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.

Twice normal volume today---Vod buy some Liberty assets----Liberty bid for ITV---that would be good.

RBC Capital Markets Outperform 212.45 270.00 270.00 Reiterates

Numis Buy 212.45 270.00 270.00 Raise

Deutsche Bank Buy 212.45 315.00 315.00 Reiterates

Just had a few of these for the SIPP.

Nice divi even if it only moves sideways.

Ditto Dil, also bought some more BP. as well after the good results. Good divi too. H

Right then , 300p by xmas here we come :-)

divi cut coming avoid, above 180p BB

Another look at £2.

Trading update for the quarter ended 30 June 2018

Not a pretty chart.

Bouncing nicely away from the long term support.

Chart of the week: Here's when to buy Vodafone shares

Vodafone jumps on report of Elliott interest

Just a reminder - Vodafone 5G in the UK

There is no denying that the chart is looking absolutely horrendous for VOD at the moment. But, taking the 30 year chart the SP seems to be on the point of support, hence my decision to add a few shares this morning to a general account.

On the positive side, the company has more than 19 years of dividend growth and has not hinted of a cut. And nowadays, it is, after all a utility company at or close to saturation in Europe. Very few people can claim not to have received a telephone call from a VOD account holder. For my own part, VOD provides the fallover Internet facility for my company.

Your hope is the dividend.


(And mine.)

sells of 13,000,000 31.8.18 ordinary trade looks bad to me will hold off buying
s/p 164.88 sells. above is just one trade. BB india companys shaft share holders
historically.

Vodafone’s incoming CEO weighs masts sale

Credit Suisse Outperform 167.68 235.00 225.00 Reiterates

That would suit me.

Yield 8+%.

6mths chart pretty miserable.

But!