BT Group brings in bankers as it looks to sell off troubled Italian business
According to the Telegraph, BT wants to sell off the division as part of its plan to simplify and modernise its business
Company
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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According to the Telegraph, BT wants to sell off the division as part of its plan to simplify and modernise its business
Hardware & electrical equipment
Following in the footsteps of BT's EE unit, Vodafone has announced the latest phase of what it calls its campaign to deliver "a Gigabit society for all"
The meteoric debut of payments handler Adyen in its first day of trading has led many to compare it to the same frantic speculation that pervaded the tech sector in the late 1990s
The UK's premier share index closed down 7.97 points, or 0.10% at 7,704
Investments and investor services
One City broker expects CMC to reveal a 22% jump in pre-tax profit in its results tomorrow.
BT owns the UK's national telecom and broadband network through Openreach, a legally separate division that is used by the firm and its rivals to provide services to consumers
Archive
Both the US and UK are heading towards a three-day weekend and, to be honest, it kind of feels like the break has already begun...
Openreach plans to replace the UK’s ageing copper lines with fibre optic cables to bring faster broadband to three million premises by 2020
Citi downgraded Vodafone to a ‘neutral’ rating, sending shares in the company lower
Some investors have asked whether BT's chief executive can survive as he tackles such challenges as regulation, pensions and tough competition
Vodafone returned to a profit in fiscal year 2018 but revenues declined 2.2%
Investments and investor services
Around 3.20pm, the UK blue-chip index was up 17 points to 7,728
Archive
As well as easyJet, updates are expected from big names such as Vodafone, Land Securities and Hargreaves Lansdown.
FTSE 250 fared better though closing ahead by around 15 points at 20,800.
In a previous announcement, Vodafone said it would merge its Indian mobile tower joint venture with a local rival to become the world’s second largest tower mobile company
Hardware & electrical equipment
If BT's handsome divi is supporting the BT share price, how come it has lost more than a third of its value since Gavin Patterson took over in 2013?
Deutsche Telekom shares fell back on the news as its hegemony looks to be threatened, and some analysts suggested regulators may have concerns over the deal
Vodafone's European business will extend to 54mln cable/fibre homes 'on-net' and a total reach of 110mln homes and businesses, including wholesale arrangements
The agreement will include a live broadcast segment, ‘The Vodafone View’, content and advertising distribution, as well as branding and activation at series events
Resource stocks suffer as US dollar makes headway on forex markets