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Tag: vodafone
Vodafone ups offer for Ono in preliminary deal - report
2014-03-10 09:16:00| Telecompaper Headlines
(Telecompaper) Vodafone has raised its offer for Spanish cable operator Ono to EUR 7 billion including debt and has reached a preliminary agreement to buy the company, reports Reuters citing unnamed sources close to the matter. Ono is said to have opened its books to allow Vodafone to initiate an accelerated due diligence process ahead of its shareholders meeting on 13 March. However, until Vodafone makes a firm offer to all shareholders, Ono intends to continue working on alternative plans for an IPO, which is due to be formally presented at next week's meeting. The Spanish operator previously rebuffed offers of EUR 6 billion and EUR 6.5 billion as too low and the sources suggest that Vodafone's revised bid will have to be substantially higher to persuade Ono's shareholders to drop the flotation. In fact, according to one of the sources, an offer would have to be in line with recent cable deals in the Netherlands, where Liberty Global agreed to pay 11.3 times EBITDA for Dutch rival Ziggo, and Germany, where Vodafone paid 11.9 times EBITDA for Kabel Deutschland. Ono's EBITDA for 2012 was EUR 752 million, so applying an 11 times multiple on it would translate to a Vodafone bid of around EUR 8.2 billion.
Huawei wins 5-yr RAN contract under Vodafone Project Spring
2014-03-06 12:30:00| Telecompaper Headlines
(Telecompaper) Huawei announced that it has been awarded a five-year agreement by Vodafone to expand the mobile operator's use of the SingleRAN platform, as part of its Project Spring investment programme. Under the contract, Huawei will deliver a number of network enhancement projects including both products and services for Vodafone radio access networks in 15 countries, including the UK, Germany, Italy, Spain, Romania, Czech Republic, Hungary, Greece, Turkey, Egypt, South Africa, Mozambique, Lesotho, DRC and Ghana. The projects use Huawei's SingleRAN platform and beam-forming Active Antenna System to expand and strengthen Vodafone's mobile coverage. Ericsson and Nokia Solutions and Networks announced earlier similar five-year contracts for Vodafone's radio networks.
Tags: project
spring
contract
ran
Fitch negative on Vodafone outlook
2014-03-04 01:00:00| Total Telecom industry news
Ratings provider maintains operator's A- rating but warns of limited visibility of Project Spring ROI.
Tags: negative
outlook
vodafone
fitch
Vodafone Group plc's "Buy" Rating Reaffirmed at Deutsche Bank
2014-03-02 10:32:22| Telecom - Topix.net
's stock had its "buy" rating restated by analysts at Deutsche Bank in a research report issued to clients and investors on Thursday, ARN reports.
Telecoms M&A on the up and Vodafone still on the table - analyst
2014-02-28 01:00:00| Total Telecom industry news
Goldman Sachs analyst predicts a number of companies could look to build scale by buying Vodafone as likelihood of out-of-market consolidation grows.
Tags: the
table
analyst
vodafone
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