Vodafone Share News (VOD)

Vodafone Information

Buy VOD Shares
Add VOD to Watchlist
Add VOD to Alert

Share Price Information for Vodafone (VOD)

Share Price is delayed by 15 minutes

Get Live Data

Share Price: 70.64

Bid: 70.44

Ask: 70.48

Change: 0.86 (1.23%)

Spread: 0.04 (0.057%)

Open: 70.10

High: 70.98

Low: 70.02

Prev. Close: 69.78

Last checked at -

Vodafone posts decline in quarterly revenue

Fri, 19th Jul 2013 07:04

Vodafone reported a drop in second quarter revenue, blaming ongoing economic and regulatory pressures in its key market of Europe.Group service revenue, including joint ventures, dropped 3.5% year-on-year to £10.1bn in the three months to end of June.The company said conditions in Europe remained "challenging" and increased competitive intensity weighed on results.Southern Europe was the hardest hit market as service revenue fell by 14.4%, while Northern and Central Europe decreased by 3.0%. Service revenue in the UK fell by 4.5%, mainly due to price pressure. Against a background of significant revenue pressures in Europe, Vodafone said it continued to drive cost efficiencies through initiatives including further network sharing agreements, offshoring of business functions to shared service centres, centralisation of procurement costs, and ongoing reductions in support function costs.During the quarter, the group announced the acquisition of Germany's largest cable operator, Kabel Deutschland. The transaction is expected to close in the fourth quarter. Vodafone's Verizon Wireless joint venture remained strong with service revenue increasing 7.2%.In the US, Verizon Wireless added 1.0m net retail connections during the quarter, bringing the closing mobile retail connections base to 100.1m, up 6.3% year-on-year.The firm's Vodafone Red phone leasing business now has 5.2m customers since its launch in September 2012, representing around 14% of consumer contract customers.Vittorio Colao, Chief Executive, said: "We have made a good start to the year in our areas of strategic focus: growth in emerging markets has accelerated, we now have over 5.0m customers benefiting from Vodafone Red, and 4G is live in 10 markets. "In addition, the proposed acquisition of Kabel Deutschland will create an excellent platform for our unified communications strategy in our most important market. Although regulation, competitive pressures and weak economies, particularly in Southern Europe, continue to restrict revenue growth, we continue to lay strong foundations for the longer term." RD

More News

11 Oct 2023 10:30

TOP NEWS: CMA probes UK business merger of Vodafone and Hutchison

(Alliance News) - The Competition & Markets Authority on Wednesday said it is considering whether the planned merger the UK businesses of Vodafone Group PLC and CK Hutchison Group Telecom Holdings Ltd would weaken competition.

11 Oct 2023 09:17

LONDON BROKER RATINGS: JPMorgan raises Croda; Berenberg cuts Atalaya

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

9 Oct 2023 16:56

LONDON MARKET CLOSE: Stocks suffer amid Israel conflict

(Alliance News) - Oil majors and defence contractor BAE Systems helped shield the FTSE 100 from a deeper decline on Monday, as global equities struggled as events in Israel meant it was a risk-off start to the new week.

5 Oct 2023 09:08

LONDON BROKER RATINGS: Panmure likes abrdn; Kepler cuts Britvic

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

5 Oct 2023 07:41

LONDON BRIEFING: Unite CEO steps down; Imperial Brands begins buyback

(Alliance News) - The FTSE 100 is expected to open in the green on Thursday, with equity markets feeling more cheerful after softer US jobs data eased fears over interest rates.

27 Sep 2023 13:10

EARNINGS: Safestyle suffers amid "difficult" trading conditions

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

22 Sep 2023 14:16

Zegona confirms it is in talks to buy Vodafone's Spanish operations

(Alliance News) - Zegona Communications PLC on Friday said it was in discussions with Vodafone Group PLC to acquire its Spanish operations, confirming prior media reports.

6 Sep 2023 09:00

Saudi Arabia's STC Group to become Telefonica top shareholder with 9.9% stake

LONDON/DUBAI, Sept 5 (Reuters) - Saudi Arabia's STC Group has amassed a 9.9% stake in Telefonica worth 2.1 billion euros ($2.25 billion), in a move to become the Spanish telecom giant's top shareholder.

5 Sep 2023 08:00

Vodafone teams up with Amazon's Project Kuiper to extend 5G reach

LONDON, Sept 5 (Reuters) - Vodafone plans to work with Amazon's low Earth orbit satellite constellation Project Kuiper to extend the reach of its 4G and 5G telecoms networks in Europe and Africa.

31 Aug 2023 21:37

Vodafone and Samsung begin mass rollout of open RAN in UK

(Alliance News) - Samsung Electronics Co on Thursday said that it and Vodafone Group PLC are replacing technology in the UK with virtualised open radio access networks, alias RAN, on Vodafone's 2,500 sites.

23 Aug 2023 17:43

Zelenskiy vows to end Russian occupation of Crimea, defends strategy

Zelenskiy hosts conference in Kyiv on Crimea

16 Aug 2023 13:24

Safaricom launches M-Pesa mobile money service in Ethiopia

ADDIS ABABA, Aug 16 (Reuters) - Safaricom's M-Pesa mobile money service went live in Ethiopia on Wednesday, in a boost to the Kenyan telecoms operator as it seeks to kickstart growth in one of Africa's biggest economies.

16 Aug 2023 09:29

LONDON BROKER RATINGS: RBC cuts Antofagasta; Shore likes Trainline

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

15 Aug 2023 17:00

South Africa's MTN looks to unlock hidden value with stake sales

JOHANNESBURG, Aug 15 (Reuters) - The CEO of South Africa's MTN Group said on Tuesday he plans to bring in minority partners in fintech and fibre and then list the businesses as separate entities to reach a market capitalisation of more three times its net asset value (NAV).

7 Aug 2023 09:14

LONDON BROKER RATINGS: JPMorgan lifts Rolls-Royce; RBC cuts Unite

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

Latest Share Chat

Vodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Vodafone posts decline in quarterly revenue

Login to your account

Quickpicks are a member only feature

Login to your account