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Vodafone plans Vantage Towers IPO: The full lowdown

Vantage Towers IPO: All you need to know about the Vodafone subsidiary Oliver Brett March 18, 2021 8:04 AM Vodafone seeks to raise up to €2.3 billion by floating its rapidly growing subsidiary Vantage Towers. What s the strategy behind the move? Share: What is Vantage Towers? Vantage Towers is Europe s largest company when it comes to building and operating mobile phone masts or towers (also known as cell sites). It has 82,000 sites across 10 markets on the continent and holds a no. 1 or no. 2 market position in nine of them. Everybody expects to be able to use their mobile phone pretty much wherever they are, but signals can still be choppy, inconsistent or weak in both urban and rural areas.

TOP NEWS: Vodafone Plans For Vantage Towers IPO Before March-End

TOP NEWS: Vodafone Plans For Vantage Towers IPO Before March-End Wed, 24th Feb 2021 08:54 (Alliance News) - Vodafone Group PLC on Wednesday confirmed plans for an initial public offering of European mobile phone tower operator Vantage Towers GmbH. The Berkshire, England-based telecommunications company said the IPO will be in Frankfurt before the end of March and will consist entirely of existing shares held by Vodafone GmbH. Vodafone said it is targetting a meaningful minority free float for Vantage Towers and has yet to state an IPO pricing. Dusseldorf, Germany-headquartered Vantage Towers, which Vodafone separated out from its business in 2020, is Europe s leading tower infrastructure platform , with more than 68,000 towers across nine markets. Back in July, Vodafone said it planned to list Vantage Towers in Frankfurt.

TOP NEWS SUMMARY: Markets Steady On Fed Chair Assurances On Inflation

TOP NEWS SUMMARY: Markets Steady On Fed Chair Assurances On Inflation Wed, 24th Feb 2021 11:04 (Alliance News) - The following is a summary of top news stories Wednesday. COMPANIES Lloyds Banking Group posted a slump in profit and net income for 2020, though still managed to beat market expectations. For 2020, the high-street and commercial lender saw pretax profit plunge 72% to GBP1.23 billion from GBP4.39 billion but was able to outperform market expectations of profit of GBP905 million. Driving the drop in profit was the sharp increase in impairments, rising to GBP4.25 billion from GBP1.29 billion in 2019. Market consensus had predicted the credit loss charge at GBP4.71 billion. Net income slumped 16% to GBP14.40 billion from GBP17.14 billion, after a 13% drop in net interest income to GBP10.77 billion from GBP12.38 billion. Despite the double-digit percentage fall, Lloyds net income was ahead of market consensus, which had called for GBP14.24 billion. Lloyds s CET1 ratio ende

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