Wednesday, December 18

Tag: VOD.LN

Vodafone Shares Rise After Iliad Group Proposes Merger of Italian Operations
18Dec By adminNo Comments
World

Vodafone Shares Rise After Iliad Group Proposes Merger of Italian Operations

Updated Dec. 18, 2023 3:59 am ETShares of Vodafone Group rose 4.6% after Iliad Group said that it has put forward a proposal to the company to merge their Italian businesses in a deal that values Vodafone Italia at 10.45 billion euros ($11.38 billion).The European telecom company said Monday that it is planning to create a new company jointly owned with Vodafone that will combine their Italian businesses.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Vodafone Group Posts Lower Pretax Profit on Previous Business Disposals
14Nov By adminNo Comments
World

Vodafone Group Posts Lower Pretax Profit on Previous Business Disposals

Vodafone Group has reiterated its full-year guidance as it reported a much lower pretax profit for the first half of fiscal 2024, reflecting adverse foreign-exchange rate movements and business disposals in the prior year.The U.K. telecommunications company said Tuesday that it expects to report underlying earnings before interest, taxes, depreciation, amortization and lease expenses of 13.3 billion euros ($14.23 billion) for the year ending March 31 compared with EUR14.7 billion in fiscal 2023. Adjusted free cash is seen at around EUR3.3 billion, from EUR4.84 billion.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Vodafone to Sell Spanish Unit to Zegona Communications for Around $5.3 Bln
31Oct By adminNo Comments
World

Vodafone to Sell Spanish Unit to Zegona Communications for Around $5.3 Bln

Updated Oct. 31, 2023 4:07 am ETVodafone Group has agreed to sell its Spanish unit to European telecommunications investment company Zegona Communications for an enterprise value of around 5 billion euros ($5.31 billion).The U.K.-based telecommunications group on Tuesday said the deal is for 100% of Vodafone Spain.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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