All articles tagged with #vodafone
Originally Published 4 months ago — by The Verge
Vodafone has used generative AI to create a virtual presenter in a recent ad, highlighting the growing trend of AI-generated content in advertising and the rise of fake influencers like Lil’ Miquela, reflecting AI's increasing role in marketing and media.
Originally Published 1 year ago — by CNBC
The UK's Competition and Markets Authority has approved the $19 billion merger between Vodafone and Three, subject to conditions including significant investment in a 5G network and capping certain mobile tariffs. The merger will create a new market leader with 29 million customers, with Vodafone holding a 51% stake. The deal, expected to complete by 2025, aims to boost competition and improve network infrastructure, though its full benefits may take years to materialize.
Originally Published 1 year ago — by Yahoo Finance
Vodafone Group Plc has finalized an €8 billion deal to sell its Italian business to Swisscom AG, completing CEO Margherita Della Valle’s European transformation plans. The deal is expected to shake up the fiercely competitive Italian market and promises to generate solid synergies for investors. Vodafone plans to use the proceeds from this and a recent Spanish unit sale to buy back €4 billion in stock. The combined Fastweb and Vodafone Italia will be a formidable competitor for enterprise services, posing a challenge for Telecom Italia SpA.
Originally Published 1 year ago — by CNBC
Jim Cramer advises against investing in Surgery Partners due to the volatility of the industry, recommends buying Energy Transfer, expresses uncertainty about DigitalOcean's stock performance, discourages investing in Vodafone while suggesting Verizon instead, and acknowledges CRISPR Therapeutics' potential but cautions against its current financial situation. He also notes that MP Materials' stock has been stagnant but does not oppose it.
Originally Published 2 years ago — by SamMobile - Samsung news
AT&T, Google, and Vodafone are investing in AST SpaceMobile, a company developing a cellular network using satellites in low Earth orbit to provide smartphone connectivity, posing competition to SpaceX's Starlink. Vodafone and AT&T have placed purchase orders for network equipment, while Google and AST SpaceMobile will collaborate on product development for Android devices. AST SpaceMobile has successfully tested satellite-to-smartphone voice calls, video calls, and data downloads over 4G and 5G networks using a Samsung Galaxy S22.
Originally Published 2 years ago — by Reuters
Vodafone has entered a 10-year partnership with Microsoft, investing $1.5 billion to bring AI, digital, enterprise, and cloud services to over 300 million customers in Europe and Africa. The deal includes utilizing Microsoft's Azure OpenAI and Copilot technologies, transitioning to Azure cloud services, and Microsoft becoming an equity investor in Vodafone's managed IoT platform. Vodafone's CEO sees this as an opportunity to accelerate digital transformation for business customers, particularly small and medium-sized companies, with Microsoft's AI capabilities enhancing customer service and IoT assets addressing sustainability needs.
Originally Published 2 years ago — by Microsoft
Vodafone and Microsoft have entered into a 10-year strategic partnership to bring generative AI, digital services, and cloud capabilities to over 300 million businesses and consumers across Europe and Africa. The collaboration aims to transform Vodafone's customer experience using Microsoft's generative AI, scale Vodafone's IoT business, expand M-Pesa for financial inclusion in Africa, grow enterprise business with new Microsoft services for SMEs, and accelerate digital transformation through virtual data center migration to Microsoft Azure. The partnership will also involve significant investments from both companies and focus on leveraging the latest AI technology to provide personalized customer experiences while maintaining ethical privacy and security policies.
Originally Published 2 years ago — by Reuters
French telecommunications company Iliad has proposed a merger with Vodafone's Italian unit, aiming to combine its growing consumer base with Vodafone's strength in the business sector. Vodafone is currently reviewing options for its Italian operations and is also exploring a potential deal with Swisscom's Fastweb unit. The Italian market is facing shrinking revenue and margins, prompting operators to consider consolidation. Under Iliad's proposal, Vodafone would receive €6.5 billion in cash and a 50% stake, while Iliad would receive €500 million and an identical shareholder loan. The potential synergies offered by Iliad are seen as higher, but a tie-up with Fastweb would face fewer regulatory hurdles.
Originally Published 2 years ago — by Reuters
Vodafone has agreed to sell its Spanish business to Zegona Communications for €5 billion ($5.3 billion) as part of CEO Margherita Della Valle's efforts to revamp the company. The sale will allow Vodafone to focus its resources on markets with sustainable structures and sufficient local scale. The deal includes €4.1 billion in cash and €900 million in financing. Vodafone has struggled to grow in the highly competitive Spanish market, and this transaction is part of the company's plan to streamline its assets. Zegona, a British company, will fund the deal through new debt, Vodafone financing, and an equity raise.
Originally Published 2 years ago — by Reuters
Vodafone has announced a partnership with Amazon's Project Kuiper to expand the reach of its 4G and 5G networks in Europe and Africa. The collaboration will utilize Project Kuiper's high-bandwidth, low-latency satellites to connect mobile base stations in remote areas, eliminating the need for fiber-based or fixed wireless links. The partnership aims to provide high-speed broadband services to underserved communities and businesses, such as back-up connections. This move complements Vodafone's existing work with AST SpaceMobile to develop a space-based mobile network.
Originally Published 2 years ago — by 9to5Google
Vodafone and Three have announced a merger that will create "one of Europe's leading 5G networks" and bring "a better network experience with greater coverage and reliability at no extra cost" to UK consumers. The merged company will see Vodafone owning 51%, where Three's parent company CK Hutchison Group Telecom Holdings Limited would own 49%. The deal is expected to face scrutiny from the UK's Competition and Market Authority.
Originally Published 2 years ago — by CNBC
Toyota's shares rose 5% after shareholders re-elected chairman Akio Toyoda to the board. Logitech's shares fell over 10% after CEO Bracken Darrell announced his departure. Vodafone's shares added nearly 3% after agreeing to merge their UK businesses with CK Hutchison. AMD's shares gained 3% after announcing the shipment of its most advanced GPU for artificial intelligence. United Health's shares fell nearly 6% after the company's CFO reported elevated volumes of non-urgent surgeries in Q2.
Originally Published 2 years ago — by CNBC
Vodafone and CK Hutchison have agreed to merge their UK businesses, with Vodafone owning 51% of the combined business and CK Hutchison holding the minority stake. The new company will invest £11 billion in the UK over 10 years to create one of Europe's most advanced standalone 5G networks. The merger is expected to finalize before the end of 2024 and is subject to regulatory and shareholder approvals.
Originally Published 2 years ago — by BBC
Vodafone will cut 11,000 jobs over the next three years, which is around a tenth of its global workforce, as the new CEO, Margherita Della Valle, sets out her plans to "simplify" the telecoms giant. The cuts will affect its UK headquarters and other countries. Vodafone has struggled with higher energy bills, weaker sales in Germany, Italy and Spain, and falling customer satisfaction levels. The company has already outlined plans to cut jobs in some areas.
Originally Published 2 years ago — by CNN
Vodafone plans to cut 11,000 jobs over three years as part of a turnaround plan to revive its fortunes following years of poor performance. The job cuts would affect the firm’s UK headquarters and operations in other countries. Vodafone CEO Margherita Della Valle said the company would simplify its organisation to regain competitiveness. The strategic overhaul comes as Vodafone’s results showed revenue for the year to March grew by just 0.3% to €45.7bn ($49.8bn).