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Vodafone Group PLC (VOD.L)

VOD.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Vodafone Files For Potential Mixed Shelf Offering; Size Not Disclosed
Thursday, 30 Jul 2020 

July 29 (Reuters) - Vodafone Group PLC ::VODAFONE FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

Vodafone Says Vantage Towers On Track For An IPO In Early 2021
Friday, 24 Jul 2020 

July 24 (Reuters) - Vodafone Group Plc ::EUROPEAN TOWER INFRASTRUCTURE LEADER, ON TRACK FOR AN IPO IN EARLY 2021 .ON TRACK FOR AN IPO IN EARLY 2021, TARGETING A PRIME STANDARD LISTING IN FRANKFURT.CREATION OF GREECE'S LEADING TOWER INFRASTRUCTURE COMPANY THROUGH MERGER WITH WIND HELLAS' TOWER ASSETS.  Full Article

MGM Wireless Announces Sales Agreement With Vodafone Hutchison Australia
Tuesday, 30 Jun 2020 

June 30 (Reuters) - MGM Wireless Ltd ::SALES AGREEMENT WITH VODAFONE HUTCHISON AUSTRALIA.AGREEMENT TO SELL SPACETALK IN VODAFONE RETAIL STORES, WITH EARLY AUG LAUNCH TARGETED.  Full Article

Google Considering Buying Stake Of About 5% In Vodafone Idea - FT
Thursday, 28 May 2020 

May 28 (Reuters) - :GOOGLE EXPLORES VODAFONE IDEA STAKE AS PART OF INDIA PUSH - FT.GOOGLE CONSIDERING BUYING STAKE OF ABOUT 5% IN VODAFONE IDEA - FT.  Full Article

BRIEF-Telecom Italia confirms guidance on 2020 EBITDA-capex ratio, 2020-2022 free cash flow
Tuesday, 19 May 2020 

Corrects alert and story to clarify TIM confirms only EBITDA-capex ratio, not EBITDA guidance:ABLE TO CONFIRM 2020 EBITDA-CAPEX RATIO GUIDANCE (NOT EBITDA AND CAPEX GUIDANCE), AS WELL AS 2021-22 GUIDANCE, INCLUDES 2020-22 EQUITY FREE CASH FLOW GUIDANCE.Q1 NET PROFIT AT 591 MILLION EUROS.Q1 GROUP ORGANIC EBITDA DOWN 7.5% TO 1.8 BILLION EUROS VERSUS 1.781 BILLION EUROS IN ANALYST CONSENSUS PROVIDED BY THE COMPANY.IN EXCLUSIVE TALKS WITH ARDIAN-LED CONSORTIUM FOR SALE OF MINORITY STAKE IN HOLDING COMPANY WHICH WILL OWN TIM'S INWIT STAKE.EXCLUSIVE TALKS WITH KKR OVER NETWORK ONGOING.GROUP NET DEBT AFTER LEASE 21.71 BILLION EUROS AT MARCH END VERSUS 21.676 BILLION EUROS IN ANALYST CONSENSUS PROVIDED BY THE COMPANY.Q1 DOMESTIC REVENUE DOWN 11.1% TO 3.11 BILLION EUROS VERSUS 3.18 BILLION EUROS IN ANALYST CONSENSUS PROVIDED BY THE COMPANY.SEES SHORT-TERM DOWNTURN DUE TO CORONAVIRUS EMERGENCY BUT MEDIUM-LONG TERM OUTLOOK IS POSITIVE.HAS SIGNED NEW REVOLVING CREDIT LINE FOR 1.7 BILLION EUROS, WITH INITIAL MATURITY OF 12 MONTHS.HAS PUT IN PLACE ALL THE NECESSARY ACTIONS TO MITIGATE THE EFFECTS OF ECONOMIC SITUATION, INCLUDING CONTAINING COSTS AND INCREASING INVESTMENT EFFICIENCY.DEBT REDUCTION GUIDANCE COULD IMPROVE TO REFLECT INWIT'S ACCELERATED BOOK BUILDING AND POTENTIAL DEAL WITH ARDIAN.TALKS TO ACQUIRE OI'S MOBILE BUSINESS IN BRAZIL CONTINUE.  Full Article

Telecom Italia confirms guidance on 2020 EBITDA, 2020-2022 free cash flow
Monday, 18 May 2020 

May 18 (Reuters) - Telecom Italia says::Q1 NET PROFIT AT 591 MLN EUROS.Q1 GROUP ORGANIC EBITDA DOWN 7.5% TO 1.8 BLN EUROS VERSUS 1.781 BLN EUROS IN ANALYST CONSENSUS PROVIDED BY THE COMPANY.IN EXCLUSIVE TALKS WITH ARDIAN-LED CONSORTIUM FOR SALE OF MINORITY STAKE IN HOLDING COMPANY WHICH WILL OWN TIM'S INWIT STAKE.EXCLUSIVE TALKS WITH KKR OVER NETWORK ONGOING.GROUP NET DEBT AFTER LEASE 21.71 BILLION EUROS AT MARCH END VERSUS 21.676 BILLION EUROS IN ANALYST CONSENSUS PROVIDED BY THE COMPANY.Q1 DOMESTIC REVENUE DOWN 11.1% TO 3.11 BILLION EUROS VERSUS 3.18 BILLION EUROS IN ANALYST CONSENSUS PROVIDED BY THE COMPANY.SEES SHORT-TERM DOWNTURN DUE TO CORONAVIRUS EMERGENCY BUT MEDIUM-LONG TERM OUTLOOK IS POSITIVE.HAS SIGNED NEW REVOLVING CREDIT LINE FOR 1.7 BILLION EUROS, WITH INITIAL MATURITY OF 12 MONTHS.ABLE TO CONFIRM 2020 EBITDA AND CAPITAL EXPENDITURE GUIDANCE, AS WELL AS 2021-22 GUIDANCE, INCLUDING 2020-22 EQUITY FREE CASH FLOW GUIDANCE.HAS PUT IN PLACE ALL THE NECESSARY ACTIONS TO MITIGATE THE EFFECTS OF ECONOMIC SITUATION, INCLUDING CONTAINING COSTS AND INCREASING INVESTMENT EFFICIENCY.DEBT REDUCTION GUIDANCE COULD IMPROVE TO REFLECT INWIT'S ACCELERATED BOOK BUILDING AND POTENTIAL DEAL WITH ARDIAN.TALKS TO ACQUIRE OI'S MOBILE BUSINESS IN BRAZIL CONTINUE.  Full Article

Vodafone Announces Early Redemption Of Notes Under EUR 30 Bln Medium Term Note Programme
Monday, 18 May 2020 

May 18 (Reuters) - Vodafone Group PLC ::VODAFONE - ANNOUNCEMENT OF EARLY REDEMPTION AND RELATED CANCELLATION OF LISTING OF NOTES.VODAFONE - GAVE NOTICE TO HOLDERS OF OUTSTANDING NOTES ISSUED UNDER ITS EUR 30 BILLION EURO MEDIUM TERM NOTE PROGRAMME.VODAFONE - ISSUER REQUESTED UK FCA TO CANCEL LISTING OF ALL OUTSTANDING NOTES ON REDEMPTION DATE PURSUANT TO LR 5.3.1 OF FCA LISTING RULES.  Full Article

Vodafone CEO focused on organic growth in UK after rivals agree to merge
Tuesday, 12 May 2020 

May 12 (Reuters) - Vodafone ::CEO ASKED ABOUT IMPACT OF 02-VIRGIN DEAL, SAYS UK MARKET REMAINS FAVOURABLE TO VODAFONE.CEO SAYS RISK OF NETWORK OVERBUILD IS HIGHER IN THE UK THAN IN GERMANY.CEO SAYS REMAINS FOCUSED ON ORGANIC STRATEGY IN UK.CEO SAYS HAS GOOD HEADROOM ON CASHFLOW GIVEN ECONOMIC OUTLOOK, SO STICKING WITH CURRENT DIVIDEND POLICY.CEO SAYS REMAIN VERY MUCH ON TRACK FOR TOWERS SEPARATION, AIMING FOR FINANCIALS AT HALF YEAR, GOOD POSITION FOR IPO OR OTHER OPTIONS.CEO SAYS INDIA REMAINS IN A CRITICAL POSITION, WILL RETURN TO COURT.  Full Article

CK Hutchison Expects Gain From Dilution Of Attributable Stake In Vodafone Hutchison Australia
Wednesday, 29 Apr 2020 

April 29 (Reuters) - CK Hutchison Holdings Ltd <0001.HK>::GROUP'S SHARE OF HUSKY ENERGY'S 2020 Q1 NET EARNINGS LOSS INCLUDED IN GROUP'S 2020 RESULTS IS ABOUT HK$3.8 BILLION.EXPECTS TO REALISE GAINS FROM DILUTION OF ATTRIBUTABLE INTEREST IN VODAFONE HUTCHISON AUSTRALIA FROM 43.93% TO 22.01%.ESTIMATES GAINS ATTRIBUTABLE TO SHAREHOLDERS ARISING FROM DILUTION TO BE ABOUT HK$7.2 BILLION.IMPACT ON PROFIT ATTRIBUTABLE FROM HUSKY ENERGY Q1 NET LOSS AND OTHER LOSSES EXPECTED TO BE MORE THAN FULLY OFFSET BY VHA MERGER GAINS.VODAFONE HUTCHISON AUSTRALIA WORKING WITH TPG TELECOM WITH AN AIM TO COMPLETE MERGER IN MIDDLE OF YEAR.  Full Article

Telecom Italia Completes Placement Of 4.3% Inwit Stake
Thursday, 23 Apr 2020 

April 23 (Reuters) - Infrastrutture Wireless Italiane SpA ::COMPLETES PLACEMENT OF 41.7 MILLION SHARES OF INWIT, EQUAL TO ABOUT 4.3% STAKE, AT €9.60 PER SHARE.AS RESULT OF TRANSACTION, VODAFONE AND TIM'S OWNERSHIP WILL DECREASE FROM 37.5% EACH TO 33.2%..AS A RESULT OF TRANSACTION, INWIT FREE FLOAT WILL INCREASE BY OVER ONE THIRD.VODAFONE AND TIM INTEND TO RETAIN JOINT CONTROL AND TO HOLD AN EQUAL STAKE IN SHARE CAPITAL OF INWIT.GROSS PROCEEDS TO TIM OF ABOUT €400 MILLION FROM INWIT STAKE PLACEMENT.  Full Article

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Vodafone CEO warns Italy single broadband network could be step back: press

MILAN The head of Vodafone Group said Italy's plan to create a single fast broadband network in which Telecom Italia would hold a majority stake could be a step backwards since it effectively amounted to renationalisation and re-monopolisation.