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: 67.92
Bid: 68.04
Ask: 68.08
Change: -0.52 (-0.76%)
Spread: 0.04 (0.059%)
Open: 68.00
High: 68.98
Low: 67.86
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-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
12 Dec 2023 10:59

BT shares fall as regulator eyes ban on inflation-linked price hikes

Dec 12 (Reuters) - BT Group shares fell more than 4% on Tuesday after Britain's telecom regulator proposed a ban on inflation-linked price rises in the middle of customers’ mobile and broadband contracts.

Read more
12 Dec 2023 10:37

UK telecom regulator eyes ban on inflation-linked contract price hikes

(Alliance News) - The UK telecommunications industry regulator on Tuesday said it wants to ban price hikes linked to inflation from customer contracts.

Read more
12 Dec 2023 09:58

UK regulator seeks to ban telecom firms' inflation-linked mid-contract price hikes

LONDON, Dec 12 (Reuters) - Britain's telecom regulator Ofcom proposed banning inflation-linked price rises in the middle of customers’ mobile and broadband contracts, saying that the practice was unfair on consumers and hampering competition.

Read more
12 Dec 2023 09:28

BT shares dip as regulator eyes ban on inflation-linked price hikes

Dec 12 (Reuters) - BT Group shares fell over 4% on Tuesday, with traders linking the drop to British communications regulator Ofcom proposing a ban on mid-contract price hikes linked to inflation.

Read more
12 Dec 2023 08:48

Ofcom proposes ban on inflation-linked price rises

(Sharecast News) - Telecom firms were in the red on Tuesday, as the sector's regulator proposed a ban on inflation-linked mid-contract price rises.

Read more
7 Dec 2023 16:59

LONDON MARKET CLOSE: Stocks mute as eyes turn to US jobs data

(Alliance News) - Stock prices across Europe were muted on Thursday, as investors cautiously eye the next set of US jobs data.

Read more
7 Dec 2023 15:03

London close: Stocks weaker as investors look to central banks

(Sharecast News) - London markets closed lower on Thursday as investors reacted to lacklustre Chinese trade data and the latest UK house price figures.

Read more
7 Dec 2023 12:06

LONDON MARKET MIDDAY: Stocks muted amid pre-US jobs data nerves

(Alliance News) - London's FTSE 100 was slightly lower early on Thursday afternoon, with the mood in global markets cautious as investors eagerly anticipate Friday's US jobs data.

Read more
7 Dec 2023 10:16

LONDON BROKER RATINGS: JPMorgan lowers IAG; Exane BNP cuts Vodafone

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

Read more
29 Nov 2023 12:02

LONDON MARKET MIDDAY: FTSE 100 underperforms ahead of US data

(Alliance News) - European equities were largely higher heading into Wednesday afternoon's US gross domestic product reading, though London's FTSE 100 underperformed as China-exposed shares and international earners declined.

Read more
24 Nov 2023 15:03

London close: Stocks mixed on quiet Friday

(Sharecast News) - Market performance showed a mixed trend in London today, with movements relatively subdued after the Thanksgiving holiday across the pond.

Read more
24 Nov 2023 14:48

Fastweb exploring deal for Vodafone's Italian operations - report

(Sharecast News) - Italian telecom operator Fastweb is reportedly exploring a potential deal for Vodafone's local operations.

Read more
23 Nov 2023 16:09

London close: Stocks make small gains on quiet Thursday

(Sharecast News) - London's stock markets saw a positive turnaround by the end of the day on Thursday despite subdued trading activity due to the Thanksgiving holiday in the United States.

Read more
23 Nov 2023 13:10

Vodafone introduces new energy saving 5G technology in Germany

(Alliance News) - Vodafone Group PLC will introduce a new technology for 5G mobile coverage in rural areas in Germany using up to 40% less power.

Read more
21 Nov 2023 09:54

LONDON BROKER RATINGS: Deutsche says 'buy' B&M and Marks & Spencer

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

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.