Vodafone to cut prices?

Mobile mammoth, Vodafone, is this week expected to cut its prices with the introduction of a new contract tariff. According to reports, the new tariff has been tried out in some of its retail outlets. Big spenders with Vodafone are expected to be in line for savings of upto 40 per cent. While Vodafone remains […]

Vodafone sells off Proximus stake

Embattled telecoms giant, Vodafone, today announced its decision to sell its 25 per cent stake in Belgium’s dominant telecoms group, Proximus, to Belgacom. The sale, which will go towards reducing Vodafone’s recent heavy losses, is worth Eur2bn (£1.35bn). Belgacom is 50 per cent owned by the Belgian government and already owns 75 per cent of […]

Sarin hangs on

Vodafone CEO Arun Sarin has weathered the storm at the firm’s annual general meeting today, winning votes of confidence from 86 per cent of his shareholders. But 9.5 per cent voted for his dismissal, with the remaining 4.5 per cent of shareholders abstaining from the vote. Dissention among the shareholders was understood to be led […]

Sarin boosted by Vodafone rise

Mobile giant Vodafone has reported revenue growth in line with expectations ahead of a vital shareholder meeting today where the company’s chief executive Arun Sarin faces a revolt. The company which has seen its share price drop from above 150p to lower than 120p since November last year, reported 6.4% organic growth in total mobile […]

Standard Life votes against Sarin

As predicted, Standard Life Investments has voted against the re-election of Vodafone chief executive, Arun Sarin, at a shareholder meeting on Tuesday. The company has a stake of about 1.7 per cent in Vodafone and joins Hermes Pensions Management and Morley Fund Management who have been widely reported as voting against Sarin’s reappointment at the […]

Vodafone’s Sarin on defensive as European plan shaken

Ahead of what promises to be a rollercoaster ride of a shareholder meeting Tuesday, Vodafone chief executive Arun Sarin today defended his position with the assertion that the company’s revenues are on track. The operator reported 4.5 million proportionate organic net additions, with a further 11.7 million from the acquisition of Telsim in Turkey, taking […]

Vodafone shareholder wants Sarin out – Reports

According to reports, a major Vodafone shareholder is planning to vote against the re-election of the firm’s beleagured chief executive Arun Sarin to the board of the mobile company. The AFX news agency reports that Morley Fund Management, which owns a 2.1 per cent stake in Vodafone, said “its patience with Sarin had run out”. […]

Palm readies new smartphone for Europe

A new smartphone is being developed by former PDA champion Palm, in conjunction with Vodafone and Microsoft, the companies said Thursday. The Treo handset will run on Vodafone’s 3G network with Windows Mobile 5.0 and will be aimed squarely at the enterprise with its push e-mail capability. The new phone will be available to Vodafone […]

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