We would love to hear your thoughts about our site and services, please take our survey 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: 69.68
Bid: 69.70
Ask: 69.74
Change: 0.34 (0.49%)
Spread: 0.04 (0.057%)
Open: 69.34
High: 70.04
Low: 69.06
Prev. Close: 69.34
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 4-Organisers agonize over whether to scrap Mobile World Congress

Wed, 12th Feb 2020 11:35

* GSMA board debates whether to scratch top telecoms event

* Spanish health officials see no reason to cancel
We are monitoring fast-paced coronavirus situation - GSMA

* European operators, key backers of event pull out
(Updates with Spanish health officials, WHO, insurance expert)

By Isla Binnie, Mathieu Rosemain and Douglas Busvine

MADRID/PARIS/BERLIN, Feb 12 (Reuters) - Organisers of the
Mobile World Congress (MWC) agonized on Wednesday over whether
to cancel or press ahead with a smaller version of the event
after major European telecom companies pulled out over the
coronavirus outbreak.

The GSMA telecoms association that hosts the Barcelona
get-together faced a dilemma after local health authorities said
they saw no reason to cancel the Feb. 24-27 event, the biggest
on the industry's annual calendar.

Several sources said the GSMA's board, consisting of 25
industry bosses, was holding a 'virtual' meeting to consider its
options. Two sources familiar with the matter said no final
decision had been reached on what to do.

Deutsche Telekom, Vodafone, BT and
Nokia said earlier they would not be attending. A
source said Orange was set to join them, although the
French company said it had not taken any final decision.

The MWC draws more than 100,000 visitors to Barcelona and
gives a lift of half a billion dollars to the local economy, the
GSMA estimates. With big-name withdrawals from Europe coming on
top of those from the United States, Japan and South Korea, the
event risks being a shadow of its normal self.

The Chinese contingent at MWC has numbered 5,000-6,000 in
recent years, making the event particularly vulnerable given the
outbreak of the virus that has killed more than 1,100 people on
the Chinese mainland.

In its latest statement, the GSMA said it was monitoring the
"fast-changing situation" around the coronavirus while working
with the Spanish and global health authorities to ensure the
wellbeing of attendees.

PREACHING CALM

Barcelona's mayor Ada Colau said on Wednesday she wanted to
send a "message of calm", insisting the city was ready to host
the event. Health Minister Salvador Illa said the government's
goal was protecting people's health, but that it would take
additional measures if necessary.

The World Health Organisation, the UN agency leading the
coronavirus crisis response, also urged calm.

"There is no evidence at present to suggest that there is
community spread outside China, so WHO is not currently
requesting that large gatherings are cancelled," WHO spokesman
Tarik Jasarevic told Reuters in Geneva.

That failed, however, to alleviate concerns among major
exhibitors that the precautions would be insufficient to halt
the virus that has spread beyond China's borders to two dozen
countries.

"To bring people together and connect them: That is what
Telekom stands for. This is also what the Mobile World Congress,
the 'class reunion' of our industry, stands for," Deutsche
Telekom CEO Tim Hoettges posted on LinkedIn.

He added, however, that large gatherings of people with many
international guests posed a particular risk: "To take this risk
would be irresponsible."

ON THE HOOK

The fate of this year's MWC may hinge on the terms under
which any events insurance taken out by the GSMA would pay out.

This would be unlikely to kick in unless restrictions are
imposed on public gatherings in the country on health grounds,
insurance experts say.

"Where there is no ban and businesses make their own
commercial decision, I cannot see the market paying out," said
Edel Ryan, who is on the Special Risks team at broker Marsh JLT
Specialty.

Major Chinese exhibitors, led by Huawei, have stuck
to plans to attend, ordering at-risk staff to isolate themselves
in advance and drafting in replacements from elsewhere to run
event stands and host clients.

The GSMA had banned attendees from China's Hubei province,
where the coronavirus outbreak began, and required others to
prove that they had been outside the country for at least two
weeks prior to the event.

Coronavirus has proved to be contagious even when people who
have caught it are asymptomatic, meaning that people attending
might not even realise that they could infect others they meet
at MWC.

Tracking the meetings and movements across the Fira trade
grounds and the city of Barcelona of anyone who later tests
positive would be a difficult task.
(Writing by Douglas Busvine; Additional reporting by Supantha
Mukherjee, Joan Faus, Can Sezer, Tarmo Virki, Stephanie Nebehay,
Carolyn Cohn and Noor Zainab Hussein; editing by Keith Weir and
Elaine Hardcastle)

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.