Kabel Deutschland said this week Vodafone's pending takeover of the company would have an impact on its full-year net income, and said it has reduced its revenue forecast for the current fiscal year. Meanwhile, Vodafone continues to face a standoff with Kabel Deutschland's biggest shareholder, Elliott Management Corp.
UK mobile network operators Vodafone, Telefónica's O2, EE and Hutchison Whampoa's 3 UK face a possible fivefold hike in the fees they pay to use 900 MHz and 1800 MHz spectrum for 2G, 3G and now LTE services, if proposals by regulator Ofcom are implemented next year.
Vodafone intends to take advantage of new foreign direct investment rules in India by investing as much as $2 billion (€1.48 billion) to buy out minority shareholders in its Indian unit, reports said this week.
The resignation of Teleco Italia CEO Franco Bernabe has created the distinct possibility that Standard & Poor's will likely cut the carrier's debt rating to junk, according to a Bloomberg story.
Vodafone said on Thursday that CFO Andy Halford,has handed in his resignation notice after nine years with the company and intends to leave in March after the conclusion of Vodafone's transaction to sell its 45 per cent stake in Verizon Wireless to Verizon Communications.
Microsoft revealed that AT&T Mobility and Vodafone will likely be the first operators to provide connectivity in the U.S. and Europe for its ARM-based Surface 2 tablet with LTE. The company said last week that the Surface 2 will be available in early 2014.
Zain Jordan has chosen the Ericsson Charging & Billing in One (CBIO) solution as
Vodafone's South African unit Vodacom is reportedly to enter exclusive negotiations over the acquisition of ISP Neotel from Tata Communication for more than 5 billion rand ($496 million) or €370 million, Bloomberg reported, citing unnamed sources close to the matter.
AT&T CEO Randall Stephenson said the U.S. operator is still interested in buying mobile operator assets in Europe, although the company continues to keep the market guessing about its actual targets.
Telecom Italia CEO Franco Bernabe and core shareholders met after all on Thursday despite saying earlier that they had postponed talks until October, but a deal on the future ownership of the debt-laden Italian operator remains elusive.