Vodafone share price

Billionaire And Starlink-owner Elon Musk to buy Vodafone Idea stake? Here is the TRUTH

2Jan

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Technology

Billionaire And Starlink-owner Elon Musk to buy Vodafone Idea stake? Here is the TRUTH

[ad_1] It has been rumoured for days that billionaire Elon Musk, who owns satellite internet unit Starlink, is about to buy a stake in beleaguered telecom company Vodafone Idea India and it has even affected the stock market price. It was enough to set off speculation across corporate circles and the company has now scrambled to announce its reaction to these reports.The company, in its rejoinder to the Bombay Stock Exchange (BSE), says Vodafone Idea is not in talks to tie up with Elon Musk. After the Indian telecom operator's reaction on Tuesday, its shares went down by 5%. The clarification from Vodafone Idea came after its stock surged in the past two sessions on what business magazine BusinessWorld said were "markets betting" that Musk was looking to buy a stake in the company to he...

Vodafone and Three UK Battle Roadblocks to Mobile Tie-Up

[ad_1] Vodafone Group Plc and Three UK are battling to overcome a raft of regulatory and political hurdles threatening to derail efforts to create Britain’s largest mobile operator. Vodafone Group Plc and Three UK are battling to overcome a raft of regulatory and political hurdles threatening to derail efforts to create Britain's largest mobile operator, people familiar with the matter said. Discussions between Vodafone and Three's owner CK Hutchison Holdings Ltd. have been delayed in recent weeks by considerations about the integration and impact of their proposed tie-up, the people said, asking not to be identified discussing confidential information. Things have been further complicated by news that Vodafone's Chief Executive Officer Nick Read will stand down at the end of the y...

Vodafone CEO Nick Read Ousted After 44% Collapse in Shares

[ad_1] Vodafone’s share price has sunk about 44% since Read took over in October 2018. Vodafone Group Plc Chief Executive Officer Nick Read will step down at the end of 2022, after he failed to halt a years-long slide in the telecommunication giant's share price and mergers with major rivals failed to materialize.Chief Financial Officer Margherita Della Valle will do the job on an interim basis while the board, led by Chairman Jean-Francois van Boxmeer, seeks a replacement. Read, who'd been in the post for four years and at Vodafone for more than two decades, will stay on an as adviser until the end of March, the company said in a statement on Monday. “I agreed with the board that now is the right moment to hand over to a new leader who can build on Vodafone's strengths and capture th...