Vodafone, one of the world’s largest telecommunications services, has become the latest tech company to announce mass layoffs as part of a “turnaround” plan to help the carrier regain its competitive edge following periods of underperformance. In a statement on Tuesday, newly appointed CEO Margherita Della Valle said the layoffs will include 11,000 employees over a…
Vodafone Resolves Broadband Outage That Impacted Thousands of UK Users
Vodafone on Monday said it resolved an outage that impacted thousands of its home broadband service users in the United Kingdom, after hours of downtime. “We have now fixed the issue impacting just over 1 percent of our home broadband customers today. Customers should already be seeing their connectivity return,” the company told Reuters in…
Vodafone, Google Look to Extend Wear OS Smartwatch Battery Life
LONDON—Vodafone is working with Google to extend the battery life of a smartwatch by reducing the “chatter” between the device and the network, a bigger drain of energy than screen brightness and other settings targeted by low power modes. The mobile operator has developed an API (application programming interface) that enables apps and operating systems,…
Vodafone Clocks 4 percent Revenue Growth In FY22 Aided By Service Revenue Growth In Europe, Africa
Vodafone Group Plc. reported FY22 revenue growth of 4.0percent year-on-year to €45.6 billion, mainly driven by service revenue growth in Europe and Africa. The service revenue grew 2.6 percent Y/Y to €38.2 billion. Adjusted EBITDAaL grew 5 percentto €15.2 billion. The margin expanded 50 bps to 33.4 percent. The adjusted basic EPS was €0.11. The board recommended…
Vodafone Shares Edge up After UAE Stake Buy Provides Support
LONDON—Shares in Vodafone edged higher on Monday as a surprise $4.4 billion investment from the UAE-based telecoms company e& provided a much needed but possibly short-term boost to the British firm’s CEO Nick Read. The company previously known as Etisalat said on Saturday it had become the largest shareholder in Vodafone with a 9.8 percent…
Vodafone Registers 5% Revenue Growth in 1H
Vodafone Group PLC reported the first half FY22 revenue growth of 5.0 percent year-on-year to €22.5 billion, mainly driven by service revenue growth in Europe and Africa. The service revenue grew 2.8 percent Y/Y to €19 billion. Adjusted EBITDAaL grew 6.5 percent to €7.6 billion. The margin expanded 70 bps to 33.6 percent. The adjusted…
Vodafone Adds 7,000 Software Engineers to Target Digital Services
LONDON—Vodafone said it would add nearly 7,000 software engineers to its workforce by 2025 to develop more of its own digital services across Europe and Africa. The British company said the investment would enable it to build products and services faster and cheaper in technologies including Internet of Things, smart networks, and cyber security. Chief…
Vodafone Reintroduces Roaming Charges When Travelling Across Europe
Vodafone has become the latest mobile network to reintroduce roaming charges for Britons who travel to other countries in Europe. The post-Brexit blow means new and upgrading customers will have to pay up to £2 ($2.78) per day to use their monthly allowance of data, calls, and texts. Roaming fees when travelling across Europe ended…
Australians Are Now Paying More for Their Mobile Plans
Recent price increases by the three biggest telco companies mean millions of Australians will be paying more for their mobile phone plans. New analysis by the Australian Competition and Consumer Commission (ACCC) has found that since July 2020, Telstra, Optus, and Vodafone has pushed up the prices of many post-paid plans. These three telco companies…
Vodafone Germany Suspends China TV From Cable
BERLIN—Vodafone Germany has had to stop distributing China’s state-owned CGTN television on its cable services as a result of a media row between Britain and China. The unit of British telecoms group Vodafone said on Friday it hoped to restore CGTN to its services, but that it currently did not have a valid license to…
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