Vodafone Group CEO Nick Read will step down at the end of 2022 following a year when the telecommunications company’s share price sank.
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Vodafone Group offers business students a lesson in the good, the bad and ugly of mergers and acquisitions.
Vodacom Group plans to roll out financial services products in its new market of Egypt, using the super app it is developing alongside China’s Alibaba Group.
Vodacom Group’s half-year headline earnings fell 9.5% due to start-up losses in Ethiopia and higher finance costs.
Shares of Safaricom surged more than 9% on Friday after it secured a mobile financial services licence in Ethiopia.
The UK’s biggest mobile and broadband providers are set to increase charges above the soaring rate of inflation early next year.
The Vodacom Group parent has agreed to sell its Hungarian unit in a deal valued at €1.8-billion as part of its plan to simplify its sprawling business.
Vodafone Group explored a sale of its Ghanaian business to subsidiary Vodacom Group in early 2021 but that deal did not materialise.
Vodacom Group reported a 5.2% year-on-year improvement in quarterly revenue on the back of a “resilient” performance in its home market.
Vodafone New Zealand is selling its mobile phone tower assets to investment firms for NZ$1.7-billion, or about R17.9-billion.