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Vodafone NEWS (VOD)     

BAYLIS - 18 Oct 2007 20:51

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.

Chart.aspx?Provider=EODIntra&Code=VOD&SiChart.aspx?Provider=EODIntra&Code=BT.A&S

skinny - 19 Jul 2012 11:32 - 301 of 758

Last time it was here was early 2008.


Chart.aspx?Provider=EODIntra&Code=VOD&Si

skinny - 20 Jul 2012 07:03 - 302 of 758

Interim Management Statement

. Group service revenue increased 0.6%(*); excluding mobile termination rate ('MTR') cuts growth was 2.3%(*)

. Continued strong service revenue growth in emerging markets: Vodacom 5.7%(*), India 16.2%(*) and Turkey 18.7%(*)

. Mixed trends in Europe: service revenue growth strong in Germany at 4.2%(*); UK - 0.8%(*) due to increased competition and a weaker economy; conditions in Italy (-7.7%(*)) and Spain (-10.0%(*)) remain challenging

. Verizon Wireless ('VZW') service revenue grew 8.2%(*) driven by data

. Group data revenue grew 17.1%(*) reflecting an increase in Europe smartphone penetration to 28.7%

. £0.9 billion of free cash flow after capital investment of £1.1 billion

. Good progress in strengthening our business: proposed acquisitions of Cable & Wireless Worldwide and TelstraClear; network sharing agreements in five markets

. Net debt reduced to £22.7 billion after receipt of final SoftBank proceeds (£1.5 billion) and £0.8 billion of share buybacks (£6.8 billion share buyback programmes almost complete)

. Full year outlook confirmed

dreamcatcher - 22 Jul 2012 18:27 - 303 of 758

..Questor share tip: Call up Vodafone in troubled times

By Garry White | Telegraph – 3 hours ago


VOD.L 180.00 -3.05

......
Vodafone (LSE: VOD.L - news) has been hit by its customer tightening their belts, but the shares are still attractive. Questor says buy Vodafone shares.

Vodafone 180p Questor says: Buy

Friday's first-quarter figures from Vodafone were weak, but the mobile-phone giant is still confident of meeting full-year consensus forecasts.

Revenue growth was representative of the economic backdrop, so is not too much of a surprise.

Revenue in Spain was down 10pc, but emerging markets saw good growth, with Indian revenues up 16.2pc and Turkey up 18.7pc.

However, total revenue fell 7.7pc year-on-year to £10.8bn after disposals. Revenue on a like-for-like basis edged 0.6pc higher below a consensus forecast of 0.8pc.

Vodafone’s customers are tightening their belts. They are making fewer calls and choosing call plans more carefully. This spooked some investors. In the first 10 minutes of trade on Friday, volumes were 10pc that of the group’s three-month daily average due to fears that a slowdown could crimp the group’s cash-generating ability.

The dividend is the reason to own the shares, so this is important. Dividend cover, as compiled by data group Morningstar (NasdaqGS: MORN - news) , is forecast to fall from 2.61 in 2010 to 1.24 in 2013 and 1.22 in 2014.

On Thursday, Fran Shammo, Verizon’s chief financial officer, said that the board of the Verizon Wireless joint venture with Vodafone does not plan to discuss a dividend payment at its next quarterly board meeting.

Despite the tough economic backdrop, Vodafone is still generating significant amounts of cash and cost-cutting plans will be accelerated.

With the shares yielding a prospective 7.4pc rising to 7.7pc and given the group’s track record during the depths of the credit crunch, Questor is relatively unconcerned.

A buy rating is maintained.

..

skinny - 01 Aug 2012 15:33 - 304 of 758

New 4 year high today @188.7p . 189.1p

And dividend received today!

Dil - 01 Aug 2012 15:44 - 305 of 758

How much was the divi haven't checked mine yet ?

skinny - 01 Aug 2012 15:48 - 306 of 758

6.47p

HARRYCAT - 01 Aug 2012 15:48 - 307 of 758

6.47p per share.
(sorry for the duplication!)

Dil - 01 Aug 2012 16:07 - 308 of 758

Weyhey ... cheers guys.

skinny - 01 Aug 2012 16:42 - 309 of 758

Excellent volume today, including 20 million in the auction.

Chart.aspx?Provider=EODIntra&Code=VOD&Si

skinny - 03 Sep 2012 08:03 - 310 of 758

Multi-country partner market agreement with Zain

VODAFONE AND ZAIN GROUP ANNOUNCE MULTI-COUNTRY PARTNER MARKET AGREEMENT

· Significantly expands Vodafone's presence in the Middle East and provides Zain with greater access to Vodafone's global footprint

· Advances both Vodafone and Zain's ability to deliver communications services to multinational businesses both in and out of the region

HARRYCAT - 04 Sep 2012 13:27 - 311 of 758

Robin Bienenstock of Bernstein:
"We think that Vodafone has outperformed its sector because of emerging market growth, the realisation of Verizon Wireless dividends and in some key European markets better than peer performance. Our hopes for broader industry transformation (widespread network sharing / abolition of handset subsidy) are likely to take longer and be more expensive than we might have hoped (particularly but not only in Germany). Meanwhile we expect accelerating revenue decline in Europe and slowing growth abroad to push the Company into negative Group revenue growth. Despite its sizeable dividend yield and the tantalising possibility of a Verizon bid we expect the share price to follow revenue momentum downwards. We are downgrading Vodafone from Outperform to Market-Perform and reducing our Target Price to GBp170/USD$27.00 as the miserable industry catches up a little with one of its few stars.
Vodafone pays a handsome dividend, and continues to be a relatively cheap way to own the best part of Verizon (though we, along with our US colleagues, believe this reflects in large part an unreasonably high price for Verizon Corp!). But if Vodafone has any acquisitive ambitions, or is as prudent on Europe as we are, the Company may choose to adjust the mix or amount of pass-through from VZW dividends. Any change to format and/or amount of the special dividend will ensure that VOD shareholders cannot view VZW dividends as ‘ordinary’. We expect Vodafone to pay a dividend of 14.19 GBp in FY13, rising to 15.57 GBp by FY17, a reduction of 13% on our previous forecasts.
The single largest risk to our downgrade would be an attempt by Verizon to buy back their 45% of Verizon Wireless either directly or through a merger/reverse takeover. Arguably there has never been a better time for Verizon to make its move – with the stampede to yield we think, along with our US colleagues, that Verizon’s paper is seriously overvalued. But with a Euro break up scenario still looming, Verizon may be discouraged from such an opportunity. Similarly, we think it would be hard for Verizon to raise the cash (we estimate some £50bn) to buy out Vodafone’s stake, and suspect that this management team would not enjoy the responsibility of handing that cash (roughly the market cap of Telefonica) back to shareholders, or reinvesting it in telcoland.

Balerboy - 04 Sep 2012 20:33 - 312 of 758

interim results 13 nov div around 20th.,.

halifax - 12 Sep 2012 15:06 - 313 of 758

SP fallen through 200 DMA.

ahoj - 12 Sep 2012 15:10 - 314 of 758

All brokers cut BBY price when it was 278p. It has risen to 301 since then.

Some of them have to close their short, so the trick, IMO.

skinny - 14 Sep 2012 06:44 - 315 of 758

4G talks ongoing to speed up auction process

O2 has told BBC News it is "in discussions" to speed up the roll out of its 4G services.

The news comes as it was confirmed the only 4G network on which the new iPhone 5 will work is that of rival EE.

EE is the new 4G brand from Everything Everywhere, the parent group of mobile operators Orange and T-Mobile.

O2 and Vodafone are unhappy EE, which will launch its 4G network imminently, has had a head start. The 4G technology will improve network access speed.

O2's 4G network will launch with a range of LTE-enabled handsets, from Samsung, Nokia and others.

An O2 spokeswoman told the BBC it wanted its 4G network up and running "as quickly as possible".

"We are pushing hard on behalf of our customers," she added.

"We are hopeful we can come to some agreement to bring the current time line forward."

skinny - 17 Sep 2012 08:29 - 316 of 758

Vodafone Considers $2.2 Billion Tax Provision on Indian Law

Vodafone Group Plc (VOD), which has resisted setting aside money for a $2.2 billion tax bill in India, may make a provision to cover the legal risks, Chief Financial Officer Andy Halford said in an interview.

The world’s second-largest mobile-phone operator is consulting on the need for a provision after an amendment by India’s government to its tax law made the company potentially liable for the payment, Halford said. A decision will be made by November, he said.

Vodafone Group Plc in January defeated the initial government demand for taxes stemming from its 2007 acquisition of Hutchison Whampoa Ltd.’s Indian operations in the country’s top court. Photographer: Prashanth Vishwanathan/Bloomberg

“The situation has changed and we are looking at it,” Halford said from Vodafone’s headquarters in Newbury, England. The company’s test over whether to take a provision “is now being applied differently against a recently introduced, albeit retrospective, legislation.”

skinny - 27 Sep 2012 07:08 - 317 of 758

VODAFONE HOSTS ENTERPRISE OPEN OFFICE EVENT

Vodafone Group Plc ("Vodafone") will today host an Open Office event focusing on its Enterprise business and the core segments within. This will include a review of the Cable & Wireless Worldwide ("CWW") opportunities and integration plan, following completion of the acquisition of CWW by Vodafone in July 2012.

skinny - 02 Oct 2012 06:50 - 318 of 758

4G: UK's mobile phone networks in crunch meeting

A key meeting concerning the UK's roll-out of 4G mobile network services is due to take place later.

Mobile operators will discuss with regulators plans to bring forward the auction of spectrum to run 4G services - which allow faster mobile download speeds than the existing 3G network.

Ministers hope to appease operators angered that Everything Everywhere (EE) was given permission to launch first.

A deal could pave the way for EE to announce its 4G launch date.

skinny - 03 Oct 2012 06:55 - 319 of 758

4G timetable agreed by UK mobile network operators

At a meeting with communications regulator Ofcom and the government, rival operators agreed to settle their differences and get services up and running quickly.

The government said high-speed data services should launch by spring 2013, six months earlier than planned.

O2 and Vodafone have agreed not to pursue legal action against EE.

Both had been unhappy that EE had been granted permission to add 4G to its existing network later this year.

Co-operation
EE is likely to announce when its services will go live imminently.

"Delivering 4G quickly is a key part of our economic growth strategy," said Culture Secretary Maria Miller.

"I am grateful to the mobile operators for their co-operation in bringing forward vital 4G services."

A combination of factors, from a change of government to threats of legal action from operators, had slowed down the process to free up spectrum used by analogue television broadcasts.

Fred1new - 12 Oct 2012 11:12 - 320 of 758

Vod.

Anybody looking at Level 2.

If so, are stock list volume and B/S accurate with B/S 72/28 Total Vol 30m +?

Or am I missing something.

Projected yield 7+% PE 12.3. Div cover 1.5.

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