Vodafone Turkey emerged as the highest bidder in a 4G network tender process launched by the country's Information and Communication Technologies Authority (BTK) that aims to raise €2.3 billion ($2.6 billion) in total.
Vodafone Group dropped out of the race to gain a Lebanese management contract that would have seen it run one of the county's two government-owned mobile operators, Reuters reported.
In May, a selection of quarterly results from some of Europe's largest operators indicated that the tide might be turning in the region's mobile sector. Now, as results for the April-June period start to emerge, the omens still look good as some operators report a return to revenue growth for the first time in some years.
Vodafone joins competition and regulators to break up BT as it also proposes investing in third party operator of Britain's landline network.
M&A activity was also higher in 2014 than in 2012, with deals including Hutchison Whampoa's takeover of O2 Ireland in May 2014.
Jefferies International equity analysts appeared bullish on Vodafone after the operator noted that European price trends improved during its fiscal Q1--the three months to end-June--and that revenue from Middle East, Africa and Asia Pacific increased year-on-year.
Vodafone has restructured its European management in a move that abolishes the post of CEO for the region and will enable the heads of its four largest markets to report directly to group CEO, Vittorio Cola.
The GSMA is closing in on an agreement that could see the mobile industry move collectively towards using a standardised embedded SIM (eSIM) as opposed to today's SIM cards.
Vodafone's stock price began to recover this morning (Monday), after falling 2 per cent by close of trading on Friday when the company announced changes to the way it reports revenue.
Lebanon's telecommunications minister, Boutros Harb, targeted country-wide 4G deployment in two years as part of a new five-year plan for the telecoms market unveiled this week.