Vodafone share price: Group not considering Fastweb deal

on Oct 15, 2014
Updated: Oct 21, 2019

iNVEZZ.com, Wednesday, October 15: Vodafone Plc (LON:VOD) is not interested in acquiring Italian broadband company Fastweb at the moment, the head of Vodafone in Italy, Aldo Bisio, said today.

In a separate development, the world’s second largest mobile phone operator announced that Vodafone Greece had acquired spectrum in the 800 MHz and 2600 MHz bands through an auction coordinated by EETT, the country’s regulatory authority for the telecommunications and postal services market, for €124.5 million (£99 million).
As of 12:31 BST, Vodafone’s share price had dropped 1.21 percent to 191.55p.

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**Fastweb update**
Aldo Bisio, head of Vodafone in Italy, commented that the group was not considering buying Swisscom’s broadband business Fastweb at the moment, Reuters reported today.
Last week, Vodafone was rumored to be one of the main candidates to snap up the Italian broadband unit, worth up to 5 billion euros ($6.3 billion), which the Swiss telecoms giant was thought to have put up for sale. Vodafone has made several takeover approaches for Fastweb, all of which have been rejected by Swisscom. ()

**New acquisition for Vodafone Greece**
Vodafone announced in a statement yesterday that its Greek unit had bought spectrum in the 800 MHz and 2600 MHz bands following an auction coordinated by the telecoms regulator EETT.  The deal is valued at €124.5 million (£99 million) and the spectrum licences are for 15 years.
Vodafone will use the spectrum acquired to expand its geographical 4G coverage as well as to further improve its indoor 4G signal quality.

Glafkos Persianis, chief executive and chairman of Vodafone Greece, commented: “This investment in spectrum enables us to increase our coverage and deliver faster, more reliable communications to our customers.”
**Vodafone  to support 30,000 Tanzanian farmers**

In a separate statement yesterday, Vodafone revealed that it would provide 30,000 Tanzanian farmers with targeted mobile services as part of the first commercial agreement with the Connected Farmer Alliance (CFA), a public-private partnership between Vodafone Group, the US Agency for International Development (USAID) and not-for-profit organisation, TechnoServe.
According to the agreement terms, 30,000 of Olam International’s coffee, cotton and cocoa smallholder farmers in Tanzania will be offered services, such as farming advice via text message, notifications about upcoming training sessions and events and real-time information about changes in market prices.
Vodafone’s mobile money transfer service, M-Pesa, will be also introduced to the farmers, which is expected to help them to gain greater control over their finances and to enhance security. The M-Pesa service allows people who have access to a mobile phone, but do not have or have only limited access to a bank account, to send and receive money and make bill payments.
The agreement is aimed at increasing productivity and subsequently revenue among thousands of low-income smallholder farmers in Tanzania.
**As of 12:30 BST, buy Vodafone shares at 191.50p.**
**As of 12:30 BST, sell Vodafone shares at 191.40p.**


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