George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video 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: 69.08
Bid: 69.28
Ask: 69.30
Change: 0.08 (0.12%)
Spread: 0.02 (0.029%)
Open: 69.30
High: 70.00
Low: 69.08
Prev. Close: 69.00
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-Vodacom to launch 5G services in South Africa in 2020

Tue, 04th Feb 2020 13:12

(Adds results, details)

JOHANNESBURG, Feb 4 (Reuters) - Vodacom Group
expects to offer 5G mobile services to its South African
customers this year by using a network being built by another
African operator Liquid Telecom, Vodacom Chief Executive Shameel
Joosub said on Tuesday.

Liquid Telecom announced last month it was building a
wholesale 5G network that would be available from early 2020,
using its share of the 3.5 GHz spectrum required for 5G. It said
it would allow other operators to roam on its network.

Liquid, which said its wholesale service would be available
in major South African cities, did not say which technology
supplier would be used to roll out its 5G network.

"We expect to be able to launch 5G services in South Africa
this year," Vodacom's Joosub said. "This is possible thanks to a
recent roaming agreement with Liquid Telecom, as 5G spectrum is
largely unassigned in South Africa."

Vodacom, which is majority owned by Britain's Vodafone
, said it would manage the 5G network on behalf of Liquid
Telecom, although it did not say precisely where or when the 5G
service would be available to customers.

Mobile operators in South Africa have complained about
delays in allocating the spectrum needed to roll out 5G, which
provides much faster mobile connections than 4G networks.

Vodacom and rival MTN have been running pilots for
the next-generation technology using spectrum from the regulator
but they are not yet permitted to offer this commercially.

The regulator, the Independent Communications Authority of
South Africa (ICASA), has said it would outline in April the
process and timing for licensing and assigning 5G spectrum.

Rain, a mobile operator that only provides data services,
has launched a fixed-wireless 5G network, offering a fast
broadband connection to homes and businesses without requiring
cables. The service is available in Johannesburg and
neighbouring Tshwane.

Vodacom, which has already launched a 5G mobile service in
the small African nation of Lesotho, would be the first operator
in South Africa to offer 5G to mobile users.

In its quarterly results, Vodacom reported a 6.6% rise in
group revenue for the three months to December, thanks in part
to strong growth in data and revenues from its M-Pesa mobile
money service.

Joosub said the company's growth in Tanzania would be
hampered after Vodacom said in January it had to disconnect 1.7
million customers in the East African nation because of an issue
related to government approved identification documents.

But the chief executive said Vodacom was working to
reconnect these customers once they had undergone biometric
registration.

(Reporting by Nqobile Dludla; Editing by Kirsten Donovan and
Edmund Blair)

More News
16 Apr 2024 08:41

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

(Alliance News) - Vodafone Group PLC on Tuesday said Marika Auramo has been appointed as chief executive of Vodafone Business.

Read more
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.

Read more
4 Apr 2024 15:58

London close: Stocks manage gains ahead of US payrolls report

(Sharecast News) - London markets closed higher on Thursday, driven by a robust showing from the mining sector and as investors contemplated the UK services sector's latest figures.

Read more
4 Apr 2024 08:47

LONDON MARKET OPEN: Shares rise despite US interest rate unease

(Alliance News) - London's FTSE 100 edged higher on Thursday morning, despite lingering US interest rate worries hanging over equities, while gold notched another record high in earlier trade.

Read more
4 Apr 2024 07:43

LONDON BRIEFING: Vodafone-Three deal faces deeper UK probe

(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.

Read more
4 Apr 2024 07:37

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.

Read more
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.

Read more
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.

Read more
27 Mar 2024 09:40

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

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

Read more
26 Mar 2024 11:21

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.

Read more
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.

Read more
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.

Read more
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.

Read more
22 Mar 2024 16:09

London close: Stocks mixed as Bailey hints at rate cuts

(Sharecast News) - London's stock markets closed in a mixed state on Friday as investors weighed optimistic retail sales data against remarks from Bank of England Governor Andrew Bailey.

Read more
22 Mar 2024 11:46

LONDON MARKET MIDDAY: FTSE 100 boosted after week of rate decisions

(Alliance News) - The FTSE 100 in London were higher at midday on Friday, as investor sentiment remained high, after there were no surprises from UK and US central banks this week.

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.