Vodafone Group has strategically sold a 10% stake in Vantage Towers for 1.3 billion euros ($1.4 billion). This aligns with Vodafone’s targets to reduce net debt. Vantage Towers manages 84,600 tower sites, enhancing coverage with small cell systems. The divestment strengthens Vodafone’s financial health while prioritizing debt reduction over asset control.
Saudi Telecom Company (STC) is reportedly eyeing Vodafone Portugal after previous negotiations with Altice Portugal fell through. This strategic shift could enhance STC’s European presence, especially after acquiring a stake in Telefonica. STC and Vodafone Portugal share aligned goals, potentially reshaping Portugal’s telecom landscape significantly. Stay tuned for more updates.
Vodafone recently showcased the transformative potential of 5G network slicing at the Glastonbury Festival in Somerset, U.K. Partnering with EBC, a beverage vendor, Vodafone demonstrated how network slicing enhances payment transactions by providing real-time connectivity and reducing latency.
Vodafone and Meta have teamed up to tackle network congestion and enhance mobile user experience across Europe. Launched in June, this VoIP-optimized partnership spans eleven markets, focusing on video optimization to reduce network traffic. Initial tests in the UK show significant traffic reductions for Meta apps, freeing up resources for high-traffic areas.
Vodafone Portugal’s attempt to acquire Nowo Communications has been blocked by the country’s competition authority, citing concerns over competition and consumer harm. This prohibition underscores the competitive dynamics in Portugal’s telecommunications market, dominated by Meo, NOS, and Vodafone.
Vodafone has introduced SuperTOBi, an innovative virtual assistant powered by Generative AI and hosted on Microsoft Azure OpenAI. With a significant £120 million investment, this advanced chatbot enhances customer service across Europe.
Vodafone UK and Virgin Media O2 have announced a pivotal agreement to extend and enhance their mobile network sharing for over a decade. This transformative partnership, contingent on regulatory approval, promises significant improvements in network quality and coverage, benefiting millions of customers and boosting the competitive landscape of UK mobile markets.
The Netherlands’ telecommunications regulator has announced that KPN, Odido, and VodafoneZiggo each secured 100 MHz of spectrum in the 3.5GHz band, marking a significant step for 5G development in the country. This auction, raising €174.4 million, ensures advanced 5G services with enhanced network capacity and higher throughput, promising innovations for businesses and consumers alike.
A major Spanish trade union has strongly opposed Vodafone Spain’s decision to cut over 1,000 jobs, prompting calls for strike action. The Unión General de Trabajadores (UGT) has vocally criticized the job cuts, blaming the company, the Spanish government, and regulatory environment for the situation.
UK-based telecom giant Vodafone is poised to divest its 21.5% stake in Indus Towers, according to undisclosed sources cited by Reuters. The company plans to execute the sale through block deals, involving transactions of at least 500,000 shares valued at a minimum of INR100 million ($1.2 million) per trading window.
