The Latest on Enterprise Software Vendors MSFT, IBM, ORCL, CISCO(Continued from Prior Part)Addressing pain points in multicloud strategy IBM (IBM) and Vodafone (VOD) have joined forces to launch a joint venture to help speed up the uptake of cloud
Lloyds Banking Group could be considering job cuts in the UK after tabling plans to switch some of its IT systems to a new startup as part of cost-cutting measures.
Vodafone Group Plc will contribute as much as 110 billion rupees, while India’s Aditya Birla Group will pump in as much as 72.5 billion rupees, according to a statement on Wednesday. Vodafone Idea itself was formed last year after a couple of the industry’s biggest players merged to create an operator big enough to withstand Jio’s low prices. “We expect the rights issue to get priced at a discount, given hyper competitiveness in the segment,” said Rohan Dhamija, head of South Asia and Middle East at consulting firm Analysys Mason.
Vodafone and O2 have signalled that they could sell CTIL, the joint venture that controls phone masts owned by the two companies. The two groups said on Wednesday they had agreed to expand the venture, ...
Telefonica's (TEF.MC) O2 and Vodafone (VOD.L) have stepped up their challenge to British market leader BT by extending their network sharing deal to cover 5G, enabling them to accelerate the deployment of the faster mobile service at a lower cost. "We believe that these plans will generate significant benefits for our business and our customers as we move into the digital era of connected devices, appliances and systems on a mass scale," Vodafone UK Chief Executive Nick Jeffery said.
Plans to cut hundreds of millions of pounds in annual technology costs by switching its computer systems to a new platform developed by a start-up, triggering fears among unions about large-scale job losses. The British high-street lender has started discussions with regulators about transferring data on about 500,000 customers of its old Intelligent Finance brand to test a new core banking system built by Thought Machine, according to an internal company presentation seen by the Financial Times. If the move is successful, Lloyds could carry out a similar transfer across all of its ...
The European Commission on Tuesday said a no-deal Brexit would lead to the return of border infrastructure between Ireland and the Northern Ireland, contradicting Dublin's claim that there would be no need for a "hard border" on the island of Ireland, even if Britain left the bloc without a deal.
(Reuters) - IBM Corp (IBM.N) beat analysts' fourth-quarter earnings estimates and forecast full-year profit above expectations on Tuesday, as the company benefits from its focus on newer businesses such ...
Chancellor of the Exchequer Philip Hammond called on banks to strengthen a proposed redress scheme for small businesses, which lawmakers and victims argue is too soft on lenders. A dispute service proposed by UK Finance, which represents banks, must include a broad range of interests and not impose a compensation cap, Hammond said in a letter released on Tuesday. The voluntary scheme was proposed in response to a decade of campaigning by small firms who say they were mistreated by their banks in the wake of the 2008 financial crisis.
The first portion is expected to be a $500m to $700m high yield bond, according to analysts, followed by $1.5bn of bank debt and a further $800m to $900m of loans guaranteed by the UK government’s Infrastructure Project Authority. Sirius said the new structure had been designed to reduce the risk to the UK taxpayer because the IPA debt would only be drawn once sales had started and the main construction risks had passed. Sirius has previously been looking to raise $1.5bn from government-basked loans.
The Australian Competition and Consumer Commission (ACCC) set April 11 as the new provisional date for its decision on the mega-telco tie-up, two weeks later than it initially intended. The regulator said the delay was due to TPG and Vodafone not providing the required information on time. Vodafone Australia was yet to lodge its response to ACCC's concerns, but it remained committed to the deal, a company spokeswoman told Reuters.
Jan 22 (Reuters) - Australian Competition and Consumer Commission: * ACCC - SETS NEW PROVISIONAL DECISION DATE FOR TPG TELECOM-VODAFONE AUSTRALIA MERGER TO APRIL 11 FROM MARCH 28 Source: ( ...
Has kicked off the latest restructuring of its UK business that will see up to 2,700 workers asked to move. The plan will involve the closure of smaller offices, notably a hub in Bracknell that Vodafone acquired as part of its takeover of Cable & Wireless, with work centralised in larger offices in London, Newbury and Manchester. Workers that cannot relocate will leave Vodafone but the company expects its overall staff numbers to remain broadly similar after the restructuring as it replaces people that leave.
Vodafone Group PLC’s business services division will offer clients access to more cloud services this year, through a deal with International Business Machines Corp. The goal is to enable clients to get faster speeds when they deploy technologies that combine artificial intelligence, 5G and the Internet of Things. “Businesses are finding there’s quite a bit of complexity in knitting (technologies) all together,” said Greg Hyttenrauch, security and cloud-services director of Vodafone Business and co-leader of the venture.
Vast Resources plc, the AIM listed mining company with operating mines in Romania and Zimbabwe, announces that further to Friday’s announcement regarding Mercuria Energy Trading SA (‘Mercuria’) not proceeding with the advance of the Tranche B of US$5.5m under its prepayment agreement with the Company, the Directors, as a standby measure, have already been in discussions with other off take partners but had been unable to progress these discussions while Mercuria was expected to proceed with Tranche B. Now that Mercuria has informed the Company that Tranche B will not proceed, the Directors ...
Vodafone Group PLC (VOD), Signet Jewelers Ltd. (SIG), Ryanair Holdings PLC (RYAAY), and Cellcom Israel Ltd. (CEL) have declined to their three-year lows. The prices of Vodafone Group PLC (VOD) shares have declined to $19.30 on Jan. 18, which is only 4.4% above the three-year low of $18.45. Warning! GuruFocus has detected 5 Warning Signs with VOD.
