Tag #Vodafone

Showing 13 to 24 of 31 results

sueddeutsche.de

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Jun 3, 19:18

Vodafone Fined €45 Million for Data Security Breaches

Germany's Federal Commissioner for Data Protection and Freedom of Information fined Vodafone €45 million for two security breaches: €15 million for failing to detect fraudulent activity by partner companies altering customer contracts, and €30 million for a vulnerability allowing attackers to easily...

Vodafone Fined €45 Million for Data Security Breaches

Germany's Federal Commissioner for Data Protection and Freedom of Information fined Vodafone €45 million for two security breaches: €15 million for failing to detect fraudulent activity by partner companies altering customer contracts, and €30 million for a vulnerability allowing attackers to easily...

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Peace, Justice, and Strong Institutions

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What were the specific security failures that led to Vodafone's €45 million fine, and what immediate consequences resulted?

Vodafone was fined €45 million by Germany's Federal Commissioner for Data Protection and Freedom of Information for two security breaches. The first, a €15 million fine, resulted from Vodafone's failure to detect fraudulent activity by partner companies where employees altered contract details to the detriment of customers. A second €30 million fine was levied because attackers could easily exploit the "MeinVodafone" portal and hotline to access other customers' eSIM profiles.

theguardian.com

🌐 85% Global Worthiness

Jun 2, 13:14

Vodafone-Three UK Merger Creates £11 Billion Network Investment Plan

Vodafone and Three UK merged to form VodafoneThree, a company promising £11 billion in network investment over the next decade, creating a network with over 27 million subscribers; the merger was approved by the CMA under certain conditions.

Vodafone-Three UK Merger Creates £11 Billion Network Investment Plan

Vodafone and Three UK merged to form VodafoneThree, a company promising £11 billion in network investment over the next decade, creating a network with over 27 million subscribers; the merger was approved by the CMA under certain conditions.

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What are the immediate consequences of the Vodafone-Three UK merger for UK mobile network competition and consumer prices?

Vodafone and Three UK merged to form VodafoneThree, a company promising over £11 billion in network investment over the next decade. This merger, approved by the CMA with stipulations, reduces the major UK mobile network operators from four to three.

cincodias.elpais.com

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May 16, 19:14

Finetwork Halts Vodafone Payments, Triggering €50 Million Legal Battle

Finetwork, a Spanish MVNO using Vodafone's network, halted €50 million in payments, leading to cross-complaints with the CNMC and lawsuits. Vodafone seeks account seizures, while Finetwork claims Vodafone's breaches caused €150 million in damages; operations continue.

Finetwork Halts Vodafone Payments, Triggering €50 Million Legal Battle

Finetwork, a Spanish MVNO using Vodafone's network, halted €50 million in payments, leading to cross-complaints with the CNMC and lawsuits. Vodafone seeks account seizures, while Finetwork claims Vodafone's breaches caused €150 million in damages; operations continue.

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What are the potential long-term implications of this legal battle for the relationship between MVNOs and MNOs in Spain and beyond?

The legal battle between Finetwork and Vodafone underscores the vulnerabilities of MVNOs reliant on wholesale agreements. The outcome will significantly impact future MVNO-MNO relationships, influencing contract terms and potentially affecting pricing and service stability for millions of customers. The case raises concerns about the financial sustainability of rapid growth strategies driven by debt, impacting the telecom sector's long-term stability.

cincodias.elpais.com

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Mar 12, 07:12

Vodafone Wins Copyright Case, Triggering Potential Streaming Industry Upheaval

A Madrid court ordered AGEDI/AIE to return €906,150 to Vodafone for overcharged copyright fees on music in films and series streamed from 2015-2020, citing a 2020 EU ruling that music synchronized in audiovisual works doesn't require separate copyright payments. This decision, based on a Kantar repo...

Vodafone Wins Copyright Case, Triggering Potential Streaming Industry Upheaval

A Madrid court ordered AGEDI/AIE to return €906,150 to Vodafone for overcharged copyright fees on music in films and series streamed from 2015-2020, citing a 2020 EU ruling that music synchronized in audiovisual works doesn't require separate copyright payments. This decision, based on a Kantar repo...

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How did the 2020 EU court ruling and the Kantar report influence the outcome of Vodafone's case against AGEDI/AIE?

Vodafone's victory, based on a 2020 EU court ruling, challenges existing copyright practices for music in streaming services. The court found that music integrated into films and series loses its separate copyright status, impacting how streaming platforms pay for music rights. This differs from music used in separate recordings like TV shows.

dailymail.co.uk

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Feb 4, 16:11

Vodafone Q4 Sales Up 5%, Driven by UK and Africa, Offset by German Slowdown

Vodafone's Q4 2024 turnover rose 5% to €9.8 billion, driven by strong UK (€1.9 billion, +7.2%) and African (+11.6% organic services revenue) sales, offsetting a German decline (-6.4% service revenue) due to price hikes and regulatory changes; a UK merger with Three is planned.

Vodafone Q4 Sales Up 5%, Driven by UK and Africa, Offset by German Slowdown

Vodafone's Q4 2024 turnover rose 5% to €9.8 billion, driven by strong UK (€1.9 billion, +7.2%) and African (+11.6% organic services revenue) sales, offsetting a German decline (-6.4% service revenue) due to price hikes and regulatory changes; a UK merger with Three is planned.

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What are the long-term implications of the planned merger with Three UK for Vodafone, considering both opportunities and potential risks?

The pending merger with Three UK is crucial for Vodafone's future. Becoming the UK's largest mobile operator with a £11 billion investment in 5G infrastructure signals a long-term commitment to the UK market. However, challenges remain in Germany, where the company must navigate regulatory changes and customer price sensitivity.

theguardian.com

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Jan 7, 10:08

Vodafone Referred to Covid Corruption Commissioner Over Misuse of Pandemic Support

Following a legal claim alleging that Vodafone misused Covid-19 small business support, benefiting at the expense of its franchisees, MP John Hayes requested that the business secretary refer the telecoms group to the Covid corruption commissioner for investigation; the claim involves over 60 franch...

Vodafone Referred to Covid Corruption Commissioner Over Misuse of Pandemic Support

Following a legal claim alleging that Vodafone misused Covid-19 small business support, benefiting at the expense of its franchisees, MP John Hayes requested that the business secretary refer the telecoms group to the Covid corruption commissioner for investigation; the claim involves over 60 franch...

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What systemic issues are highlighted by Vodafone's alleged actions, and what measures could prevent similar occurrences in future crises?

The case highlights potential misuse of Covid-19 financial assistance, raising concerns about corporate conduct during the pandemic. Vodafone franchisees claim the company used its knowledge of government grants to reduce franchisee commission payments, effectively benefiting from support intended for small businesses. This underscores the need for stronger oversight of pandemic relief programs.

welt.de

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Jun 3, 13:13

Vodafone fined €45 million for data breaches

Vodafone was fined €45 million by Germany's data protection authority for two separate incidents: €15 million for insufficient partner oversight leading to fraudulent contracts, and €30 million for security flaws allowing unauthorized access to customer eSIM profiles, potentially facilitating furthe...

Vodafone fined €45 million for data breaches

Vodafone was fined €45 million by Germany's data protection authority for two separate incidents: €15 million for insufficient partner oversight leading to fraudulent contracts, and €30 million for security flaws allowing unauthorized access to customer eSIM profiles, potentially facilitating furthe...

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Peace, Justice, and Strong Institutions

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What were the primary causes of the €45 million fine levied against Vodafone, and what are the immediate consequences?

Vodafone was fined €45 million by German authorities for data breaches stemming from fraudulent contracts and security flaws. The breaches allowed unauthorized access to customer mobile profiles, potentially leading to further fraud. This is the highest fine ever imposed by the German Federal Commissioner for Data Protection and Freedom of Information.

dailymail.co.uk

🌐 75% Global Worthiness

Jun 2, 19:17

Vodafone-Three Merger Creates UK's Largest Mobile Network

Vodafone and Three UK's £15 billion merger, completed on May 31st, created VodafoneThree, the UK's largest mobile network, despite CMA concerns about higher prices, mandating £11 billion in 5G investment over 10 years with price caps for three years.

Vodafone-Three Merger Creates UK's Largest Mobile Network

Vodafone and Three UK's £15 billion merger, completed on May 31st, created VodafoneThree, the UK's largest mobile network, despite CMA concerns about higher prices, mandating £11 billion in 5G investment over 10 years with price caps for three years.

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What are the immediate consequences of the Vodafone-Three merger on UK mobile network infrastructure and consumer prices?

The £15 billion merger between Vodafone and Three UK, completed on May 31st, created VodafoneThree, the UK's largest mobile network with approximately 27 million customers. This merger, approved by the CMA despite anticipated price increases, mandates a £11 billion investment in 5G infrastructure over the next 10 years.

cincodias.elpais.com

🌐 85% Global Worthiness

Apr 19, 07:15

Digi Disrupts Spanish Telecom Market with 10% Market Share Gain

In 2024, Romanian telecom company Digi gained a 10% market share in Spain's fixed broadband and mobile sectors, fueled by aggressive customer acquisition through portability and low-cost offerings, contrasting sharply with the market share losses experienced by major competitors like Movistar, MasOr...

Digi Disrupts Spanish Telecom Market with 10% Market Share Gain

In 2024, Romanian telecom company Digi gained a 10% market share in Spain's fixed broadband and mobile sectors, fueled by aggressive customer acquisition through portability and low-cost offerings, contrasting sharply with the market share losses experienced by major competitors like Movistar, MasOr...

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How did Digi's aggressive customer acquisition strategy through portability contribute to its market share gains, and what are the implications for competition?

Digi's rapid expansion is a direct consequence of its low-cost strategy and effective use of number portability, enabling it to attract nearly 9 million customers. This contrasts sharply with established players like Movistar, MasOrange, and Vodafone, who all experienced market share losses. Digi's success demonstrates the effectiveness of a low-cost disruption strategy in a mature market.

cincodias.elpais.com

🌐 75% Global Worthiness

Feb 11, 13:11

Telefónica and Vodafone Launch Joint Fiber Optic Venture Fiberpass

Telefónica and Vodafone España created Fiberpass, a joint fiber optic company covering 3.6 million units, aiming to sell 40% to an external investor for €800-€1000 million, with operations starting soon.

Telefónica and Vodafone Launch Joint Fiber Optic Venture Fiberpass

Telefónica and Vodafone España created Fiberpass, a joint fiber optic company covering 3.6 million units, aiming to sell 40% to an external investor for €800-€1000 million, with operations starting soon.

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How does the Fiberpass venture compare to the MasOrange-Vodafone joint venture in terms of scale and potential market impact?

Fiberpass aims to improve Spain's connectivity by combining Telefónica and Vodafone's fiber optic assets. This joint venture seeks external investment of €800-€1000 million for a 40% stake, enhancing efficiency and market position. The deal awaits regulatory approvals, with initial interest from Vauban, AXA, Antín, and Pontegadea.

cincodias.elpais.com

🌐 75% Global Worthiness

Jan 8, 10:08

Finetwork Secures 10-Year Vodafone Contract with €40 Million Debt Write-Off

Finetwork, a Spanish MVNO using Vodafone's network, secured a 10-year contract extension after tense negotiations, including a €40 million debt write-off from Vodafone, granting access to Vodafone's 5G and fiber networks. This follows a period of threats by Finetwork to switch providers and a change...

Finetwork Secures 10-Year Vodafone Contract with €40 Million Debt Write-Off

Finetwork, a Spanish MVNO using Vodafone's network, secured a 10-year contract extension after tense negotiations, including a €40 million debt write-off from Vodafone, granting access to Vodafone's 5G and fiber networks. This follows a period of threats by Finetwork to switch providers and a change...

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What are the long-term challenges facing Finetwork, and how might its new strategic direction impact its future success?

Finetwork's future hinges on its ability to achieve profitability. While the new contract secures network access, its financial situation remains precarious, as evidenced by past losses and ongoing litigation. The recent CEO change suggests a shift in strategy towards financial stability.

repubblica.it

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Jan 2, 16:13

Fastweb + Vodafone: Swisscom Completes Acquisition, Reshaping Italian Telecoms

Swisscom finalized its acquisition of Vodafone Italy on December 31, 2024, merging it with Fastweb to create Fastweb + Vodafone, a leading Italian telecommunications operator with over 20 million mobile and 5.6 million fixed lines; the merger is expected to generate €600 million in annual synergies ...

Fastweb + Vodafone: Swisscom Completes Acquisition, Reshaping Italian Telecoms

Swisscom finalized its acquisition of Vodafone Italy on December 31, 2024, merging it with Fastweb to create Fastweb + Vodafone, a leading Italian telecommunications operator with over 20 million mobile and 5.6 million fixed lines; the merger is expected to generate €600 million in annual synergies ...

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How will the merger of Fastweb and Vodafone affect consumer services and pricing?

This merger creates significant market consolidation in the Italian telecommunications sector. Fastweb + Vodafone's combined market share surpasses that of TIM and Wind Tre in mobile and fiber broadband, resulting in increased market dominance and potential impacts on pricing and innovation.

Showing 13 to 24 of 31 results