|Bid||489.60 x 0|
|Ask||437.00 x 0|
|Day's Range||459.00 - 466.60|
|52 Week Range||459.00 - 466.60|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
(Bloomberg) -- Vodafone Group Plc switched on the U.K.’s second 5G wireless network on Wednesday, kicking off a commercial battle with dominant rival EE that could shape a decade of sales.The technology’s faster download speeds and more reliable connections give the first movers an opportunity to snatch a bigger share of a saturated market. Back in 2012, EE -- now owned by BT Group Plc -- launched 4G services almost a year ahead of the pack, an edge that cemented its position as the U.K.’s largest mobile carrier.Vodafone isn’t making the same mistake again. Its 5G service went live in seven cities just a month after EE’s launch, giving both companies a chance to grab business with early adopters. Britain’s other two mobile networks -- CK Hutchison Holdings Ltd.’s Three U.K. and Telefonica SA’s O2 -- aim to offer 5G by the end of the year.Britain’s mobile price war looks set to continue in the 5G era: Vodafone said Wednesday it would set prices according to connection speed rather than the amount of data consumed, and won’t charge a premium for 5G.“We’ve decided it’s time for the U.K. to be unlimited,” said Vodafone’s consumer director Max Taylor.The stakes are arguably higher now than when 4G was launched. Europe’s phone industry has been stagnating for several years, partly because handsets have become more expensive and offer fewer appealing features with each upgrade. That’s dampened an important source of revenue for the network operators. 5G marks a rare boost in power and speed.“5G is a massive opportunity for the smartphone sales business of operators like Vodafone,” said Canalys analyst Ben Stanton by email. “For the first time in a decade, customers will be compelled to upgrade both their device and their tariff at the same time.”EE has plastered 5G ads across big cities and enlisted rap star Stormzy in its biggest ever marketing effort, a spokesman said. It offered 5G connections at the five-day Glastonbury music festival, where Instagram-happy smartphone users gobbled up 104 terabytes of data, 1,000 times more than at the same event in 2010, according to EE.5G gives Vodafone a chance to reset its brand after a period of intense customer complaints and cancellations that peaked in 2015, said Ben Wood, an analyst at CCS Insight. Vodafone poached Taylor in March from EE, where he was head of marketing.“If you can associate your network brand with being the best for 5G then that’s going to be a big leg-up on your rivals,” said Wood.Huawei RisksEE and Vodafone aim to reach more than 15 urban centers by year end. The networks can handle far more data than 4G and could end up being 100 times faster, pushing down operating costs.Yet the commercial opportunity is still clouded in uncertainty.All the U.K. carriers are rolling out hundreds of 5G radio antennas supplied by Huawei Technologies Co., before the government has decided whether to restrict the Chinese vendor over concerns that its 5G systems are vulnerable to espionage or disruption. If it does, the companies could have to replace Huawei gear with equipment from alternative suppliers.The U.K. is the biggest European market so far to offer competing 5G services. Two Swiss networks, Sunrise Communications Group AG and Swisscom AG, began theirs earlier this year.(Updates first paragraph with network going live, adds detail on pricing.)\--With assistance from Nate Lanxon.To contact the reporter on this story: Thomas Seal in London at email@example.comTo contact the editors responsible for this story: Rebecca Penty at firstname.lastname@example.org, Thomas PfeifferFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The mobile operator Vodafone Group Plc followed suit. It’s telling too that of those five pioneering 5G countries – which include the U.S., China, Switzerland and South Korea – Britain is the one you’d expect to be most neutral about whether or not to sell Huawei handsets. Switzerland’s Swisscom AG has already started offering 5G phones from another Chinese company, Oppo.
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Sunrise said earlier on Thursday that it had agreed to buy UPC Switzerland from John Malone's Liberty Global and that it would finance the transaction with a $4.1 billion rights issue. The acquisition will bolster Sunrise's position against Switzerland's dominant mobile and internet provider Swisscom and comes as Malone is cashing out of some of his European investments. In a potential obstacle, however, Freenet, which owns a nearly 25 percent stake in Sunrise, said it would not participate in the rights issue, arguing that it saddles existing investors with all the risk.
Liberty Global is the vehicle of U.S. cable pioneer John Malone, who is cashing out of some of his European investments. Sunrise shares fell as much as 13 percent after the company said on Thursday it had agreed to purchase Liberty's UPC Switzerland as it said it would be accompanied by a 4.1 billion Swiss franc ($4.1 billion) rights issue. Sunrise said it will pay Liberty Global around 2.7 billion francs in cash and assume 3.6 billion Swiss francs of UPC's debt.
The purchase of Liberty's UPC Switzerland, to be accompanied by a 4.1 billion francs rights issue, bolsters Sunrise's position as Switzerland's second largest telecoms company, and follows Liberty Global's sale of its Austrian business to T-Mobile Austria last year. Sunrise will pay Liberty Global 2.6 billion Swiss francs in cash, and assume 3.6 billion Swiss francs of UPC's debt, the company said in a statement.
Swiss telecom company Swisscom cannot be forced to block access to foreign internet sites that illegally make films available, the highest Swiss court said on Wednesday, ending a three-year-old copyright case brought by a local film company. The Swiss Supreme Court dismissed the complaint of the company, Zurich-based Praesens-Film, that owns the Swiss rights for numerous films and had demanded Swisscom deploy technology to block downloads or streaming access. The decision, which confirms a lower-court ruling, concluded that in order for Swisscom to be forced to block the sites in question, it would have to be a participant in the copyright infringement.
Switzerland's Federal Communications Commission (ComCom) has retroactively cut some regulated prices that Swisscom charges rivals, the agency said on Tuesday after concluding that some of its prices were too high. "Responding to requests from Sunrise and Salt, the Federal Communications Commission has reviewed the prices charged for the regulated telecoms services offered by Swisscom. In many cases, these prices have been reduced with retroactive effect for the 2013–2016 period," it said in a statement.
Swisscom, Sunrise and Salt have paid a relatively modest 380 million Swiss francs (292 million pounds) for fifth-generation wireless frequencies that will tighten their grip on the Swiss mobile market. The three were able to secure an attractively priced deal after a fourth company, London-based newcomer Dense Air, dropped out of the process, auction results showed on Friday. The exit of Dense Air -- part of the Airspan Group that hosts 4G and 5G mobile phone networks in Europe, Australia and New Zealand -- also removes a potential rival for the three companies in the already crowded Swiss mobile market.
Swisscom said it faced "fierce" competition with global internet companies while reporting 2018 net profit that matched expectations amid looming market consolidation in Switzerland. The internet, mobile phone and digital television provider reported net profit down 3 percent to 1.52 billion Swiss francs (£1.2 billion), matching estimates in an Infront Data poll. The company, which is 51 percent owned by the Swiss government, proposed paying an unchanged dividend of 22 francs per share, in line with its previous guidance.
ZURICH (Reuters) - Swisscom is well placed to handle the fallout from potential merger activity that will sharpen competition in Switzerland's telecommunications market, Chief Executive Urs Schaeppi said ...
Analysts have said a tie-up makes sense, given that Sunrise and UPC's fixed and mobile services would make the combined entity a stronger rival to the dominance of state-controlled Swisscom. "We also see 1-2 billion Swiss francs ($1 billion to $2 billion) of potential synergies," Barclays analysts said.
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