecom Italia declined to comment.

The British company previously said there could be risks tocompetition if other operators are not allowed to take a stakein Metroweb and have a say over its strategic decisions. (Reporting by Danilo Masoni and Stefano Rebaudo; Editing byDavid Holmes)

More News
31 Aug 2023 21:37

Vodafone and Samsung begin mass rollout of open RAN in UK

(Alliance News) - Samsung Electronics Co on Thursday said that it and Vodafone Group PLC are replacing technology in the UK with virtualised open radio access networks, alias RAN, on Vodafone's 2,500 sites.

Read more
23 Aug 2023 17:43

Zelenskiy vows to end Russian occupation of Crimea, defends strategy

Zelenskiy hosts conference in Kyiv on Crimea

*

Read more
16 Aug 2023 13:24

Safaricom launches M-Pesa mobile money service in Ethiopia

ADDIS ABABA, Aug 16 (Reuters) - Safaricom's M-Pesa mobile money service went live in Ethiopia on Wednesday, in a boost to the Kenyan telecoms operator as it seeks to kickstart growth in one of Africa's biggest economies.

Read more
16 Aug 2023 09:29

LONDON BROKER RATINGS: RBC cuts Antofagasta; Shore likes Trainline

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

Read more
15 Aug 2023 17:00

South Africa's MTN looks to unlock hidden value with stake sales

JOHANNESBURG, Aug 15 (Reuters) - The CEO of South Africa's MTN Group said on Tuesday he plans to bring in minority partners in fintech and fibre and then list the businesses as separate entities to reach a market capitalisation of more three times its net asset value (NAV).

Read more
7 Aug 2023 09:14

LONDON BROKER RATINGS: JPMorgan lifts Rolls-Royce; RBC cuts Unite

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

Read more
3 Aug 2023 14:41

'Black swan event': Telefonica Deutschland extends losses on lost Vodafone deal

Read more
3 Aug 2023 13:19

IN BRIEF: James Fisher hires new CFO from Johnson Matthey

James Fisher & Sons PLC - Barrow In Furness, Cumbria-based marine services - Hires Karen Hayzen-Smith to be chief financial officer, starting by December 1. At that time, Duncan Kennedy will step down as CFO and from the board but will remain at James Fisher for a short transition. Hayzen-Smith currently is director of group finance at chemicals firm Johnson Matthey PLC. She has been in that role since January 2020 and also served as interim CFO for Johnson Matthey from November of that year to April 2021. Prior to Johnson Matthey, Hayzen-Smith worked at Babcock International Group PLC and Vodafone Group PLC.

Read more
2 Aug 2023 17:04

Surprise US debt downgrade knocks European stocks to two-week lows

STOXX 600 off 1.4%Fitch US downgrade sparks risk-off mood

*

Read more
2 Aug 2023 16:39

UAE's e& offers to increase stake in Vodafone to 20% - e& CEO to CNBC Arabia

DUBAI, Aug 2 (Reuters) - UAE's e& EAND.AD CEO Hatem Dowidar told CNBC Arabia on Wednesday his company was seeking to increase its stake in Vodafone to 20%.

Read more
2 Aug 2023 16:39

United Internet shares surge on Vodafone deal with 1&1

(Sharecast News) - Shares in United Internet surged on Wednesday after its majority-owned German mobile and broadband provider 1&1 agreed agreed a deal for Vodafone to provide 5G coverage to its customers, in a move that would see it replace Telefonica Deutschland.

Read more
2 Aug 2023 16:31

UAE's e& seeking to raise Vodafone stake to 20% - e& CEO to CNBC Arabia

DUBAI, Aug 2 (Reuters) - UAE's e& CEO Hatem Dowidar told CNBC Arabia on Wednesday his company was seeking to increase its stake in Vodafone to 20%.

Read more
2 Aug 2023 15:08

Germany's 1&1 switches to Vodafone for 5G network deal

LONDON, Aug 2 (Reuters) - German mobile and broadband provider 1&1 said it had agreed a deal for Vodafone to provide 5G coverage to its customers, ousting current network partner Telefonica Deutschland by October 2024 at the latest.

Read more
2 Aug 2023 13:13

Vodafone boosted by 1&1 5G network deal in Germany

LONDON, Aug 2 (Reuters) - Vodafone said on Wednesday it had agreed a long-term, exclusive national roaming partnership deal to provide 5G mobile coverage to 1&1's customers in Germany, in a deal which it said would be cashflow accretive from its 2026 financial year.

Read more
2 Aug 2023 12:21

TOP NEWS: Vodafone inks national roaming agreement with 1&1 in Germany

(Alliance News) - Vodafone Group PLC on Wednesday said that Vodafone GmbH and 1&1 Mobilfunk GmbH have agreed a long-term national roaming partnership.

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.