Swisscom AG - Bern-based telecommunications provider - Says Italian Competition Authority announced on Wednesday that it opened a phase 2 in-depth investigation into Swisscom's acquisition of Vodafone Italia from Vodafone Group PLC. The EUR8 billion deal, announced in March, was approved by the Italian Council of Ministers in May. Read More
(Alliance News) - A group of investors has urged most of the UK's largest listed companies to provide shareholders with a vote on their climate transition plans. Read More
(Alliance News) - The mobile network Three UK continued to make a loss in the first half of the year as it called investing in its network "unsustainable", ahead of its planned merger with Vodafone Group PLC. Read More
Vodafone Group PLC - Newbury, England-based telecommunications provider - Starts EUR500 million share buyback on Wednesday. The buyback will be run by Goldman Sachs International and be completed by November 29. It is part of an overall EUR2 billion share buyback programme to return some proceeds from the company's sale of its business in Spain to Zegona Communications PLC for EUR5 billion back in May. The EUR500 million first tranche of the 12-month programme, had been started on May 15. Vodafone has a market capitalisation of GBP19.22 billion. Read More
(Alliance News) - Vodafone Group PLC and Three will have to wait longer before finding out if a GBP15 billion planned merger has the seal of approval from the UK's competition regulator. Read More
(Alliance News) - Zegona Communications PLC on Wednesday said Vodafone Spain and Telefonica SA have signed an agreement to create a new fibre network company. Read More
(Alliance News) - Vodafone Group PLC on Thursday said the company is set to meet its full year guidance as group revenue rises in the first quarter. Read More
(Alliance News) - Zegona Communications PLC shares rose on Wednesday after it announced a network sharing agreement for its recently acquired business in Spain with Orange SA and a local partner. Read More
(Alliance News) - Vodafone Group PLC on Monday said it has cut its stake in European mobile phone tower operator Vantage Towers, achieving a planned 50-50 joint ownership structure. Read More
(Alliance News) - London's FTSE is called to open higher on Monday, with focus firmly on the US ahead of some crucial data later this week, and for now, political developments. Read More
Vodafone Group PLC - Newbury, Berkshire-based telecommunications provider - Aldo Bisio will step down as chief executive officer of Vodafone Italy on November 15 "to pursue an external opportunity". However, Bisio will remain a non-executive member of Vodafone Italy to oversee the regulatory approval of the sale of the business to Swisscom AG. Vodafone announced the EUR8 billion sale of Vodafone Italy to Swisscom back in March. Sabrina Casalta, the chief financial officer of Vodafone Italy, will become interim CEO of the business from November 15 until the sale is completed. Read More
Zegona Communications PLC - London-based investor in Europe's telecommunications, media and technology sectors - Announces refinancing for its EUR5 billion acquisition of Vodafone Spain, completed back at the end of May. The refinancing will include EUR1.30 billion in 6.75% senior secured notes due 2029, USD900 million in 8.625% senior secured notes due 2029, a EUR920 million 5-year term loan facility B, and a USD400 million 5-year term loan facility B. The proceeds will be used to repay the outstanding amount under the financing drawn in connection with the acquisition of Vodafone Spain from Vodafone Group PLC. Read More
(Alliance News) - A jump in Smith & Nephew PLC's share price suggests the market thinks news an activist investor has snapped up a stake is "no bad thing", an analyst on Thursday said. Read More
(Alliance News) - Stocks in London are called to open higher on Thursday, as polls open for the UK general election. Read More
(Alliance News) - Vodafone Group PLC announced on Wednesday a "significant" extension of its current agreement between Vodafone UK Ltd and Virgin Media O2 UK Ltd. Read More
(Alliance News) - Stocks in London are expected to open higher on Wednesday, as investors shake off pre-election nerves. Read More