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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: 69.46
Bid: 69.44
Ask: 69.46
Change: 1.38 (2.03%)
Spread: 0.02 (0.029%)
Open: 68.48
High: 69.78
Low: 68.48
Prev. Close: 68.08
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UPDATE 1-Czech telecoms watchdog chief quits in row over 5G auction

Mon, 27th Jan 2020 11:33

(Adds Novak, minister's comments, background)

PRAGUE, Jan 27 (Reuters) - The head of the Czech telecoms
watchdog has resigned over government changes to a planned
auction of frequencies for 5G telecoms networks, saying they
risked slowing the rollout of the technology and were likely to
result in court disputes.

The Czech Telecommunication Office (CTU) is planning an
auction of frequencies in the 700 MHz and 3.5 GHz bands this
year to boost competition in a market where high prices have
long been a gripe of customers and politicians.

However, CTU chief Jaromir Novak said the government had
made some last-minute changes to the conditions of the auction
that he feared could put off bidders and delay 5G technology.

"I cannot sign under auction conditions that in my deep
conviction will not improve the competitive environment in the
Czech market, they will jeopardize the target of rapidly
introducing 5G networks and they will likely lead to a number of
court disputes," Novak said in a resignation letter which he
posted on his Twitter account.

In particular, Novak said the government had shifted to put
too much emphasis on national roaming - which would allow
customers to switch among operators as if they were travelling
abroad - in the 3.5 GHz band, which he said could not be used
across the whole country.

Novak also told Reuters in an emailed reply to questions
that he had not been consulted properly about the changes.

Industry Minister Karel Havlicek said the adjustments were
proposed due to low interest from bidders.

"The interest among foreign bidders is zero, among the Czech
bidders it is quite minimal, based on that, we started to
discuss new conditions today," Havlicek said in a televised
briefing after a government meeting.

He added the government had fired Novak and appointed CTU
board member Hana Tovarkova to replace him. The CTU did not
immediately respond to a request for comment.

The Czech telecoms market is currently dominated by three
companies: O2 Czech Republic, T-Mobile and
Vodafone.

The auction was planned to start this month but the
government pushed the date back to later this year as the
conditions were being finalised.
(Reporting by Jan Lopatka and Robert Muller; Editing by Mark
Potter)

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(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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(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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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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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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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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