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LON100:VOD, Dec 09, 09:18 UTC

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Saturday, December 07


News

Bharti Airtel with better balance sheet may gain at expense of Vodafone Idea, said brokerages

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"In the event of any market share re-allocation in the industry, Bharti Airtel believes it is well-positioned to capture 50 per cent or more of the incremental market share; per company, incremental revenues can come at a very high EBITDA margin," Goldman Sachs said. Telecom czar Sunil Bharti Mittal-led Bharti Airtel may consolidate its position at the expense of Vodafone Idea Ltd as it has better balance sheet strength to deal with the eventuality of having to pay past statutory dues in case the Supreme Court rejects their review petitions, brokerages said. “The liabilities are large at USD 4.8 billion for Airtel and USD 5 billion for Vodafone Idea, and if the Supreme Court were to dismiss the review petition causing the entire liabilities to devolve, it would be a negative development for Airtel but even more serious for Vodafone Idea which may find it difficult to fund these liabilities before January 24, 2020,” Morgan Stanley said in a report. The meeting, it said, “reinforces our constructive view on Bharti Airtel, with potential upside risk to estimates from higher-than-expected tariff hike and market share gains from Vodafone Idea,” it added.

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Bharti Airtel to gain at cost of Vodafone Idea: Report

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Bharti Airtel to gain at cost of Vodafone Idea: Report. Bharti Airtel's board has already approved raising $3 billion through a combination of equity ($2 billion) and debt ($1 billion). Airtel and Vodafone Idea have filed separate petitions in the Supreme Court seeking review of the October 24 order of the apex court that held them liable to pay statutory dues for past 14 years after including non-telecom revenue in their annual adjusted gross revenues (AGR). "The liabilities are large at $4.8 billion for Airtel and $5 billion for Vodafone Idea, and if the Supreme Court were to dismiss the review petition causing the entire liabilities to devolve, it would be a negative development for Airtel but even more serious for Vodafone Idea which may find it difficult to fund these liabilities before January 24, 2020," Morgan Stanley said in a report.

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Friday, December 06


News

Vodafone Idea to shut shop if no relief given, says Kumar Mangalam Birla

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“They (the government) have realised the fact that this (telecom) is a very critical sector. The government had late last month given two years to telecom companies to pay the dues for spectrum they bought in past auctions. Vodafone Idea owes Rs 28,309 crore to the government as licence fee dues and another Rs 24,730 crore towards spectrum usage charge. If the company shuts shop, the government will also stand to lose around Rs 2 lakh crore as the company owes this amount to it by way of deferred spectrum installments and one-time spectrum dues. Vodafone and Idea Cellular had merged in August 2018 to face the competitive pressure which emerged with Reliance Jio starting services from September 2016 at below cost tariffs.

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Vodafone warns it may ‘shut shop’ in India over $4bn charge

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Vodafone’s Indian joint venture will have to “shut shop” if New Delhi does not intervene to stop a looming multibillion-dollar charge, the owner of the UK telecoms group’s local partner has warned. Vodafone Idea, a partnership between Kumar Mangalam Birla’s Aditya Birla Group and the UK-based operator, is facing potential ruin after India’s Supreme Court ruled in October that the company had three months to pay $4bn in retrospective levies, penalties and interest.

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Voda Idea: Vodafone Idea will shut shop if there is no government relief: KM Birla

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"It's a very sad thing to happen though I don't want that to happen," Birla said. Birla agreed with Vodafone Group CEO Nick Read who had said that the situation the sector (telecom) was facing was critical. The one-year old telco — born out of the merger of Vodafone India and Idea Cellular — posted a massive Rs 50,921.9 crore loss in the July-September quarter, and has internally pegged its additional AGR liability at Rs 44,200 crore towards licence fees, spectrum usage charge (SUC), interest and penalties that need to be paid in under three months. Consumer confidence falls to its lowest since at least 2014Indian bonds stare at a prolonged rout Vodafone Idea will shut shop if there is no government relief: KM BirlaModi's data double whammy for Internet cos.

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Thursday, December 05


News

Vodafone to Introduce AWS Wavelength for 5G Cloud Computing

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Vodafone Group Plc’s VOD part, Vodafone Business, communicated that it has joined forces with Amazon Web Services (AWS) — a cloud computing platform provided by Amazon.com, Inc. AMZN — in order to make AWS Wavelength available in Europe. This marks a significant move for Vodafone Business’ multi-cloud strategy to collaborate with major technology providers and help customers thrive in a digital era.Vodafone, which has Europe’s largest 5G network across 58 cities, is considered to be a global leader in IoT with more than 90 million connections. In November, Vodafone announced that it is moving data processing and storage from its own premises to Google Cloud, and using Google’s real time analysis tools to develop new services for business clients while streamlining its operations across 24 countries.The company is increasingly focusing on the rollout of superfast 5G technology across the United Kingdom. Driven by strong execution of operational strategies, the stock has gained 17.9% against the industry’s decline of 6.6% in the past six months.Vodafone currently has a Zacks Rank #4 (Sell).A couple of better-ranked stocks in the broader industry are Qualcomm Incorporated QCOM and Ubiquiti Inc. UI, both sporting a Zacks Rank #1 (Strong Buy).

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Wednesday, December 04


News

Vodafone to collaborate with Amazon Web Services

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Vodafone Group PLC said Wednesday that it is partnering with Amazon.com Inc.’s cloud unit, Amazon Web Services, to enable compute and storage services at the edge of Vodafone’s network. The U.K. telecommunications group VOD-0.94% said it will make AWS’s AMZN-0.65% wavelength service available in Europe, to provide access to edge-computing capabilities to developers, Internet of Things, devices and end users. AWS Wavelength will be available first on Vodafone’s 5G network in the U.K. and Germany, expanding to other markets across Europe, the U.K. company said. By using this site you agree to the Terms of Service, Privacy Policy, and Cookie Policy.

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Vodafone Business and Amazon Web Services to Bring Edge Computing Closer to Customers

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Enabling AWS Wavelength at the edge of Vodafone’s 5G network is designed to provide multi-access edge computing capabilities to developers, Internet of Things (IoT), devices and end users. “With Europe’s largest 5G network across 58 cities and as a global leader in IoT with over 90 million connections, Vodafone is pleased to be the first telco to introduce AWS Wavelength in Europe,” said Vinod Kumar, CEO of Vodafone Business. “Faster speeds and lower latencies have the potential to revolutionize how our customers do business, and they can rely on Vodafone’s existing capabilities and security layers within our own network.”. Vodafone Group has mobile operations in 24 countries, partners with mobile networks in 42 more, and fixed broadband operations in 19 markets. As of 30 September 2019, Vodafone Group had approximately 625 million mobile customers, 27 million fixed broadband customers and 22 million TV customers, including all of the customers in Vodafone’s joint ventures and associates. For more information, please visit: www.vodafone.com. For further information, please contact:Danielle Restivo, Vodafone Business: group.media@vodafone.com.

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Premarket London: Vodafone Signs up AWS in 5G; Rio Hit by Violence

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Premarket London: Vodafone Signs up AWS in 5G; Rio Hit by Violence. Investing.com -- Here is a summary of the most important regulatory news releases from the London Stock Exchange on Wednesday, 4th December. AWS Wavelength embeds AWS compute and storage services at the edge of telecommunications providers' 5G networks, enabling developers to serve end users with single-digit millisecond latencies over the 5G network, Vodafone (LON:VOD) said. Rising violence towards its employees has forced Rio Tinto (LON:RIO) to curtail operations at Richards Bay Minerals in South Africa, forcing it to cut lower its forecast for titanium dioxide slag production this year.

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Monday, December 02


News

Hike in prepaid plan prices to raise revenues of Airtel, Jio, Vodafone Idea: Analysts

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The analysts also said Reliance Jio’s plans are expected to be cheaper as compared to its rivals even after 40 per cent hike in mobile call and internet charges announced by the company. This is the first hike over the past five years in the country’s telecom sector that is facing tariff war with voice calls becoming almost free in 2016 and steep 95 per cent fall in data prices to Rs 11.78 per GB at present from Rs 269 per GB in 2014. Kotak Institutional Equities said the hike in mobile rates is likely to enhance Bharti Airtel’s earnings before interest, taxes, depreciation and amortisation in the range of Rs 8,000-9,500 crore and VIL about Rs 7,000-8,500 crore. According to government data, the liabilities in the case of Bharti Airtel add up to nearly Rs 35,586 crore, of which Rs 21,682 crore is licence fee and another Rs 13,904.01 crore is the SUC dues (excluding the dues of Telenor and Tata Teleservices).

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