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TIM, Wind Tre, Vodafone and Fastweb fined EUR 228 mln over 28-day billing collusion
2020-02-03 09:27:00| Telecompaper Headlines
(Telecompaper) Italy's antitrust and competition authority AGCM has fined the operators Telecom Italia (TIM), Wind Tre, Vodafone Italia and Fastweb a total of EUR 228 million following a probe into possible collusion over their controversial 28-day billing practices. The operators were accused of infringing competition rules by collectively agreeing to raise their prices after introducing 28-day billing in 2017, effectively resulting in a 13th monthly bill every year.
Vodafone agrees to sell 55% stake in Egypt unit to STC
2020-01-29 08:53:00| Telecompaper Headlines
(Telecompaper) Vodafone Group has agreed to sell its 55 percent stake in Saudi Telecom Company (STC) for USD 2.39 billion cash. This gives the mobile operator co-owned with Telecom Egypt an enterprise value of USD 4.35 billion and a multiple of 7.0x adjusted EBITDA for the year to September.
Saudi Telecom in $2.4 bn acquisition of Vodafone Egypt
2020-01-29 01:00:00| Total Telecom industry news
Vodafone CEO Nick Read met with Egyptian Prime Minister Mostafa Madbouli on Tuesday to officially announce to the government that Vodafone had entered a non-binding agreement with Saudi Telecom (STC) for the sale of their 55% stake in Vodafone Egypt. The agreement values Vodafone Egypt at $4…read more on TotalTele.com »
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Ofcom names Vodafone as most complained about UK operator
2020-01-24 01:00:00| Total Telecom industry news
For the second quarter in a row, Vodafone has been named the most complained about UK operator by Ofcom. Vodafone received 26 complaints per 100,000 customers, far above the average of 14 for fixed ISPs. This was, however, four less complaints than they received in the previous quarter…read more on TotalTele.com »
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vodafone
Vodafone picks Sunrise as new partner in Switzerland
2020-01-23 11:07:00| Telecompaper Headlines
(Telecompaper) Swiss operator Sunrise has signed a strategic partnership with Vodafone. Through the new partner market agreement, Sunrise will provide its corporate customers with Vodafone business services including mobile connectivity, roaming and central procurement. The partnership entered into force on 01 January.
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