Vodafone Share Discussion Threads

[diku] 22/7/2024 08:12

Banks doing buybacks their share prices going up...VOD doing buybacks it is stuck at multi year lows...

[onehanded] 22/7/2024 07:37

Looks like £1 target is on. Should start to attract the big player to buy. Watching and buying on any dip.

[the grumpy old men] 22/7/2024 07:31

Vodafone Group Plc Vodafone sells further 10% in Vantage for €1.3bn
22/07/2024 7:00am
RNS Regulatory News

RNS Number : 1832X
Vodafone Group Plc
22 July 2024


22 JULY 2024


Vodafone sells further 10% in Vantage Towers for €1.3bn



Vodafone Group Plc ("Vodafone") announces the sale of a further 10% stake in Oak Holdings GmbH1 ("Oak Holdings") - the partnership that co-controls Vantage Towers - for €1.3 billion. This further sale achieves the 50:50 joint ownership structure with the consortium of long-term infrastructure investors led by Global Infrastructure Partners and KKR that was envisaged when the co-control partnership was first announced.

Vodafone will receive €1.3 billion from the sale of this equity stake, which has been sold at €32 per share, the same price as the initial transaction, announced 9 November 2022. This takes the total net proceeds to Vodafone from the sell down in Vantage Towers to €6.6 billion. Proceeds from this sale will be used for deleveraging and will reduce Net Debt/Adjusted EBITDAaL by 0.1x, which is in line with Vodafone's target of operating in the lower half of its 2.25x - 2.75x leverage range.



- ends -

[waldron] 22/7/2024 07:11

dplewis1
22 Jul '24 - 07:06 - 3528 of 3528
0 1 1


LSE not currently available at present due to microsoft hiccup possibly

[laurence llewelyn binliner] 22/7/2024 07:08

More deleveraging from a further 10% sale of the vantage towers business reported..

[dplewis1] 22/7/2024 07:06

hTTps://www.londonstockexchange.com/news-article/VOD/vodafone-sells-further-10-in-vantage-for-eu1-3bn/16578121

[jubberjim] 19/7/2024 19:21

This measure from ofcom regarding increasing prices in line with inflation seems to have been absorbed or blithely ignored .

And I have not seen any impact this far

Positive sign I think

Famous last words

[isis] 19/7/2024 14:08

BT & VOD both trading updates next Thursday as well as loads of others. Busy Week ahead.

[diku] 19/7/2024 14:01

Chart looks good...break 73p and not go below 69p...

[isis] 19/7/2024 13:59

Unfortunately I sold some BT to buy VOD just before Fat Man Slim bought 3% BT I'm hoping VOD can make amends on this. :)

[diku] 19/7/2024 13:54

If ever there were stats out there as to which share spends most time intraday below flatline (negative) it would be VOD...

[isis] 19/7/2024 13:37

This is in the same rut BT were a few months ago with Bots and Hedgies controlling it. Needs something to breakout and get out of the 70s Fingers crossed for positive trading statement.

[gurunostradamus] 19/7/2024 12:29

Time will most definitely turn this around, meantime just sit on your hands and take the 5% dividend.

[davius] 19/7/2024 09:22

We're almost at the 12 months anniversary since the board awarded themselves £39.2m in share bonuses.

They are down a collective £2.93m in that time.

The CEO, is down £600K, though loose change for her after an £8m share award. The shares have fallen 26% since she became CEO.

And thus far, Luka's confidence has proven rather misplaced too, he's down £10K on his recent purchase.

What can possibly turn this around?

[socionomics] 19/7/2024 07:47

Vodafone Business to extend unified communications platform to more than 30 countries globally

[diku] 18/7/2024 20:02

CURYman...as soon as you posted down it went...

[philanderer] 18/7/2024 17:19

Blackrock dumping, but somebody's bought them I suppose.

[blackhorse23] 18/7/2024 15:25

Should surge now , looking good here

[ariane] 18/7/2024 14:58

Vodafone reaches job cuts agreement with union in Spain

Some jobs will go, but not as many as first feared

July 18, 2024

By
Paul Lipscombe



Zegona, the new owner of Vodafone Spain, has reached an agreement with the Spanish trade union Unión General de Trabajadores (UGT) over planned job cuts at the telco.

As reported by ABC Economy, there will still be job cuts at the carrier but around 25 percent less than initially proposed.


An agreement has been reached to terminate the employment of 898 workers at the telco. It had initially been expected that 1,200 people would lose their jobs.

"By a very large majority (1,821 votes in favor of the agreement versus 468 against), the Vodafone Spain workforce has chosen to accept the latest offer presented and, consequently, tomorrow UGT will sign the agreement that sets the conditions for the collective dismissal process presented by the company," the union said.

It's reported that the redundancy package for those impacted provides for compensation of between 33 and 45 days salary per year worked, with a limit of 24 monthly payments for the affected staff.

Zegona has also committed to not carry out any further collective dismissals until December 31, 2025.

Zegona, which was founded in 2015 by former Virgin Media executives Eamonn O'Hare and Robert Samuelson, finalized its €5 billion ($5.4bn) acquisition of Vodafone's Spanish unit at the end of May.

Shortly after taking over, the company announced plans to reduce its headcount by a third at Spain's third-largest mobile operator with around 13.5 million mobile customers in the country.

Vodafone stated that the cuts need to be made for "economic, productive, and organizational reasons" to ensure the company's future viability.

The plans were slammed by UGT, which threatened the company with regular strike action this month.

[socionomics] 18/7/2024 14:21

Curryman knows FA. He makes Joe Sheedy look like Warren Buffett.

[diku] 18/7/2024 14:20

But only if CURYman says so...

[socionomics] 18/7/2024 12:48

It's gonna go!

[socionomics] 18/7/2024 11:59

Should pop a couple of p this afternoon. Coming out of a sym-triangle.

[diku] 18/7/2024 08:28

Is that price at influx point...sma50 crossed the sma200?...

[diku] 18/7/2024 08:27

Hope not but VOD trade mark...tends to go down on earnings date...