Vodafone ticks up as Italian arm snaps up spectrum for €2.4bn to develop 5G coverage
The FTSE 100 telecoms firm said the spectrum included a range of 3700 megahertz, which would be immediately available to rapidly develop 5G services
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LON:VOD
Vodafone Group PLC is a mobile telecommunications company, with a significant presence in Europe, the Middle East, Africa, Asia Pacific and the United States.
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The FTSE 100 telecoms firm said the spectrum included a range of 3700 megahertz, which would be immediately available to rapidly develop 5G services
Ofcom said it had found errors in the coverage data provided by Vodafone and EE relating to 4G and 3G mobile coverage
New business from the likes of Vodafone and GSK and a strong contribution from The Corner, which it acquired in December, meant revenues jumped 70% in the first half
Investments and investor services
Ahead of half-yearly results, due in November, Credit Suisse believes a reiteration of guidance would be positive for the telecom's share price
The luxury carmaker said it would appoint Penny Hughes, who has previously worked at FTSE 100 firms including RBS, Vodafone, and Morrison's when it floats
Analyst Georgios Ierodiaconou acknowledges that there are issues for Vodafone, particularly overseas, but reckons there are enough positives for investors to take a chance on the stock
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The combined business will be renamed Vodafone Idea Ltd and will remain listed in India
Vodafone said the merged company will be a more capable challenger to Telstra and Optus and will be much better placed to invest in mobile and fixed line services
In the currency markets, the pound is down 30% against the US dollar, while the pound is up 0.26% against the Euro..
In London, FTSE 100 added over 38 points to finish at 7,701 - that was up on the week too, marginally - by 0.29%.
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Jefferies reckons the key focus for BT's quarterly results will be on the business and public sector division following a poor performance last year
Vodafone continues to expect full-year underlying organic adjusted earnings (EBITDA) growth of 1-5%
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Among Wednesday's names are ITV, GlaxoSmithKline, Indivior, and Tullow Oil
UBS maintained a ‘buy’ rating on Vodafone but lowered its target price to 250p from 255p, saying it thinks the shares are “too cheap”
Hardware & electrical equipment
The major appeal of Vodafone is its dividend but Kepler thinks there are better picks in the sector, namely Orange, Telia and KPN
Fiona Cincotta, senior market analyst at City Index, said the UK was now at a crossroads..
Because shares have fallen over the past few weeks, Numis reckons the stock is now just a ‘reduce’, but it has a lot of issues with TalkTalk: namely the collapse of the B2B unit sale and rivals starting to compete better on price
A look at some of the top risers and fallers in London on Tuesday
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