Speakers from Touchstone Exploration, Shanta Gold, Savannah Resources and Kavango Resources feature in our Natural Resources webinar on May 25th. 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: 141.82
Bid: 141.98
Ask: 142.02
Change: 0.00 (0.00%)
Spread: 0.04 (0.03%)
Open: 142.48
High: 142.50
Low: 140.70
Yest. Close: 142.02
VOD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

Don't have an account? Click here to register.

UPDATE 1-EU approves Vodafone's acquisition of Spain's Ono

Wed, 2nd Jul 2014 17:22

(Adds quotes, background)

BRUSSELS, July 2 (Reuters) - The European Commission said on Wednesday it had approved Vodafone's 7.2 billion euro ($9.79 billion) acquisition of Spain's largest cable operator Ono without conditions.

Reuters, quoting people familiar with the matter, reported last week that Vodafone would gain unconditional EU approval for the deal, which is part of a wave of consolidation in the telecoms industry.

"The Commission ... concluded that the transaction would not significantly impede effective competition in Spain," the European Union's antitrust watchdog said in a statement.

The deal is the British firm's third acquisition of a European fixed-broadband asset in two years.

Telecoms providers say more mergers are necessary to offset falling revenue and to secure the funds to upgrade infrastructure for fast-speed broadband.

Buying Ono will enable Vodafone to compete better with Spanish market leader Telefonica. Vodafone's 25 percent share of the Spanish mobile market is expected to increase by almost two percentage points after the deal.

Both companies provide fixed and mobile telecommunications services in Spain.

But the European Commission said the two companies' activities were largely complementary. Ono's main business is in fixed telecoms, whereas Vodafone is mainly active in mobile telecoms.

The EU said Vodafone and ONO's activities overlapped in a number of markets in the fixed and mobile telecommunications markets in Spain.

"However, the Commission found that the impact of the transaction on these markets is likely to be limited as the combined entity would continue to face significant competition from other market players, such as the incumbent operator Telefónica, and other operators such as Orange and Jazztel," it said.

It said the deal also created a number of vertical and conglomerate relationships in the fixed and mobile telecommunication markets in Spain, particularly in providing bundled multiple play services.

However, the Commission said the merged company would not be able to shut out fixed or mobile operators from the markets for multiple play services, because there were alternative operators and because of rules on wholesale access for mobile and fixed services.

Telefonica on Wednesday won EU antitrust clearance for its 8.6-billion-euro takeover of KPN's German mobile arm, giving it a stronger position in Europe's largest phone market.

(Reporting by Adrian Croft; editing by Justyna Pawlak)

More News

BROKER RATINGS: Liberum downgrades John Laing to hold from buy

BROKER RATINGS: Liberum downgrades John Laing to hold from buy

7 May 21 09:40

Credit Suisse favours National Grid, Diageo, BT, Vodafone

(Sharecast News) - Credit Suisse recommended adding to National Grid, Diageo, BT and Vodafone in a move towards "cyclical" defensive shares.

6 May 21 13:17

Vodafone teams up with Google Cloud on data analytics

May 2 (Reuters) - Mobile operator Vodafone Group Plc and Alphabet Inc's Google Cloud entered a strategic partnership to jointly develop data services, Vodafone said on Sunday.About 1,000 workers in Britain, Spain and the United States will be to ...

2 May 21 16:18

Vodafone, Qualcomm join forces in Open RAN development program

(Sharecast News) - Vodafone and Qualcomm Technologies announced plans to join forces to develop the technical blueprint for more equipment suppliers to help build the 5G networks of the future using Open Radio Access Network (Open RAN) technology.

29 Apr 21 14:25

Vodafone joins forces with Qualcomm on Open-RAN development

LONDON, April 29 (Reuters) - Mobile operator Vodafone and chipmaker Qualcomm said they would join forces to develop a technical blueprint for telecoms equipment suppliers to use Open RAN (radio access network) technology."The move aims to lower t...

29 Apr 21 14:00

UK Ofcom reveals final outcome of 5G spectrum auction

UK Ofcom reveals final outcome of 5G spectrum auction

27 Apr 21 09:38

Friday broker round-up

(Sharecast News) - GB Group: Canaccord reiterates hold with a target price of 900p.

23 Apr 21 13:29

Sony and Vodafone start 5G driving test of Vision-S prototype

Sony and Vodafone start 5G driving test of Vision-S prototype

21 Apr 21 10:15

Vodacom partners with African Union Development Agency in jab roll-out

Vodacom partners with African Union Development Agency in jab roll-out

19 Apr 21 09:27

LIVE MARKETS-EZ summer to be confirmed, but confidence on the rise

* European shares hit new record high* STOXX 600 and FTSE 100 up 0.4%* FOMC minutes send dovish message* Nasdaq leads U.S. futures higherApril 8 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can sha...

8 Apr 21 12:51

LIVE MARKETS-Making up one's mind about ASOS

* European shares hit new record high* STOXX 600 up 0.3%, FTSE 100 up 0.4%* FOMC minutes send dovish message* Nasdaq leads U.S. futures higherApril 8 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You ca...

8 Apr 21 12:33

LIVE MARKETS-Value picks for a rising dollar world

* European shares hit new record high* STOXX 600 up 0.3%, FTSE 100 up 0.4%* FOMC minutes send dovish message* Nasdaq leads U.S. futures higherApril 8 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You ca...

8 Apr 21 12:15

BROKER RATINGS: Citi raises Sage to Buy; Berenberg says hold Deliveroo

BROKER RATINGS: Citi raises Sage to Buy; Berenberg says hold Deliveroo

8 Apr 21 09:34

Vodafone concludes tender offers for US dollar and euro notes

Vodafone concludes tender offers for US dollar and euro notes

29 Mar 21 17:19

IN BRIEF: Vodafone prices ten separate offers to buy back notes

IN BRIEF: Vodafone prices ten separate offers to buy back notes

26 Mar 21 16:51

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.