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: 68.44
Bid: 68.40
Ask: 68.44
Change: 0.00 (0.00%)
Spread: 0.04 (0.058%)
Open: 0.00
High: 0.00
Low: 0.00
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-Huawei says it's working with Telecom Italia despite 5G exclusion -paper

Mon, 20th Jul 2020 09:33

(Add details, context)

MILAN, July 20 (Reuters) - Huawei Technologies is
working with Telecom Italia despite being shut out of
a recent tender to supply new generation 5G technology, the
chairman of the Chinese group's Italian unit said in a newspaper
interview.

Luigi De Vecchis said Telecom Italia's (TIM) recent decision
to exclude Huawei from supplying new generation 5G services was
a "commercial" decision, unlike in Britain where he said the
Chinese telecoms group's exclusion from 5G services was a
"geopolitical, not a technological decision".

"We respect the decision (by TIM), which is of a commercial
not a political nature, that concerns one of the many parts of
the network," De Vecchis said in an interview with Corriere
Economia, the weekly business magazine of Corriere della Sera,
published on Monday.

Telecom Italia this month left Huawei out of an invitation
to tender for a contract to supply 5G equipment for core network
infrastructure, where sensitive data is processed, in Italy and
Brazil.

"Of course we're sorry, it's not a party but we continue to
work with TIM as well as with Vodafone and others," De Vecchis
said.

Huawei has played no role in the building of TIM's existing
core network in Italy. However, the Chinese group has been
providing Italy's former phone monopoly with equipment to build
part of its current radio access network, the radios and
antennas that connect smartphones to the mobile network.

The U.S. government has urged allies to exclude Huawei from
their next-generation communications infrastructure because of
the danger it could give China a strategic opening to spy on the
West. Huawei rejects the charges.

Last year Italy passed legislation giving the government
special vetting powers over 5G supply deals between domestic
firms and non-EU providers, including Huawei, but has not gone
as far as to ban the Chinese vendor.

"Italy is dealing with the cybersecurity issue in a
professional manner," De Vecchis said, adding that Europe would
suffer significant damage if it follows U.S. calls to exclude
Huawei.
(Reporting by James Mackenzie, Elvira Pollina, editing by
Gianluca Semeraro and Susan Fenton)

More News
28 Feb 2024 15:01

London close: Stocks slip as US GDP growth decelerates

(Sharecast News) - London's equity markets experienced a downturn by the close on Wednesday, largely influenced by underperforming stocks such as St James's Place and Reckitt Benckiser, following disappointing financial results.

Read more
28 Feb 2024 08:59

TOP NEWS: Vodafone in talks to sell Italian arm in EUR8 billion deal

(Alliance News) - Vodafone Group PLC on Wednesday confirmed that it is in exclusive discussions with Swisscom AG regarding a potential sale of Vodafone Italy to Swisscom for cash.

Read more
28 Feb 2024 07:10

Vodafone to sell Italian operations to Swisscom for €8bn

(Sharecast News) - Vodafone has confirmed media speculation that it intends to sell its Italian operations to Swiss telecoms group Swisscom for an enterprise value of €8bn.

Read more
16 Feb 2024 08:52

Vodafone inks deal with RWE for offshore wind energy in Germany

(Alliance News) - Offshore wind turbines in the North Sea will power around 12,000 Vodafone Group PLC cellular network towers across Germany under a new deal that the mobile provider struck with German energy firm RWE AG.

Read more
15 Feb 2024 10:47

Swisscom sole bidder for Vodafone's Italian assets - report

(Sharecast News) - Swisscom has become the sole party still in discussions with Vodafone Group about its Italian assets, it was reported on Thursday.

Read more
14 Feb 2024 15:17

PRESS: Brussels open to telecoms mergers to support investment - FT

(Alliance News) - Brussels has signalled it is open to European telecoms mergers to help fund the rollout of 5G and update ageing networks, a report said Wednesday.

Read more
14 Feb 2024 10:56

Vodafone gets approval to add e& CEO Hatem Dowidar to board

(Alliance News) - Vodafone Group PLC on Wednesday said Hatem Dowidar, the chief executive of a United Arab Emirates-backed telecom group, will join its board from next week Monday.

Read more
7 Feb 2024 08:51

LONDON BROKER RATINGS: Jefferies cuts BioPharma Credit to 'hold'

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

Read more
5 Feb 2024 16:22

London close: Stocks turn lower on renewed interest rate concerns

(Sharecast News) - London's financial markets had turned negative by the close of trading on Monday, after better-than-expected UK services data was offset by a downward revision in service activity in the United States.

Read more
5 Feb 2024 12:06

LONDON MARKET MIDDAY: FTSE 100 rises as UK service sector impresses

(Alliance News) - Stock prices in London were higher midday Monday, after data showed that the UK services sector kicked off the new year with its most robust performance since May.

Read more
5 Feb 2024 08:47

LONDON MARKET OPEN: London's stocks up on Wall Street rally

(Alliance News) - Stock prices in London opened higher on Monday, following New York's Friday rally thanks to a strong US jobs report.

Read more
5 Feb 2024 08:22

Vodafone Group maintains 2024 guidance after third quarter growth

(Alliance News) - Vodafone Group on Monday said that its third quarter had shown sustained revenue growth in Europe and Africa, as the company reiterated its guidance for the full year.

Read more
5 Feb 2024 07:42

LONDON BRIEFING: Stocks expected to start week up slightly amid PMIs

(Alliance News) - Stocks in London are set to open slightly higher on Monday, ahead of a slew of purchasing managers' index readings.

Read more
5 Feb 2024 07:03

Vodafone struggles in Italy, Germany, but holds guidance

(Sharecast News) - Telecoms giant Vodafone held full-year guidance as it reported a fall in third-quarter service revenues, driven largely by declines in Germany.

Read more
31 Jan 2024 15:49

London close: Stocks mixed ahead of US Fed, BoE decisions

(Sharecast News) - London's financial markets finished with mixed performance on Wednesday, with investors closing their wallets ahead of rate announcements from both the US Federal Reserve and the Bank of England.

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.