LONDON (Thomson Financial) - The telecoms regulator on Thursday fined the Greek unit of UK mobile giant Vodafone 19.1 mln eur for violating network regulations in a wire-tapping scandal that rocked the country last year.

The fine is the second handed to Vodafone Hellas over the case after a 76 mln eur penalty levelled by Greece's communication privacy watchdog last December.

Some 100 Vodafone cellphones in February 2006 were found to have been compromised by an illicit network that tapped sets used by Greek Premier Costas Karamanlis, his wife and several ministers from June 2004 to March 2005.

The tapping used software slipped into Vodafone's network by unknown perpetrators to illegally activate an Ericsson-made module permitting call interception.

On Thursday, the national telecommunications regulator EETT accused Vodafone of breaching regulations on the protection of telecommunications privacy, network maintenance and quality, and consumer protection.

The company rejected last December's fine as 'illegal, unfair and baseless.'

A Greek parliament committee collecting evidence on the case last November noted the involvement of three employees of telecoms giants Ericsson Hellas and Vodafone Greece, identified only by their initials.

'The whole system could not operate without Ericsson know-how and without access from within (Vodafone),' the report said.

The Greek branch of Swedish telecom equipment giant Ericsson has also been fined 7.36 mln eur over the case.

The parliamentary committee did not rule out the involvement of other people operating outside Greece.

The Greek justice department has opened an investigation into the case but nobody has yet been charged.

Days before the affair came to light, a senior Vodafone expert was found hanged inside his home.

The death of Costas Tsalikidis, manager of Vodafone Greece's network planning section, was linked to the case and his family suspects he was murdered.

SALE OF VODAFONE'S STAKE IN VODAFONE FIJI TO THE FIJI NATIONAL PROVIDENT FUND

Vodafone1 announces that it has sold its entire 49% shareholding in Vodafone Fiji Limited to the Fiji National Provident Fund for a cash consideration of FJ$160m (£51m)2. Vodafone expects to continue to have a presence in Fiji through a Partner Market agreement.


Notes
1 The seller is Vodafone International Holdings BV, a wholly-owned subsidiary of the Vodafone Group
2 Fijian dollar to GBP exchange rate of 3.13

Worth a read :- Telecoms executives cheer Brussels’ antitrust decision on E-Plus

VODAFONE AND BMOBILE ANNOUNCE PARTNER MARKET AGREEMENT IN PAPUA NEW GUINEA AND THE SOLOMON ISLANDS

up date tomorrow should see the sp rise well above 200p

Interim Management Statement

Highlights

· Group service revenue declined 4.2%*; Europe -7.9%*, AMAP 4.7%*

· Evidence of commercial improvement in Germany (-4.9%*), Italy (-16.1%*) and UK (-3.2%*); Spain (-15.3%*) weaker on renewed competition

· India (10.3%*) and Turkey (3.7%*) continue to show strong momentum; Vodacom was flat* impacted by an MTR cut in South Africa

· Strong progress on Project Spring: 4G footprint across European markets up to 52%; 6.7 million 4G customers; Group data traffic up 73% year-on-year

· Unified communications strategy advanced further: KDG integration commenced; completion of Ono; fibre alliances in Ireland and Portugal announced

· Free cash outflow on a guidance basis of £0.6 billion reflecting Project Spring investment; net debt £14.1 billion (£11.0 billion including Verizon loan notes), before Ono consideration of £5.7 billion

VODAFONE EXTENDS ACCEPTANCE PERIOD FOR COBRA OFFER

Small gap to be filled.

skin sold at 203p bought tsco 273p looking for 390p in short time

VODAFONE TO COMPLETE ACQUISITION OF COBRA

Vodafone shares turn higher on Softbank report - traders

(Reuters) - Vodafone Group PLC (VOD.L) shares turned higher late on Tuesday, with traders citing a Nikkei report suggesting the British mobile operator may become a takeover target for Japanese telecoms firm SoftBank Corp (9984.T).

A Vodafone spokesman said the company had no comment. A SoftBank spokeswoman also declined to comment.

Verizon Communications (VZ) Q3 2014 Results - Earnings Call Webcast

Half Yearly Report

Highlights

· H1 Group revenue up 8.9% to £20.8 billion; organic service revenue down 2.8%* to £19.1 billon
· Q2 Group organic service revenue down 1.5%* compared to -4.2%* in Q1 due to improved commercial performance and reduced impact of mobile termination rate ('MTR') cuts
· Improved service revenue performance in all key markets in Q2: Germany -3.4%*, Italy -9.7%*; UK -3.0%*, Spain -9.3%*, India 13.2%*; and Vodacom 0.3%*
· H1 EBITDA down 10%* to £5.9 billion; organic EBITDA margin down 2.1* percentage points; reported margin 28.4%
· Free cash flow2 break even (£0.0 billion) reflecting Project Spring investments; total capex £3.9 billion, up £1.6 billion year-on-year
· Full year guidance: EBITDA now £11.6 billion to £11.9 billion, free cash flow remains positive. Guidance excludes Ono
· Additional £5.5 billion deferred tax assets recognised
· Net debt of £21.8 billion (or £18.6 billion including Verizon loan notes) including £5.8 billion in relation to Ono
· Interim dividend per share of 3.60 pence, up 2.0%

JP Morgan Cazenove Overweight 219.05 219.05 260.00 265.00 Reiterates

is it going to climb today????

With the recent VOD strength its good to see VZ striving for recent highs.

Glad I'm hold these at the mo with div in hand and now a nice profit..... has vod reached it's top for now skinners ??

Well the "experts" view :-

13 Nov 14 Vodafone Group PLC Espirito Santo Execution Noble Sell 225.70 168.00 168.00 Retains
12 Nov 14 Vodafone Group PLC Morgan Stanley Overweight 225.70 - - Reiterates
12 Nov 14 Vodafone Group PLC Credit Suisse Outperform 225.70 220.00 220.00 Reiterates
12 Nov 14 Vodafone Group PLC Barclays Capital Overweight 225.70 235.00 245.00 Reiterates
12 Nov 14 Vodafone Group PLC Nomura Reduce 225.70 180.00 180.00 Reiterates
12 Nov 14 Vodafone Group PLC Deutsche Bank Buy 225.70 - 230.00 Reiterates
12 Nov 14 Vodafone Group PLC JP Morgan Cazenove Overweight 225.70 260.00 265.00 Reiterate

I'd sooner have your expert view.... lol. Chart wise it may have reached it's first resting point, tomorrow could see a little more or maybe a fall back at the end of trading.....

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Also volume tailing off back to norm, macd possibly saying there might be one more step.
Thats my take on it, from someone who hasn't gotta clue..... ;))

Looks a tad overbought at mo BB but wtfdik, 240.0 looks a good targe ev en tu ally :0)