Vodafone will end its sponsorship of the McLaren Formula One racing team at the end of the year. The operator, which has backed the F1 team since 2007, has rebutted claims reported in The Times that this surprise move was due to the company's unease over the decision to race in Bahrain in 2012.
European leader have called for the European Commission to publish a plan by October detailing "concrete measures to establish the single market in telecoms as early as possible."
Following the UK's LTE spectrum auction, there are concerns that operators may need to trade spectrum as worries surface over how the airwave were distributed, according to a Financial Times report, which cited unnamed sources.
Vodafone and France Telecom-Orange's Spanish subsidiaries are investing up to €1 billion ($1.3 billion) to build out a joint Fiber to the Home network covering 50 of Spain's major cities.
Vodafone and France Telecom's Orange will invest up to €1 billion to jointly build a fibre network in Spain that will bring high-speed Internet service to six million households across 50 major cities by September 2017.
Prior to Mobile World Congress in late February, the European broadsheets were attempting to figure out if Vodafone was going to leap into the limelight and bid €10 billion for the giant German ...
A report that Vodafone and Verizon Communications have held talks about a possible merger or Verizon buying Vodafone's 45 per cent stake in their Verizon Wireless joint venture sent Vodafone's shares to up nearly 5 per cent in London, according to Reuters. The Bloomberg report, which cited unnamed sources familiar with the matter, said that the companies have not formally progressed to any serious talks about either option.
Verizon Communications and Vodafone have held talks that range from a merger of the two giant phone companies to Verizon merely buying Vodafone's 45 percent stake in their Verizon Wireless joint venture, according to a Bloomberg report. The report said Verizon wants to find a resolution to the two carriers' relationship this year.
Vodafone is considering a takeover of Spain's Yoigo, according to an analyst report from Zacks Equity Research . The deal, which could see Vodafone bidding between €750 million to €1.2 billion, could face counter bids from Telefónica and France Telecom Orange.
Vodafone Group's revenue may be declining in its core European markets but the company does not need to sell its 45 per cent stake in U.S. operator Verizon Wireless in order to invest more in Europe, according to CEO Vittorio Colao. The Vodafone chief told Reuters that the company has a healthy balance sheet and can make acquisitions if necessary.