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Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

London Stock Exchange
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Share Price: 68.44
Bid: 68.40
Ask: 68.44
Change: 0.62 (0.91%)
Spread: 0.04 (0.058%)
Open: 67.96
High: 68.74
Low: 67.82
Prev. Close: 67.82
VOD Live PriceLast checked at -

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UPDATE 1-South Africa's Vodacom lifts H1 profit on data boom

Mon, 09th Nov 2015 07:57

(Adds share price, detail, comment from CEO)

JOHANNESBURG, Nov 9 (Reuters) - South African mobile phoneoperator Vodacom on Monday reported a 6 percent rise inhalf-year profit, buoyed by sharp growth in data revenue.

The South African unit of Britain's Vodafone hasspent billions to expand its network in recent years with astrong focus on providing faster internet to its customers asmore of them get smartphones.

"We're becoming more of a big data provider, an internetprovider if you like," Vodacom Group Chief Executive ShameelJoosub said in a conference call with reporters.

The company said headline earnings per share - the mainprofit measure in South Africa and strips out certain one-offitems - rose to 440 cents from 415 cents, in the six monthsended Sept. 30.

Data revenue was up 33.5 percent as Vodacom increased 4Gcoverage in its home market, the company said.

"In South Africa, LTE/4G coverage increased from 32.2percent to 46.8 percent," said Joosub.

Customers that have access to 4G have increased to nearly 2million in Africa's most advanced economy and they use almostthree times more data than those stuck with lower speeds, Joosubsaid in a statement released with the results.

The company is forming partnerships with content providersto get its customers to consume more videos and music on smartdevices as it tries to rake in more data revenue.

"We need to play more in the content space," Joosub said.

Vodacom's smartphone users consume around 425 MB of data permonth, compared to 2 GB in the U.S. and Britain which Joosubsees as an opportunity for growth.

Shares in Vodacom were up 1.5 percent to 150.73 rand by 0755GMT. (Reporting by TJ Strydom; Editing by James Macharia)

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16 Apr 2024 08:41

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

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

(Sharecast News) - The Competition and Markets Authority said on Thursday that it will launch an in-depth investigation into the planned £15bn merger between Vodafone and CK Hutchison's Three that was announced last year.

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28 Mar 2024 15:05

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

(Sharecast News) - Vodafone's chairman bought a big batch of shares in the telecommunications outfit just ahead of the Easter break.

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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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LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

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Vodafone Germany to cut 2,000 jobs in revamp

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

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

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