Vodafone (NASDAQ: VOD) drops over 2.58% in pre trading session on Wednesday as after service revenue in Spain fell and there was a further decline in Germany, its biggest market, the company reports a steeper-than-expected drop in its third quarter, the first under interim leader Margherita Della Valle.
The mobile and internet provider posted third-quarter group service revenue growth of 1.8%, below market estimates and down from 2.5% in the second quarter. According to Della Valle, Turkey’s hyperinflation contributed to that number. Europe’s service income decreased 1.1% without it.
She told reporters on Wednesday, “Declining service revenue in three of our four main European regions is just not good enough and I know we are capable of achieving better.” She predicted that Europe will experience a low point in the quarter and that things would “gradually get better from here on.”
Analysts said that the temporary leader, who has been in the position for less than two months, had not provided a significant strategy update, which caused Vodafone shares to decline 2.6% in early trade.
Shaw Communications Inc. (NYSE: SJR) Proposes Transactions Extend Outside
Rogers Communications Inc.(NYSE: RCI), Shaw Communications Inc. (NYSE: SJR), the Shaw Family Living Trust, and Quebecor Inc. reached a deal to push back to February 17, 2023 the deadline for the proposed merger of Rogers and Shaw and the purchase of Freedom Mobile by Videotron Ltd., a wholly-owned subsidiary of Quebecor.
The pro-competitive transactions, which will significantly benefit Canada and Canadian consumers, are still a priority for all parties. Before the merger of Rogers and Shaw can take place, Innovation, Science and Economic Development Canada (ISED) must approve the transfer of spectrum licenses from Shaw to Videotron in conjunction with the proposed acquisition of Freedom Mobile by Videotron. To obtain the last permission required to complete the pro-competitive transactions, the firms are still collaborating with ISED.
The Rogers-Shaw merger has already received approval from Shaw’s common shareholders, the Court of King’s Bench of Alberta, and the Canadian Radio-television and Telecommunications Commission, in addition to the rulings of the Federal Court of Appeal and the Competition Tribunal. Additionally, Shaw’s broadcasting licenses have been transferred to Rogers with the approval of the Canadian Radio-television and Telecommunications Commission.
Verizon Communications Inc. (NYSE: VZ) Calls of Nominations
Verizon Communications Inc.’s (NYSE: VZ) Business releases that fourth annual BlueJeans by Verizon Customer Awards program is now accepting nominations. Winners will once more be revealed on Verizon’s Up to Speed video podcast in May 2023, honoring excellence in the use of video to drive workplace transportation.
CMO, BlueJeans by Verizon, Chadd Thompson stated that the flexible work environment of today is continually changing, and as a result, so are the client use cases that are starting to show up. They can’t wait to highlight these dynamic clients who are at the forefront of delivering the experiential workplace. With BlueJeans, organizations have been unleashing the potential of video to immerse and captivate audiences for everything from corporate all-hands to high-impact launch events, says the company.
With the BlueJeans platform BlueJeans Events/Studio, BlueJeans Meetings, BlueJeans Rooms/RaaS, BlueJeans Expo, or the BlueJeans Gateway for Microsoft Teams customers have improved their communications, encouraged creativity and innovation, or solved complex problems, and these trailblazing customers will be honored with awards.