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Vodafone Group PLC

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  • FACTBOX-Britain's biggest corporate losses Wednesday, 22 Apr 2015 | 6:41 AM ET

    ROYAL BANK OF SCOTLAND, Feb. 2009-- At the height of the financial crisis, RBS said a record loss of 24.1 billion pounds reflected a 16.2 billion pound writedown against acquisitions, including its takeover of parts of Dutch rival ABN Amro in 2007, plus a further 7.9 billion pounds in operating losses. VODAFONE GROUP, May 2006-- Mobile phone operator Vodafone...

  • PARIS/ HELSINKI/ STOCKHOLM, April 21- Nokia's acquisition of smaller rival Alcatel-Lucent may avoid the pitfalls that befell earlier telecom network equipment marriages, thanks to a revolution over the past decade in how products are launched and developed. Nokia has promised 900 million euros of cost savings by 2019 from the Alcatel-Lucent acquisition,...

  • India issues fresh tax notice to Vodafone - report Sunday, 19 Apr 2015 | 2:55 AM ET

    MUMBAI, April 19- Indian tax authorities have issued a fresh notice to Vodafone Group Plc seeking re-assessment of tax returns for assessment year 2009-2010, news channel ET Now reported on Saturday citing sources familiar with the development. The government in January said it would not appeal a regional court ruling in favour of Vodafone in a long-running...

  • WASHINGTON, April 13- As the United States and Iran come closer to a historic nuclear deal, many U.S. states are likely to stick with their own sanctions on Iran that could complicate any warming of relations between the long-time foes. In more than half those states, the restrictions expire only if Iran is no longer designated to be supporting terrorism or if all...

  • MUMBAI, March 25- India raised a record $17.6 billion from the sale of mobile phone airwaves in its latest telecom spectrum auction after 19 days of fierce bidding, the country's telecoms minister said on Wednesday. Ravi Shankar Prasad said the government received bids worth almost 1.10 trillion rupees, topping the 1.06 trillion rupees it raised in 2010. The...

  • NEW DELHI, March 12- Britain's foreign minister raised concerns in India on Thursday about a $1.6 billion retrospective tax bill charged to oil explorer Cairn Energy, and had been reassured there are no other such cases. Britain's Foreign Secretary Philip Hammond said Finance Minister Arun Jaitley explained that the Cairn case was started by the previous...

  • NEW DELHI, March 12- British Foreign Secretary Philip Hammond raised concerns in India on Thursday over a $1.6 billion retrospective tax bill charged to British oil explorer Cairn Energy hours before he arrived in the country seeking to improve business ties. Cairn Energy earlier this week filed a formal dispute against the demand from the Indian tax...

  • *Dispute notice filed under terms of UK- India investment treaty. LONDON/ MUMBAI, March 11- Oil explorer Cairn Energy Plc has filed a formal dispute against a demand for more than $1.6 billion from the Indian tax department, in the latest high-profile tax row to hit Asia's third-largest economy. Cairn joins a slew of multinational firms including Vodafone Group...

  • BARCELONA, March 6- Telecom network gear makers are on a collision course with Silicon Valley computing giants as software and cloud computing have begun to change the way operators from AT&T to China Mobile run their networks. As networks move to relatively standard hardware, formerly entrenched equipment groups must increasingly compete for contracts...

  • The Boston Consulting Group said last month mobile money transfers in sub-Saharan Africa alone could generate fees of up to $1.5 billion by 2019.. "If you take out air-time, you have a true view of mobile money, and it's not a good story, more than a decade on," says South Africa- based Johan de Lange, who works with banks and phone companies. In Afghanistan, for example,...

  • The chief executives of Vodafone and Deutsche Telekom said on Monday at the Mobile World Congress in Barcelona that network operators needed to give special treatment to data for new services like connected cars and smart electricity meters to ensure that they functioned properly. "We favour net neutrality, but we need to be allowed to have quality classes to...

  • *Vodafone, alternative ops warn on "re-monopolisation". Germany's Deutsche Telekom and Spain's Telefonica have predicted that revenues will grow this year, while France's Orange and Norway's Telenor have promised higher future dividends, a major motivation for investors in the sector. Deutsche Telekom Chief Executive Tim Hoettges attributed the rebirth...

  • *Vodafone, alternative ops warn on "re-monopolisation". Germany's Deutsche Telekom and Spain's Telefonica have predicted that revenues will grow this year, while France's Orange and Norway's Telenor have promised higher future dividends, a major motivation for investors in the sector. Deutsche Telekom Chief Executive Tim Hoettges attributed the rebirth...

  • LONDON/ PARIS, Feb 25- Lazard banker Vincent Le Stradic recently took a break from his job advising Europe's top telecoms companies on deals to help little-known French start-up Sigfox raise 100 million euros. Not many of his peers would spend months working on a relatively small transaction when big fees were there for the taking from industry leaders such as...

  • *Jyske Bank falls after unexpected 4 Q loss. *BHP, Telefonica Deutschland rally after results. Denmark's Jyske Bank fell 6.8 percent after it swung to an unexpected loss in the fourth quarter, weighed down by hefty charges for non-performing loans.

  • PARIS, Feb 23- Gemalto said on Monday its initial investigations into a report that U.S. and British spies had hacked it systems showed its products were secure and it thus did not expect a significant financial prejudice. Gemalto's shares fell sharply on Friday after news website Intercept reported a hack by the U.S. National Security Agency and Britain's...

  • *U.S., UK spies hacked SIM card maker Gemalto's system- Intercept. *Franco-Dutch firm Gemalto says it is investigating report. The alleged hack on Gemalto, if confirmed, would expand the scope of known mass surveillance methods available to U.S. and British spy agencies to include not just email and web traffic, as previously revealed, but also mobile...

  • Chipmaker probes report of hacking by US, UK spies Friday, 20 Feb 2015 | 4:49 AM ET
    Hacking hacker cyber security

    Gemalto said on Friday it was investigating a report U.S. and British spies had hacked its systems.

  • PARIS, Feb 20- Gemalto said on Friday it was investigating a report U.S. and British spies had hacked its systems to steal the privacy-protecting encryption keys in the chips it makes for mobile phones. Gemalto's shares sank as much as 10 percent in huge volumes in early trading after the news website Intercept reported the hack by the U.S. National Security...

  • BEIJING, Feb 16- Foreign direct investment in China grew at its strongest pace in nearly four years in January, surging 29.4 percent from a year earlier to $13.9 billion as investors largely shunned the troubled manufacturing sector and focused on the more resilient services industry. Earlier data showed FDI in China rose just 1.7 percent in 2014, the slackest...