REMINDER: Our user survey closes on Friday, please submit your responses 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: 68.40
Bid: 68.36
Ask: 68.40
Change: -0.04 (-0.06%)
Spread: 0.04 (0.059%)
Open: 68.00
High: 68.98
Low: 67.86
Prev. Close: 68.44
VOD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-Egypt Orange offered 4G licence for $400 million in spectrum shake-up

Sun, 19th Jun 2016 11:30

(Adds background and comment from Vodafone)

CAIRO, June 19 (Reuters) - Orange Egypt said onSunday that Egypt's telecommunications regulator had asked it topay 3.54 billion Egyptian pounds ($399 million) for a licence tooffer fourth-generation mobile phone services.

The regulator had asked it to pay 100 million Egyptianpounds to acquire a fixed-line licence and 1.8 billion pounds tooffer international calls, Orange Egypt said in a statement.

Orange Egypt said it was looking into the licence offers andhad yet to make a decision.

Egypt is selling the 4G licences as part of a long-awaitedplan to reform the country's telecoms sector and the regulatorhas confirmed that it approached the three companies thatcurrently offer mobile services about buying them.

Telecom Minister Yasser al-Qadi told television channel CBClast month that Egypt was planning to offer high-speed 4Glicences to companies already operating in Egypt.

The reforms will allow Egypt's land-line monopoly TelecomEgypt (TE) to enter the mobile phone market directlywhile allowing mobile operators to offer fixed line services,ending its domination of the sector.

TE, which is majority owned by the government, said onSunday it had also been granted a 4G licence. It was not clearhow much TE, which does not offer its own mobile services butdoes own a stake in Vodafone Egypt, would pay for the newspectrum.

"This move will enable TE to fulfil our long awaited goal ofbecoming a total telecommunications operator, by offering mobileservices," TE CEO Tamer Gadalla said in a statement.

It was not clear what would happen to the Vodafone Egyptstake if TE begins offering mobile services directly. Underprevious reform plans, which have since been scrapped, TE wouldhave had to dispose of its stake.

Vodafone Egypt said it received an offer from thetelecoms regulator a week ago, but declined to give any numbers.

Khaled Hegazi, external affairs and legal director atVodafone Egypt, said, however, that not all the mobile serviceproviders had necessarily been offered the same prices or terms.

"Each company has specific conditions that are consideredcompetitive. We receive different offers based on each company'scondition in the market," he told Reuters.

Etisalat, which also provides mobile services inEgypt, was not immediately available to comment. (Reporting by Ehab Farouk, Lin Noueihed and Ola Noureldin;Editing by Alexander Smith)

More News
25 Jan 2024 11:33

Emirates stake in Vodafone poses national security risk, UK says

LONDON, Jan 25 (Reuters) - Emirates Telecommunications' stake in Vodafone is a national security risk in respect of the British company's government contracts, Britain said, adding that Vodafone should take steps to manage the risk. (Reporting by Paul Sandle and Elizabeth Piper, Editing by Kylie MacLellan)

Read more
22 Jan 2024 09:02

Vodafone hails successful European test of enhanced 5G uplink tech

(Alliance News) - Vodafone Group PLC, Qualcomm Inc and Xiaomi Corp on Monday said a first successful 5G test of its kind in Europe will pave the way for faster upload speeds and wider coverage during 2024.

Read more
18 Jan 2024 09:16

LONDON BROKER RATINGS: Exane BNP cuts BAE; Liberum lifts Naked Wines

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

Read more
17 Jan 2024 15:17

Norway's Telenor hopes for consolidation in Europe, CEO says at Davos

DAVOS, Switzerland, Jan 17 (Reuters) - Norway's Telenor hopes to see consolidation in the European telecoms sector although the company itself does not have concrete plans at the moment, its CEO told the Reuters Global Markets Forum in Davos on Wednesday.

Read more
16 Jan 2024 16:17

London close: Stocks finish lower as wage growth eases

(Sharecast News) - London's stock markets finished in the red on Tuesday, as investors assessed the latest UK jobs data.

Read more
16 Jan 2024 10:25

Vodafone signs $1.5 bln Microsoft deal for AI, cloud and IoT

LONDON, Jan 16 (Reuters) - Vodafone has agreed a 10-year partnership with Microsoft to bring generative AI, digital, enterprise and cloud services to more than 300 million businesses and consumers across its European and African markets.

Read more
16 Jan 2024 08:53

TOP NEWS: Vodafone and Microsoft sign 10-year strategic deal

(Alliance News) - Vodafone Group PLC and Microsoft Corp on Tuesday announced a new strategic partnership focused on cloud strategy, digital services and generative artificial intelligence.

Read more
16 Jan 2024 07:19

Vodafone to invest $1.5bn in new Microsoft partnership

(Sharecast News) - Vodafone has signed a 10-year strategic partnership with American software giant Microsoft which will see the UK-listed telecoms group invest $1.5bn over the next decade.

Read more
16 Jan 2024 07:00

Vodafone signs $1.5 bln Microsoft deal for AI, cloud and IoT

LONDON, Jan 16 (Reuters) - Vodafone has agreed a 10-year partnership with Microsoft to bring generative AI, digital, enterprise and cloud services to more than 300 million businesses and consumers across its European and African markets.

Read more
15 Jan 2024 09:11

LONDON BROKER RATINGS: Exane BNP cuts HSBC; Peel Hunt raises Hammerson

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

Read more
12 Jan 2024 09:14

LONDON BROKER RATINGS: Goldman likes Glencore; BofA likes easyJet

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

Read more
11 Jan 2024 08:13

Former ECB head Draghi consults business chiefs on EU competitiveness

Former ECB chief preparing report on EU competitiveness

*

Read more
10 Jan 2024 14:18

Former ECB head Draghi sounds out businesses to boost EU competitiveness

MILAN, Jan 10 (Reuters) - Mario Draghi met business leaders in Milan on Wednesday as the former Italian prime minister and European Central Bank chief prepares a report on how to boost the continent's competitiveness.

Read more
2 Jan 2024 18:36

Egyptians greeted by hefty price rises in new year

CAIRO, Jan 2 (Reuters) - Egyptians entered the new year facing a series of price hikes as the government battles to keep up with rampant inflation.

Read more
21 Dec 2023 17:13

London stocks slip after global rally pauses

FTSE 100, FTSE 250 down 0.3%

*

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.