Canada markets closed

Vodafone Group Plc (VOD)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
Add to watchlist
18.95+0.29 (+1.55%)
At close: 4:00PM EDT
Full screen
Loading interactive chart...
  • Ericsson (ERIC) Partners Firms to Bring 5G Standalone to Europe

    Ericsson (ERIC) Partners Firms to Bring 5G Standalone to Europe

    Ericsson (ERIC) provides products and solutions from its Radio System portfolio and Cloud Core for the cloud-native services.

  • MTN Values Mobile-Money Arm at $5 Billion, Considers IPO

    MTN Values Mobile-Money Arm at $5 Billion, Considers IPO

    (Bloomberg) -- MTN Group Ltd. values its mobile-money arm at about $5 billion and will consider a listing of the division, joining African wireless carriers trying to monetize a service that is particularly popular on the continent.The move comes after Mastercard Inc. and TPG Holdings LP invested $300 million in Airtel Africa Plc’s mobile-money business at a $2.65 billion value.“With similar valuations to that of Airtel, our valuation would sit at 75 billion rand, or about $5 billion,” said MTN Chief Executive Officer Ralph Mupita. “No decision has been made as yet, but listing will be an option considered if that will be the best approach to unlock value.”Johannesburg-listed MTN has previously said it was looking to spin off its entire fintech business, which includes mobile money. That has been valued by Nedbank Group Ltd. at 87 billion rand ($6 billion), according to a March 26 note, adding the process could take as much as a year.MTN shares traded 1.7% higher at the close in South Africa’s commercial capital, and have gained 48% in the year to date.Mobile money, where users store and manage cash in an account linked to a mobile phone, is one of the fastest-growing sources of income for wireless-network companies operating in sub-Saharan Africa, such as MTN and Vodafone Group Plc- controlled Vodacom Group Ltd. and Safaricom Ltd. The region, which struggles with limited banking infrastructure, has more mobile-money accounts than anywhere else in the world, with about 548 million at the end of 2020, or 54% of all customers, according to the GSMA, the global industry group.Safaricom, based in Nairobi, is the largest mobile-money provider in the region through its M-Pesa service. Potential exists for further growth, with the two most-populous countries, Nigeria and Ethiopia, yet to roll out of the service.MTN’s valuation was reported earlier by the Financial Times.(Updates with Nedbank valuation in fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • BT restarts full fibre talks with networks after Ofcom ruling
    The Telegraph

    BT restarts full fibre talks with networks after Ofcom ruling

    BT has reignited discussions with Vodafone and TalkTalk over plans for the companies to use its ultra-fast fibre network. The telecoms giant had been working on agreements with broadband retailers that would hand them long-term access to its network. Those talks were shelved last year, however, after BT became concerned that it could breach competition law. But the discussions have been fired up again after the regulator announced a new regime last month. Ofcom gave BT’s broadband infrastructure arm Openreach more certainty by ruling that it could charge higher prices for full fibre over the next decade.