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Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

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Share Price: 77.18
Bid: 77.30
Ask: 77.34
Change: -0.34 (-0.44%)
Spread: 0.04 (0.052%)
Open: 77.76
High: 78.74
Low: 77.02
Prev. Close: 77.52
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UPDATE 1-Britain bans new Huawei 5G kit installation from September 2021

Mon, 30th Nov 2020 12:37

(Adds details)

LONDON, Nov 30 (Reuters) - British telecommunications firms
must not install new Huawei 5G kit after September 2021, the
government said on Monday, as part of a plan to purge the
Chinese firm's equipment from high-speed mobile networks.

Britain has already ordered all Huawei equipment to be
removed from its 5G network by the end of 2027, falling in line
with intelligence allies including the United States who say the
firm poses security risks.

Telecoms companies had also been banned from buying new
Huawei 5G kit after the end of the year. Some lawmakers had been
concerned that the companies would stockpile equipment to be
deployed up until the 2027 deadline.

Operators, however, said they would already be rolling out
alternative equipment next year, making the 2021 cut-off
"manageable".

China has criticised the move, while Huawei said last week
it was disappointed Britain was looking to exclude it from the
5G roll-out after the publication of new laws that could see
firms fined 100,000 pounds ($133,140) if they break the ban.

Monday's announcement comes ahead of a debate over new
telecoms legislation in parliament, and fleshes out the timeline
for equipment removal.

"I am setting out a clear path for the complete removal of
high-risk vendors from our 5G networks," digital minister Oliver
Dowden said in a statement.

"This will be done through new and unprecedented powers to
identify and ban telecoms equipment which poses a threat to our
national security."

The government also announced a new strategy to diversify
the 5G supply chain, consisting of an initial 250 million pound
investment, trials in collaboration with Japanese firm NEC
, and the establishment of new research facilities.

British mobile operators BT, Vodafone and
Three all launched 5G using Huawei in parts of their
radio access networks.

They have switched to alternative suppliers such as Ericsson
and Nokia.

The government also set a deadline of Jan. 28, 2023 for its
already-announced 35% cap on Huawei's equipment in
fibre-to-the-premises and other gigabit networks.

Britain said its July decision was related to concerns that
U.S. sanctions on chip technology could affect supply lines.
Huawei said at the time the decision was disappointing, and
about U.S. trade policy rather than security.
(Reporting by William James and Paul Sandle;
Editing by Alexander Smith and Jan Harvey)

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

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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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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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London close: Stocks mixed as Bailey hints at rate cuts

(Sharecast News) - London's stock markets closed in a mixed state on Friday as investors weighed optimistic retail sales data against remarks from Bank of England Governor Andrew Bailey.

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LONDON MARKET MIDDAY: FTSE 100 boosted after week of rate decisions

(Alliance News) - The FTSE 100 in London were higher at midday on Friday, as investor sentiment remained high, after there were no surprises from UK and US central banks this week.

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22 Mar 2024 09:19

TOP NEWS: UK CMA says Vodafone/Three merger raises competition worries

(Alliance News) - The UK Competition & Markets authority on Friday said a planned merger between Vodafone UK and Three UK could raise consumer prices and harm investment into UK mobile networks.

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22 Mar 2024 07:32

CMA warns Vodafone, Three deal will face full probe if solutions not given

(Sharecast News) - Vodafone and Three UK have been told to find ways to assuage Britain's competition regulator that their planned $19bn merger would not leave consumers worse off or face a full investigation.

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18 Mar 2024 16:23

Director dealings: Vodafone CFO makes share purchase

(Sharecast News) - Vodafone Group revealed on Monday that chief financial officer Luka Mucic had acquired 2.46m ordinary shares in the FTSE 100-listed telecommunications giant.

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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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