by Amruth Sundarkumar | Oct 4, 2022 | Corporates, High Yield Bonds
Network providers Vodafone and CK Hutchison’s Three are in talks for a merger of their business in the UK. This will allow them to “gain the necessary scale to be able to accelerate the rollout of full 5G in the UK and expand broadband connectivity to rural...
by Amruth Sundarkumar | Aug 23, 2022 | Corporates, Global
Telecom giant Vodafone has agreed on non-binding terms to sell its Hungarian unit for $1.8bn in cash. Hungarian 4iG and state-run Corvinus Zrt are the buyers in this cash deal which is to be completed by end-2022. The state will acquire a 49% stake via Corvinus while...
by Amruth Sundarkumar | Jul 26, 2022 | Corporates, Global
Vodafone’s group revenues increased by 1.8% to €11.3bn ($11.6bn) vs. €11.1bn ($11.4bn) one year ago, with a service revenue growth of 2.5% in the quarter ended June. Service revenues in the rest of the European region weighed down the European telecom’s group revenue....
by Amruth Sundarkumar | May 12, 2022 | Corporates
UK-based telecom giant Vodafone is in talks to merge its UK operations with Three UK, owned by Hong Kong’s CK Hutchinson as per FT reports. FT said that Europe’s largest activist fund Cevian Capital put pressure on Vodafone to simplify its portfolio and enhance its...
by Amruth Sundarkumar | Apr 5, 2022 | Corporates, High Yield Bonds
British telecom giant Vodafone has increased its stake in its struggling Indian arm Vodafone Idea from 44.39% to 47.61% through its subsidiary Prime Metals and Euro Pacific Securities. The company allotted 3.38bn shares at INR 13.3/share (including a premium of INR...
