The next focusIR Investor Webinar takes places on 14th May with guest speakers from 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: 68.60
Bid: 68.60
Ask: 68.64
Change: 0.16 (0.23%)
Spread: 0.04 (0.058%)
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
21 Dec 2023 16:53

LONDON MARKET CLOSE: Investors feel frosty ahead of US inflation

(Alliance News) - The festive cheer failed to lift stock prices in London on Thursday, as investors nervously look ahead to a key inflation reading from the US on Friday.

Read more
21 Dec 2023 16:03

London close: Stocks finish weaker amid uninspiring data

(Sharecast News) - London's stock markets ended the day in negative territory on Thursday, despite a rebound on Wall Street in early trading, as investors digested lacklustre government borrowing and retail sales data.

Read more
21 Dec 2023 11:54

LONDON MARKET MIDDAY: Stocks frosty ahead of US economic data

(Alliance News) - Investors were not in the festive spirit on Thursday, with stocks in London down, as the last load of US economic data edges closer.

Read more
21 Dec 2023 08:59

LONDON MARKET OPEN: Santa rally fades after weak New York close

(Alliance News) - Stock prices in London lost sparkle early Thursday, after a broad-based sell-off on Wall Street.

Read more
21 Dec 2023 08:57

Swisscom weighing offer for Vodafone's Italian business

(Sharecast News) - Swiss telecommunications firm Swisscom has been mulling over an offer for Vodafone's Italian operations early next year, according to Bloomberg, potentially countering a rival bid from Iliad SA.

Read more
21 Dec 2023 07:47

LONDON BRIEFING: Hipgnosis Songs Fund delayed results show value fall

(Alliance News) - Stocks in London are expected to open lower on Thursday, in line with equity markets in Asia and New York.

Read more
21 Dec 2023 06:58

LONDON MARKET EARLY CALL: London to follow NY and Tokyo into red

(Alliance News) - Stocks in London are set to open lower on Thursday, returning some of Wednesday's gains that followed a surprisingly tame UK inflation reading.

Read more
20 Dec 2023 19:56

PRESS: Swisscom weighs up offer for Vodafone's Italian business

(Alliance News) - Swisscom AG is weighing an offer for Vodafone Group PLC's Italian business early next year, potentially countering a rival bid from Iliad SA for the unit, Bloomberg reported, citing people familiar with the matter said.

Read more
20 Dec 2023 08:48

LONDON MARKET OPEN: Stocks feeling festive on UK, US rate cut hopes

(Alliance News) - Stock in London enjoyed a broad-based rally at Wednesday's open, as a surprise UK inflation print boosted risk sentiment, with investors pinning their hopes on UK and US interest rate cuts next year.

Read more
19 Dec 2023 06:00

Safaricom's Ethiopia struggle deters potential telecoms investors

Telecoms sector once seen as key prize in liberalisation drive

*

Read more
18 Dec 2023 17:36

European shares ease as ECB officials temper rate cut optimism

Germany to end e-vehicle subsidy programme

*

Read more
18 Dec 2023 17:21

Energy stocks lift UK's FTSE 100, Vodafone shines

Vodafone jumps as Iliad offers to merge Italian units

*

Read more
18 Dec 2023 16:35

Vodafone shares climb as Iliad proposes Italian merger

Vodafone is reviewing options for its Italian unit

*

Read more
18 Dec 2023 15:35

London close: Stocks make small gains in wake of rate decisions

(Sharecast News) - London stocks closed with minimal changes on Monday, following a week marked by significant central bank decisions.

Read more
18 Dec 2023 11:50

LONDON MARKET MIDDAY: Stocks edge higher amid festive cheer

(Alliance News) - Stock prices in London were outperforming its European peers at midday Monday, after investors digested some hawkish comments from US Federal Reserve officials.

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.