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Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

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Share Price: 74.14
Bid: 74.14
Ask: 74.18
Change: -0.04 (-0.05%)
Spread: 0.04 (0.054%)
Open: 73.88
High: 74.42
Low: 73.74
Prev. Close: 74.18
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UPDATE 1-Vodafone, Sky, WindTre urge Italy to create independent single network operator

Mon, 21st Sep 2020 20:53

(Recasts, adds comments, background)

MILAN, Sept 21 (Reuters) - Vodafone, Comcast unit
SKY and WindTre on Monday urged Italy to create a
single broadband communications network that can guarantee
neutrality and independence for all players.

In August, Rome signed off on a plan to create a national
unified fast broadband network designed in part to head off
concern that Telecom Italia (TIM), Italy's biggest
phone group, could end up with too much sway over it.

Leaders of the three companies met on Monday with the chief
executives of state lender CDP and TIM.

"The three CEOs hope the network plan can be developed in
line with its premises, giving rise to a non-vertically
integrated operator," they said in a joint statement.

TIM, with a large retail client division, has repeatedly
said it wants to control any single grid while European
regulations favour the adoption of a non-vertically integrated
model outside TIM’s control.

Under the government's plan, TIM could have a majority of
shares but would not have control of the board, while the grid
would have to be open to all operators and acceptable to
regulators.

Last week EU antitrust chief Margrethe Vestager declined to
comment on the plan to create a single network through the
merger of TIM's grid assets and those of smaller wholesale-only
rival Open Fiber.

"One can imagine that you have a nationwide wholesaler. That
is definitely imaginable ... The question of course is (whether)
that is an independent wholesaler or the wholesaler also has
ties vertically to retailers," Vestager said.

"That would be a competition assessment and that would be
our approach no matter what country it would be concerned with,”
she said.
(Reporting by Stephen Jewkes and Elvira Pollina; Editing by Dan
Grebler)

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18 Mar 2024 09:39

IN BRIEF: Vodafone CFO buys 2.5 million shares for GBP1.7 million

Vodafone Group PLC - Berkshire, England-based telecommunications provider - Group Chief Financial Officer Luka Mucic purchased 2.5 million shares on Friday in London at 69.64 pence each for GBP1.7 million in total. Vodafone also on Friday announced the sale of its Italian business to Swisscom AG for EUR8 billion, with EUR4 billion to be returned to shareholders through a buyback. It said, however, that annual dividends from financial 2025 onwards will be rebased to 4.5 euro cents, down from 9.00 cents for financial 2024.

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15 Mar 2024 15:07

London close: Stocks finish mixed after Reckitt compo blow

(Sharecast News) - London's equity markets finished in a mixed state at the end of a quiet trading session on Friday, after another hotter-than-expected US inflation reading overnight.

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15 Mar 2024 12:11

LONDON MARKET MIDDAY: FTSE 100 underperforms despite mining, oil boost

(Alliance News) - London's FTSE 100 overcame a muted morning to head into Friday afternoon on the up, though its progress was shy of the loftier gains seen by mainland European peers, as investors showed some signs of trepidation ahead of a pair of interest rate decisions next week.

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15 Mar 2024 09:25

Vodafone Germany makes surprise chief executive change

(Alliance News) - The head of telecommunications provider Vodafone Germany, Philipp Rogge, has announced plans to leave the company at the end of the month in a surprise move after less than two years at the helm.

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15 Mar 2024 08:43

LONDON MARKET OPEN: FTSE 100 treads water; buyback boosts Vodafone

(Alliance News) - Stock prices in London opened in a muted fashion on Friday, as a hotter-than-expected US producer price reading stifled risk appetite, with focus beginning to move to interest rate decisions from the Federal Reserve and Bank of England next week.

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15 Mar 2024 07:46

LONDON BRIEFING: Vodafone, Scottish Mortgage Investment plan buybacks

(Alliance News) - London's FTSE 100 is called to open fractionally lower on Friday, possibly a tepid end to a decent week, as a robust US producer price reading hurt risk appetite on both sides of the Atlantic.

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15 Mar 2024 06:58

TOP NEWS: Vodafone plans share buyback after Italy sale to Swisscom

(Alliance News) - Vodafone Group PLC on Friday said it has agreed to sell its Italian business to Swisscom AG for EUR8 billion and will return half of the proceeds to shareholders.

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15 Mar 2024 06:45

Vodafone unveils €4bn capital return after selling Italian unit

(Sharecast News) - Vodafone and Swisscom have confirmed that the Swiss telecom group will take over Vodafone Italy for €8bn, enabling the UK company to return €4bn to shareholders.

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29 Feb 2024 16:05

London close: Stocks finish positive as US inflation moderates

(Sharecast News) - London's stock markets finished with moderate gains on Thursday, buoyed by a combination of factors including a slowdown in US inflation, robust UK earnings reports, and encouraging mortgage approvals figures.

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29 Feb 2024 13:11

Vodafone rallies on 'RARE' Betaville report

(Sharecast News) - Vodafone rallied on Thursday amid takeover speculation.

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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.

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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.

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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.

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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.

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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.

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