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Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 67.82
Bid: 67.94
Ask: 67.98
Change: 0.34 (0.50%)
Spread: 0.04 (0.059%)
Open: 67.48
High: 68.52
Low: 67.22
Prev. Close: 67.48
VOD Live PriceLast checked at -

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UPDATE 1-Indian regulator recommends $456 mln fine on telecoms firms

Fri, 21st Oct 2016 17:41

(Add comment from Airtel, source)

By Sankalp Phartiyal

MUMBAI, Oct 21 (Reuters) - India's telecoms regulator onFriday recommended the top three network operators be fined acombined 30.5 billion rupees ($455 million), saying they weredenying new entrant Reliance Jio sufficient interconnectionpoints.

Jio is part of Reliance Industries Ltd, controlledby India's richest man, Mukesh Ambani. It began offering 4Gservices in September, triggering a war over network points thatconnect Jio customers with Bharti Airtel Ltd, VodafonePlc's India subsidiary and Idea Cellular Ltd.

Responding to Jio's complaints over the denial of points ofinterconnection (POI), the Telecom Regulatory Authority of India(TRAI) recommended a fine of 500 million rupees per telecom zonefor each of the three operators.

Airtel and Vodafone India were fined for 21 zones each whileIdea was fined for 19 zones. India has 22 telecoms zones orcircles.

The denial of POI to Jio "appears to be with ulterior motiveto stifle competition and is anti-consumer", TRAI said in astatement.

Reliance Jio did not respond to an email seeking commentwhile Vodafone and Idea declined comment.

"We are continuously augmenting the POIs provided toReliance Jio and the pace of augmentation has been the fastestever done by us," a spokesman for Airtel said.

"Further, we are in full compliance of the requirements ofGrade of Service set by TRAI."

The federal government's Department of Telecom is expectedto take up the issue of fines with the three telcos, and if amutual arrangement is not arrived at the companies can seeklegal recourse, a source familiar with the matter told Reuters.

($1 = 66.9126 Indian rupees) (Additional reporting by Promit Mukherjee; editing by DavidClarke/Ruth Pitchford)

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16 Apr 2024 08:41

Vodafone appoints SAP's Marika Auramo as CEO of Business arm

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16 Apr 2024 07:46

Vodafone taps SAP executive to lead business division

(Sharecast News) - Vodafone announced the appointment of Marika Auramo as chief executive of Vodafone Business on Tuesday, effective from 1 July.

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(Alliance News) - London's FTSE 100 is called to open higher on Thursday, despite remarks from Federal Reserve Chair Jerome Powell failing to soothe lingering interest rate worries.

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CMA to launch in-depth probe into Vodafone's merger with Three

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28 Mar 2024 15:05

Directors dealings: Vodafone chairman follows in CFO's steps, buys shares

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28 Mar 2024 13:54

IN BRIEF: Vodafone Chair Boxmeer buys GBP570,000 in shares

Vodafone Group PLC - Berkshire, England-based telecommunications provider - Chair Jean-Francois van Boxmeer buys 823,500 shares at GBP0.69 each, worth GBP568,215, in London on Wednesday.

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27 Mar 2024 09:40

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26 Mar 2024 11:21

Vodafone Germany to cut 2,000 jobs in revamp

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26 Mar 2024 11:15

UPDATE: Vodafone Germany cuts 2,000 jobs as part of savings programme

(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 Dusseldorf, Germany-based subsidiary of Vodafone Group PLC announced on Tuesday.

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26 Mar 2024 10:43

Vodafone Germany: 400-mln-eur restructuring to affect 2,000 jobs

BERLIN, March 26 (Reuters) - Vodafone Germany said on Tuesday that it aims to save around 400 million euros ($434.48 million) over the next two years as part of a transformation programme that will affect some 2,000 jobs.

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26 Mar 2024 10:42

Vodafone Germany cutting 2,000 jobs as part of savings programme

(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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