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Vodafone CEO seeks return to growth in 18 to 24 months

2014-09-24 09:04:00| Telecompaper Headlines

(Telecompaper) Vodafone UK CEO Jeroen Hoencamp told reporters at a dinner in London that he has set a target of returning the operator back to profit and revenue growth in 18 to 24 months, Bloomberg reports. The difficulty is the UK's highly subsidised, heavily regulated market and high penetration level, he said. Hoencamp sees improving service quality as the key to meeting the growth objective, saying "Nothing else matters if we don't focus on network. It was the one message that came through loud and clear from our customers." Vodafone is winning fewer customers than rivals O2 and EE. It came in last amongst major UK mobile carriers for call quality in the first half, according to Root Metrics. Vodafone UK is investing GBP 19 billion in its network over two years, through its Project Spring programme, building up its TV and broadband services to add to its mobile plans. Hoencamp said the UK wasn't ready for bundles of TV, web and mobile services, adding that his focus was on offering bundled services to enterprise customers, where there is clear demand.

Tags: to return months growth

 

Administrator accepts Vodafone offer for 140 Phones 4u shops

2014-09-22 08:21:00| Telecompaper Headlines

(Telecompaper) Vodafone UK has confirmed that it was approached by the Phones 4u administrator and decided to make an offer to buy 140 of the latter's stores to accelerate its retail expansion programme and save hundreds of jobs. The operator said its offer was accepted by the administrator. Approximately 900 former employees of Phones 4u will keep their jobs and join Vodafone's retail business. Subject to court approval, Vodafone will start engaging with the employees and start rebranding the stores to Vodafone as soon as possible. Separately, the Sunday Times reports without citing sources that EE is in talks with the administrator to buy more than 4u stores.

Tags: offer shops phones administrator

 
 

EE, Vodafone acquire Phones 4U stores

2014-09-22 02:00:00| Total Telecom industry news

After accusations of collusion from retailer's founder, telcos step in to buy U.K. retail outlets.

Tags: stores phones acquire vodafone

 

Espirito Santo Investment Bank Research Raises Vodafone Group plc Price Target to GBX 168

2014-09-17 16:01:34| Telecom - Topix.net

The firm currently has a "sell" rating on the stock. Espirito Santo Investment Bank Research's price objective suggests a potential downside of 16.56% from the stock's previous close.

Tags: price group research bank

 

Vodafone and EE 'in Phones 4U talks'

2014-09-17 13:39:38| BBC News | Business | UK Edition

Mobile phone network operators Vodafone and EE are in discussions to buy parts of stricken retailer Phone 4U, sources say.

Tags: phones talks vodafone

 

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