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Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

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Share Price: 76.50
Bid: 76.40
Ask: 76.44
Change: 0.88 (1.16%)
Spread: 0.04 (0.052%)
Open: 76.24
High: 77.04
Low: 75.92
Prev. Close: 75.62
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UPDATE: Verizon Signs On To Distribute Amazon Platform To Improve 5G

Wed, 04th Dec 2019 11:08

(Alliance News) - US telecommunications firm Verizon Communications Inc said Tuesday it has signed a deal with Amazon.com Inc's AWS Wavelength to improve its 5G network.

London-listed Vodafone Group PLC also said on Wednesday that it is collaborating with Amazon Web Services to make AWS Wavelength available in Europe.

Amazon.com Inc's AWS Wavelength provides developers the ability to build mobile applications that serve users with single-digit millisecond latencies over the 5G network.

Verizon said the service will allow it to become the first to offer 5G edge computing, allowing users to develop applications that require ultra-low latency to mobile devices using 5G.

Verizon is currently piloting AWS Wavelength on Verizon's edge compute platform, 5G Edge, in Chicago, including video game publisher Bethesda Softworks and the National Football League.

Additional deployments are planned in other locations across the US in 2020, Verizon said.

"By utilizing AWS Wavelength and Verizon 5G Edge, developers will be able to deliver a wide range of transformative, latency-sensitive use cases like machine learning inference at the edge, autonomous industrial equipment, smart cars and cities, Internet of Things, and augmented and virtual reality," Verizon explained.

Verizon 5G Edge allows mobile edge computing - a high-volume connection between users, devices and applications. AWS Wavelength lets customers deploy the parts of the application the require ultra-low latency to the edge of the network, then connect back to AWS.

"Mobile edge compute technology further reduces latency. Currently, application data has to travel from the device, to the mobile network, to networking devices at the mobile edge, and then to the Internet to get to the application servers in remote locations, which can result in longer latency," Verizon said.

The US firm is hoping the 5G cloud edge computing can improve this.

Verizon Chair & Chief Executive Hans Vestberg said: "Bringing together the full capabilities of Verizon’s 5G Ultra Wideband and AWS, the world's leading cloud with the broadest and deepest services portfolio, we unlock the full potential of our 5G services for customers to create applications and solutions with the fastest speeds, improved security, and ultra-low latency."

Vodafone separately said it plans to roll out AWS Wavelength in "strategic" locations within its 5G network.

Vodafone Business CEO Vinod Kumar said: "With Europe's largest 5G network across 58 cities and as a global leader in internet of things with over 90 million connections, Vodafone is pleased to be the first telco to introduce AWS Wavelength in Europe."

AWS Wavelength will be available first in the UK and Germany on the Vodafone 5G network, expanding to other Vodafone markets across Europe, the company explained.

Shares in Verizon closed 0.3% higher in New York on Tuesday at USD60.14. In pre-market trade, the shares added a further 0.1% to USD60.20. Vodafone shares were trading 1.2% lower in London on Wednesday morning at 144.12 pence each.

Elsewhere, US IT services provider Cognizant Technology Solutions Corp said Tuesday it has extended its partnership with AWS, by now offering customers AWS Outpost.

Cognizant said it is able to work with clients to "re-architect complex enterprise IT workloads to modernize and support their on-premises and cloud-based infrastructures".

Cognizant Vice President of AWS Global Business Raja Renganathan said: "Cognizant is excited to extend our long-standing relationship with AWS to offer AWS Outposts to our clients. This service line will help clients to experience AWS native features on-premises, enabling them to build and run modern and secure digital platforms."

Cognizant closed down 1.2% in New York on Tuesday at USD62.75. The shares were flat in pre-market trade.

Amazon ended 0.7% lower at USD1,769.96. The shares gained 0.7% in pre-market trade to USD1,781.40.

By Evelina Grecenko; evelinagrecenko@alliancenews.com and Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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31 May 2024 13:35

TOP NEWS: Vodafone completes sale of Spain business to Zegona

(Alliance News) - Vodafone Group PLC and Zegona Communications PLC on Friday said Zegona has completed the acquisition of Vodafone Spain, with telecommunications veteran Jose Garcia named as chief executive officer.

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30 May 2024 13:01

UK dividends calendar - next 7 days

Friday 31 May 
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29 May 2024 15:05

Iliad in wait-and-see mode on M&A in Italy after failed Vodafone deal

MILAN, May 29 (Reuters) - French challenger telecoms operator Iliad is focused on growing its Italian business on a standalone basis, the head of Iliad's local operations said on Wednesday.

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27 May 2024 09:49

Vodafone to wire 120,000 flats in Germany for fibre optic service

(Alliance News) - Telecommunications firm Vodafone Group PLC has signed an infrastructure contract with one of Germany's largest housing companies to expand fibre-optic internet access to an additional 120,000 flats.

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16 May 2024 11:26

Deutsche Telekom's strong Europe growth helps core earnings rise

May 16 (Reuters) - Deutsche Telekom reported first-quarter adjusted core earnings of 10.5 billion euros ($11.43 billion) on Thursday, with Europe a stand-out as the German telecoms operator highlighted growth across all of its segments.

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16 May 2024 09:57

LONDON BROKER RATINGS: Barclays raises Travis Perkins to 'overweight'

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

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15 May 2024 10:09

TOP NEWS: Vodafone commences EUR500 million share buyback programme

(Alliance News) - Vodafone Group PLC on Wednesday said it began a share buyback programme of up to EUR500 million, a day after saying it would begin a wider EUR2.0 billion scheme following Spanish authorities giving the green light to the planned sale of its Spanish business.

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15 May 2024 09:22

LONDON BROKER RATINGS: JPMorgan puts B&M on 'negative catalyst watch'

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

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15 May 2024 07:44

LONDON BRIEFING: Stocks set to see gains ahead of US inflation data

(Alliance News) - Stocks in London are called higher, as investors shrug off nerves ahead of a key US inflation reading.

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14 May 2024 17:38

Vodafone reports 2% rise in annual profit after stronger final quarter

Core earnings rise 2.2%, meeting market forecasts

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14 May 2024 17:20

London stocks edge higher after mixed jobs report

FTSE 100 up 0.2%; FTSE 250 adds 0.3%

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14 May 2024 16:55

LONDON MARKET CLOSE: FTSE 100 up despite Powell's US inflation caution

(Alliance News) - London's FTSE 100 edged higher on Tuesday, shaking off a warning from Federal Reserve Chair Jerome Powell on inflation, as well as tensions between the US and China.

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14 May 2024 16:40

London close: Stocks manage gains as unemployment rises

(Sharecast News) - London stocks closed higher on Tuesday, as investors analysed the latest UK jobs data and remarks from Bank of England chief economist Huw Pill.

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14 May 2024 16:21

TOP NEWS: Vodafone to start share buyback after Spanish deal cleared

(Alliance News) - Vodafone Group PLC on Tuesday said it plans to kick off its EUR2.0 billion share buyback programme after Spanish authorities gave the green light to the planned sale of its Spanish business.

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14 May 2024 12:07

LONDON MARKET MIDDAY: Stocks flat; BoE's Pill says summer cut possible

(Alliance News) - Stocks in London made muted progress on Tuesday, ahead of key US data, as a leading Bank of England economist suggested talk of a summer rate cut was not "unreasonable."

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