What is Vodafone?
Vodafone is a UK-based global telecommunications company that provides a broad spectrum of services such as voice, messaging, data, fixed broadband and TV. The name Vodafone comes from the words “voice data fone”.
Vodafone acquires spectrum and licences to use radio frequencies that deliver mobile services, while its cable, fibre and copper networks enable TV, broadband and voice services. The company's information technology estate provides its data centres, customer relationship and customer billing services and online resources. Vodafone Global Enterprise serves the company's multinational customers.
Among mobile operators globally, Vodafone ranked fifth by revenue and second in the number of connections as of 2016. As at 5 February 2018, Vodafone was the 8th largest company in the FTSE 100 index, with a market capitalisation of around £57.6 billion. You can check the latest Vodafone share price here at Capital.com.
Who are the key people at Vodafone?
Vittorio Colao has been Chief Executive since July 2008. He is also Vice Chairman of the European Round Table of Industrialists. Other key figures at Vodafone include Chief Financial Officer Nick Read, Chief Commercial Operations and Strategy Officer Serpil Timuray, and Group Technology Officer Johan Wibergh. Gerard Kleisterlee has served as Chairman of Vodafone Group PLC since July 2011.
What is the modern history of Vodafone?
Vodafone was launched under the name Racal-Vodafone (Holdings) Ltd on 1 January 1985, when it made the first ever mobile phone call in the UK. Over the course of more than 30 years, what was originally a small mobile operator in Newbury grew into one of the world’s most recognisable brands. The company has been called Vodafone Group PLC since July 2000.
Among a series of technological landmarks, in 1991 it enabled the world’s first international mobile roaming call, and in 2002 it introduced internet access on the move with Vodafone Live.
In 2013, Vodafone announced it was selling its 45% stake in Verizon Wireless to Verizon Communications for $130 billion, in one of the biggest deals in corporate history. Some of the proceeds were spent on a £19 billion programme to improve network quality in Europe and emerging markets.
What are the latest developments at Vodafone?
In its results for the half year to 30 September 2017, Vodafone reported group total revenue down 4.1% to €23.1 billion, mainly due to forex movements and the deconsolidation of Vodafone Netherlands. But operating profit was up 32.5% to €2.0 billion, and organic service revenue was up 1.7%. Chief executive Vittorio Colao said: “In the first half of the year we have maintained good commercial momentum. Revenue grew organically in the majority of our markets driven by mobile data and our continued success as Europe’s fastest growing broadband provider.”
In November 2017, Vodafone and CityFibre announced a long-term strategic partnership to bring ultrafast Gigabit-capable full fibre broadband to up to five million UK homes and businesses by 2025. Under the wholesale agreement, Vodafone will have a period of exclusive rights to market ultrafast consumer broadband services on the FTTP network to be built, operated and owned by CityFibre.
Our VOD chart tracks the latest ups and downs of the company’s share price.
Where does Vodafone operate?
Vodafone’s headquarters are in London. It operates in about 30 countries via two segments: Europe and Africa, and the Middle East and Asia Pacific (AMAP). The company also partners with mobile networks in more than 50 other countries and serves over 400 million customers internationally.
Where is Vodafone traded?
Vodafone has a primary listing on the London Stock Exchange and is a member of the FTSE 100 Index. It also has a secondary listing on NASDAQ. Check out Capital.com for the latest VOD chart.