(Bloomberg) — Cost and capital spending cuts will determine the pace of earnings and cash flow growth for BT Group Plc, Deutsche Telekom AG and Vodafone Plc, reporting this week. Most Read from Bloomberg Most of Europe’s biggest carriers have set an “optimistic” baseline for sales, profit and cash-flow growth in 2024, according to Bloomberg […]
Vodafone Germany is cutting and relocating around 2,000 jobs in a bid to save €400 million ($434 million) in the next two years, the company announced on Tuesday. Vodafone currently employs around 15,000 people in Germany, which means that 13% of employees would be affected by the cuts. In addition to job cuts, Vodafone Germany […]
Vodafone has agreed an $8 billion deal to sell its Italian business to Switzerland’s Swisscom. The mobile phone giant said it plans to hand €4 billion back to shareholders through a buyback following the sale. It comes two weeks after the telecoms firms first confirmed they were in discussions over a potential deal. On Friday, […]
(Reuters) -Swisscom said on Friday it will buy Vodafone Italia for 8 billion euros ($8.70 billion) and merge the business with its Italian subsidiary Fastweb. The deal will create Italy’s second-biggest fixed-line broadband operator behind TIM, with a strong presence in the prized business segment, and a leading player in mobile. The debt-financed deal will […]
Vodafone Ireland have announced the creation of 120 new jobs over the next four years as part of a €35 million investment. This year will see 70 jobs created, in addition to €16 million investment into cybersecurity, networking and cloud technologies. This follows on from Vodafone’s €300 million network investment over the last three years. […]
Offshore wind turbines in the North Sea will power around 12,000 Vodafone cellular network towers across Germany under a new deal that the mobile provider struck with German energy firm RWE. Vodafone operates a total of about 26,000 towers in the country. The offshore wind farm, named Kaskasi, is to supply a total of 250 […]
A major Ukrainian mobile operator Lifecell has filed a lawsuit with the Kyiv Commercial Court against another big player on the market, Vodafone Ukraine, seeking to force it to stop providing the Mobile Number Portability (MNP) service, according to the court’s decision on Jan. 16. Lifecell says that the service contradicts current legislation, violates the […]
PARIS/LONDON (Reuters) -Iliad said on Monday it had submitted a proposal to Vodafone to merge their Italian businesses, adding the project had the unanimous support of its board of directors. “The merged business would be expected to generate revenues of around 5.8 billion euros ($6.34 billion) and EBITDA of approximately 1.6 billion euros for financial […]