Report
Stephane Beyazian

Vodafone : Vodafone steps up M&A; rating upgraded to Outperform

>Already 3 planned deals in one month and more on the way - Since February, investors have deserted the share, underestimating the determination of Nick Read to find value-creating deals. The share price is still at a low while 3 transactions have been launched (sale of Vodafone Hungary for € 1.8bn, market consolidation deals in Portugal and the UK) and a few more looks very probable (sale of 30-41% of the stake in Vantage Towers, the importance of which is strengthen...
Underlying
Vodafone Group Plc

Vodafone Group provides mobile and fixed telecommunication services including: access charges, voice and video calls, messaging, interconnect fees, fixed and mobile broadband and related services such as providing televisual and music content, connection fees and equipment sales. Co. provides a range of consumer products and services including mobile, fixed voice, broadband and television, financial as well as other services to operators outside its footprint. Co. also provides a range of enterprise products and services including total communications such as mobile, fixed and a suite of converged communications services, internet of things, cloud and hosting and carrier services.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Stephane Beyazian

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