|Bid||28.84 x 1200|
|Ask||28.85 x 800|
|Day's Range||28.47 - 29.11|
|52 Week Range||28.00 - 39.73|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 6, 2018 - Aug 10, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||41.85|
Mike Fries CEO of Liberty Global discusses factors affecting the the Vodafone deal including regulation, technology, and shareholder returns.
May.09 -- Bloomberg's Benedikt Kammel discusses the Vodafone-Liberty deal. He speaks with David Westin on "Bloomberg Daybreak: Americas."
British broadband company TalkTalk (TALK.L) added a record number of customers in its fourth quarter, although the cost of winning those customers with cheaper deals along with its ongoing restructuring saw full-year profits fall 35 percent on Thursday. Chief Executive Tristia Harrison and company founder Charles Dunstone reset TalkTalk's strategy a year ago, prioritising customer growth above all else. TalkTalk had been losing customers after it was hit by a high profile cyber attack in late 2015, while its position as a value player had slipped in an increasingly competitive market, where bigger and better funded players like BT (BT.L), Virgin Media (LBTY.O) and Sky (SKYB.L), were increasingly offering bundles of services.
The telecom giant achieved strong growth in its other markets, but it's far from done repairing all the infrastructure damaged by the 2017 hurricanes.
Bill Gates disclosed in a regulatory filing Friday that he controls a 5% stake in the class A shares of TV and broadband company Liberty Global (LBTYA) as of May 8. Gates's Cascade Investment, L.L.C. owns 8.7 million class A shares of Liberty Global, a 4% stake, and the Bill & Melinda Gates Foundation Trust owns another 2.1 million of the shares. The trust has owned 2.1 million class A Liberty Global shares since at least June 30, 2011, according to Securities and Exchange Commission records, Barron's has found.
The following are the top stories on the business pages of British newspapers. The owner of Carluccio's, Dubai-based Landmark Group, has promised to pump 10 million pounds ($13.52 million) of new investment into the restaurant chain if a company voluntary arrangement is approved. Senior staff from the Big Four accounting firms have been shunned by John Kingman as he hires experts to advise him on his review into the future of the accounting regulator.
Britain's biggest telecoms company BT aims to reinvigorate its unloved brand by combining the strengths of its fixed-line and mobile networks, it said on Wednesday, to jump-start a stalled turnaround under its embattled CEO. Gavin Patterson's efforts to transform BT into a modern communications provider have been undermined by regulatory issues, pensions and accounting fraud, which have led to investor disquiet as its share price tumbled to five-year lows. On Wednesday it set out a new strategy from consumer boss Marc Allera to offer seamless services such as supercharged broadband to provide customers with faster speeds and a hub offering the best TV content to counter BT's image of a former telecoms monopoly dogged by bad customer service.
Vittorio Colao, the current CEO of Vodafone Group Plc, will be leaving the role behind come October 1, 2018. “Nick has been the co-architect of the Group’s strategy together with Vittorio, combining extensive international operational and commercial leadership with world-class financial acumen,” Gerard Kleisterlee, Chairman of Vodagone Group Plc, said in a statement. Vodafone Group Plc says that Read was chosen as the successor to Colao following an extensive search for a replacement CEO.
Vodafone Group Plc’s choice of Nick Read as its next chief executive officer suggests the board is looking for more of the same for one of the biggest jobs in European telecoms. Read, a long-time deputy of current CEO Vittorio Colao, will take over in October after four years as CFO and having previously run Vodafone’s emerging markets and U.K. divisions. An accountant by training, Read joined Vodafone in 2001 following senior finance roles at UBM Plc and FedEx Corp.
back in 2008, it was a mobile phone operator pinning its hopes on the new BlackBerry Storm handset — a device that had no WiFi connectivity and required users to master a revolutionary “popple dome” screen, which functioned as a giant button. Thankfully, Mr Colao has since provided a much needed upgrade, a cleaner design and more effective City communications — for the company, as well as for 556m customers. Upgrading the business involved turning a consumer-focused 3G, or even 2G, network operator into a converged broadband, TV and telecoms provider.
Vodafone Group Plc Chief Executive Officer Vittorio Colao is leaving after a decade of retreating from aggressive global growth in favor of the European market, handing the reins to company veteran Nick Read. Vodafone made the surprise announcement as it reported earnings and predicted potentially slower growth ahead on competitive pressures in Italy and Spain, causing the stock to drop the most since February. The Italian executive leaves Read to see through Vodafone’s $22-billion agreement last week to acquire cable assets from Liberty Global Plc, which rounds out Colao’s reshaping of the Newbury, England-based company into a predominantly European carrier.
Vodafone Group Plc Chief Executive Officer Vittorio Colao will step down after a decade at the helm in October and be succeeded by Chief Financial Officer Nick Read. The surprise announcement, in financial results released by Vodafone on Tuesday, comes as Colao seeks to close a $22-billion agreement to acquire cable assets in Europe from Liberty Global Plc, which would cap years of reshaping the Newbury, England-based Vodafone as a predominantly European carrier. The Liberty deal, the biggest purchase by Vodafone under the 56-year-old Colao, follows years of on-and-off talks between the two companies.
Continuing subscriber loss negatively impact Liberty's (LBTYA) first-quarter results. However, revenues increased due to robust performance from Germany and Virgin Media.
and bumper share buybacks, worries are emerging among some of the more bearish traders about “peak Europe”. , selling large parts of a European cable empire carefully assembled over the past decade for a price lower than some had expected. had been on the other side, trying to coax Vodafone into selling or merging.
Vodafone will pay more than $21 billion for some European assets of Liberty Global, a deal Liberty Global's CEO says is the start of mobile consolidation in Europe.
A previous version of this story gave incorrect historic data for the FTSE 100. Vodafone strikes nearly $23 billion deal with Liberty GlobalAFP/Vodafone shares are higher in Wednesday’s trade. London’s benchmark for blue-chip stocks pushed higher Wednesday, buoyed largely by shares of oil producers, which rose as crude prices rallied in the wake of the U.S. decision to resume sanctions on Iran.
Deutsche Telekom criticised Vodafone's $21.8 billion deal to buy Liberty Global operations in continental Europe, but the German market leader stopped short of calling for regulators to block it. Instead, CEO Tim Hoettges seized on Wednesday's announcement to argue that regulation of Deutsche Telekom -- which is required to open up its German fixed-line network to third parties at controlled prices -- should be eased. Hoettges had previously said such a deal would be "unacceptable", triggering a public spat with Vodafone CEO Vittorio Colao.
Deutsche Telekom (DTEGn.DE) criticized Vodafone's (VOD.L) $21.8 billion deal to buy Liberty Global (LBTYA.O) operations in continental Europe, but the German market leader stopped short of calling for regulators to block it. Instead, CEO Tim Hoettges seized on Wednesday's announcement to argue that regulation of Deutsche Telekom -- which is required to open up its German fixed-line network to third parties at controlled prices -- should be eased. Hoettges had previously said such a deal would be "unacceptable", triggering a public spat with Vodafone CEO Vittorio Colao.
is taking chips off the table in Europe. The industry trend of “convergence” between fixed and mobile broadband operators is more advanced in Europe than in the U.S., where cost pressures have until recently been more benign. Until now, Liberty Global and Vodafone disagreed on price.
FRANKFURT (Reuters) - Telefonica Deutschland (O2Dn.DE), Germany's third-largest mobile operator, said Vodafone's (VOD.L) proposed $21.7 billion takeover of Liberty Global's (LBTYA.O) European assets would ...
Deutsche Telekom (DTEGn.DE) criticised Vodafone's (VOD.L) $21.8 billion deal to buy Liberty Global (LBTYA.O) operations in continental Europe, but the German market leader stopped short of calling for regulators to block it. Instead, CEO Tim Hoettges seized on Wednesday's announcement to argue that regulation of Deutsche Telekom -- which is required to open up its German fixed-line network to third parties at controlled prices -- should be eased. Hoettges had previously said such a deal would be "unacceptable", triggering a public spat with Vodafone CEO Vittorio Colao.
Months of talks with Vodafone result in transaction; the John Malone company would remain Europe's biggest in cable.