Vodafonewatch – release #168

25 September 2018

Featured insight: Read preps another layer of savings

Nick Read, Vodafone

  • Incoming Group CEO Nick Read spoke at Goldman Sachs’ Communacopia Conference about how Group strategy will develop under his leadership, but indicated no major change in direction.
  • Read’s means of lancing considerable shareholder pressure on the Group is merely to tighten up efficiency programmes he implemented while Chief Financial Officer.
  • Does the tight rein on costs have a deeper agenda of toning the Group up for a major M&A move?

Vodafonewatch subscribers can enjoy full coverage and analysis of this story, and much more, in September’s release – click to get access.

Image: Vodafone / Flickr

 


Vodafonewatch
This release
: #168
September 2018: 46pp
Releases/year: 10+
Click for more details of this release

EXECUTIVE BRIEF

GROUP: Read preps another layer of savings [p.6]

  • Tower power

DEALS: Read continues to trim ex-Euro squad [p.9]

  • Table: VHA and TPG financial and KPI comparison
  • Table: The new entity’s convoluted ownership
  • Ditching the awkward squad

NETWORK: Group lays out 2019 NBIoT goals [p.16]

  • Still a lot of NB‑IoT loose ends
  • Panasonic partnership progressing

Table: People movements [p.19]

GERMANY: Vodafone rams EWE with lawsuit [p.24]

  • EWE‑turn?

NETHERLANDS: Ericsson gets another network services ‘in’ [p.26]

  • VfZ gets breather on proposed cable regulation
  • VfZ opens door to DOCSIS 3.1

PORTUGAL: Huawei and Vodafone complete next phase of BNG tests [p.32]

VODAFONE HUTCHISON AUSTRALIA: VHA bristles at Huawei, ZTE exclusion from 5G [p.36]

  • It’s not just 5G
  • Under the influence?

 VODACOM GROUP: DOCOMO Digital knits Vodacom Airtime to Google Play [p.40]

 FURTHER READING

 INDEX

A

Accel Partners 41

Aditya Birla Group 18

 - Idea Cellular 18

Africa 35, 38, 39, 40, 43

 - Burkina Faso 38

 - Congo 17

 - Egypt 17, 37, 43

 - Ghana 17, 38, 43

 - Ivory Coast 38

 - Kenya 17, 19, 41

 -- Lesotho 17

 - Mozambique 17

 - Nigeria 17

 - South Africa 16, 20, 31

 - Tanzania 17, 43

 - Togo 38

Alcatel-Lucent 18

Amalgamated Telecom Holdings (ATH)

 - Vodafone Fiji 8, 13

Americas

 - Argentina 42

 - Brazil 14

 - Chile 14

 - Latin America 14

 - North America 13, 21

 - Peru 14

 - South America 14

 - USA 8, 21

Asia-Pacific 13, 20

 - Australia 9, 10, 11, 12, 13, 14, 16, 31, 36, 37, 38, 42, 43

  -- FIRB 9

  -- NBN 11, 38

 - China 31, 36, 37, 38

  -- Government 38

 - Fiji 38

  -- Commerce Commission 39

 - Hong Kong 12

 - India 6, 8, 12, 13, 17, 18, 31

 - Malaysia 13

 - New Zealand 12, 16, 17, 21, 39, 43

  -- Commerce Commission (New Zealand) 39

 - Singapore 10

Australian Competition and Consumer

 - Commission (ACCC) 9

Axiata Group Bhd (TM International) 18

 - India (Idea Cellular, see also Aditya Birla) 13, 18

B

Bank of America 10

 - Merrill Lynch 10

Barclays plc 8

Bharti Group

 - Indus Towers 8

British Broadcasting Corp. (BBC) 43

BT Group 33

BUONGIORNO S.p.A. 40, 43

C

China Mobile 31

China Telecom 31

China Unicom 31

Cisco Systems 7

D

Datora Telecom 14

Deutsche Bahn 18

Deutsche Bank 10

Deutsche Post 18

Deutsche Telekom 25

 - Europe 25

  -- Netherlands 31

 - Germany 24, 25

DHL Worldwide Express 18

DIEHL Metering 18

du (Emirates Integrated Telecommunications) 20

E

Entel PCS 14

Ericsson 7, 17, 18, 26, 27, 31, 42

Ernst & Young 19

Europe 7, 9, 12, 13, 17, 22, 28, 29, 31, 42

 - Albania 17

 - Austria 26

 - Czech Republic 7, 16, 27, 31

 - Germany 7, 16, 17, 18, 19, 24, 25, 26, 31, 40, 42

 -- Bundeskartellamt 25

 -- BNetzA 24, 25

 -- Federal Cartel Office 25

 -- Länder

 --- Bavaria (Munich) 25

 --- Bremen 24

 --- Hamburg 25

 --- Lower Saxony (Hanover) 24

 --- North Rhine-Westphalia (Düsseldorf) 18

 - Greece 16, 20, 21

 - Hungary 7, 16, 19, 26, 31

 - Ireland 16, 26

 - Italy 6, 16, 21, 27, 31, 40, 42, 43

 - Malta 17

 - Netherlands 7, 16, 26, 28, 29, 31,42, 43

 - Poland 26

 - Portugal 7, 16, 17, 31, 32, 43

 - Romania 7, 16, 20, 31

 - Russia 14

 - Spain 6, 7, 16, 21, 31, 33, 43

 - Sweden 26

 - Turkey 16, 31

 - United Kingdom (UK) 16, 20, 26, 31, 33, 40, 41, 43

 -- Advertising Standards Authority 33

European Union 25

 - Council of the European Union 25

 - European Commission 28, 29, 42

 - European Court of Justice 27

 - European Parliament 25

EWE

 - EWE Tel 24, 25, 42

F

Fujitsu 39

G

Goldman Sachs 6, 42

Google 33, 40, 43

 - Google Apps 33

 - Google Play 40, 43

GSM Association (GSMA) 31

H

Herbert Smith 10

Huawei Technologies 17, 18, 30, 31, 32, 36, 37, 38, 43

Hutchison Whampoa 10, 12, 13, 42, 43

 - Hutchison 3G Australia Pty Ltd 10, 12

 - Hutchison Telecommunications

 - Hong Kong Ltd (Hutchinson Telecom/HTHKH/3 Hong Kong) 10

 - Vodafone Hutchison Australia Pty Ltd (VHA, (see Vodafone) 8, 9, 10, 11, 12, 13, 14, 20, 36, 37, 40, 42, 43

I

IBM 27

Indus Towers 8

ING 8, 42

K

KPN 28, 29

Kudelski Group

 - NAGRA 42

L

LG Electronics 31

Liberty Global 7, 26, 29, 31, 42

 - UPC Germany GmbH

 - Unitymedia GmbH 31

M

Macquarie Bank 10

McKinsey & Co 20

Middle East

 - Egypt 17, 37, 43

MTN 20

N

NetCologne 25

Netcracker Technology 18

Netflix Inc. 40, 43

Nokia 18, 37

 - Alcatel-Lucent 18

Norton Rose LLP 10

NTT 40, 43

 - DoCoMo 43

O

Open Network Automation Platform 18

P

Panasonic 18, 42

Q

Qualcomm 31

S

Safaricom 8, 19, 40, 41

 - M-PESA 40, 41

Samsung 20, 31

Seven West Media 20

Singapore Telecom

 - Optus (Australia) 11, 12, 13, 14

Sistema

 - Mobile TeleSystems 14

T

Techem 18

Telecom Argentina 14

Telecom Egypt 13, 37

Telecom Italia

 - Telecom Italia Mobile 31

Telkom South Africa 19

Telstra 11, 12, 13, 14

Texas Pacific Group (TPG) 8, 9, 10, 11, 12, 13, 14, 37, 42

TiVo 7

U

United Internet

 - 1&1 Internet 24, 25

UPC 20, 31

V

Vodacom Group 8, 19, 40, 41, 43

 - Congo 17

 - Gateway Communications 32

 - Group 8, 19, 40, 41, 43

  - Lesotho 17

 - Mozambique 17

  - South Africa 16, 20, 31

  - Tanzania 17, 19, 40, 43

Vodafone

 - Africa, Middle East, and Asia Pacific Region (AMAP) 17, 35, 39, 40, 43

  -- Africa 35, 39, 40, 43

  -- Asia 13, 20

  -- Australia 10, 11, 13, 14, 16, 31, 36, 37, 38, 42, 43

    --- VHA Pty. Ltd (see Hutchison Whampoa) 9, 10, 11, 12, 13, 14, 20, 36, 37, 40, 42

  -- Egypt 8, 13, 17, 37, 43

  -- Ghana 17, 38, 43

  -- India 6, 8, 10, 12, 13, 17, 18, 31

   --- Indus Towers 8

 -- Kenya (see Safaricom) 8, 17, 19, 40, 41

 -- New Zealand 8, 12, 16, 17, 20, 21, 27, 39, 43

  --- TelstraClear 20, 39

 -- Pacific 13, 20

 -- Qatar (see Vodafone and Qatar Foundation and Vodafone Qatar) 8, 13

 -- South Africa (see Vodacom) 8, 16, 19, 20, 31, 40, 41, 43

 -- Turkey 16, 31

- Europe Region 22, 42

 -- Albania 8, 13, 17, 20

 -- Czech Republic 7, 16, 27, 31, 42

 -- Germany 7, 16, 17, 18, 19, 24, 25, 26, 27, 30, 31, 40, 42

  --- KDG Holding GmbH (Kabel Deutschland) 30, 31

 -- Greece 16, 20, 21

  --- Hellas On Line (HOL) 20

 -- Hungary 7, 16, 19, 20, 26, 31

 -- Ireland 16, 26

 -- Italy 6, 16, 20, 21, 27, 31, 40, 42, 43

 -- Malta 8, 13, 17, 20

 -- Netherlands 7, 16, 20, 26, 27, 28, 31, 42, 43

  --- VodafoneZiggo 7, 17, 26, 28, 30, 31, 43

-- Portugal 7, 16, 17, 31, 32, 43

 -- Romania 7, 16, 20, 31

 -- Spain 6, 7, 16, 21, 30, 31, 33, 43

  --- Grupo Corporativo Ono (ONO) 7, 30

-- UK 16, 20, 26, 27, 31, 33, 40, 41, 43

- Executives

 -- Anns, Jonathan 19

 -- Berroeta, Inaki 10, 14

 -- Colao, Vittorio 19, 25

 -- Debreczeni, Dora 19

 -- Heeran, Fran 18

 -- Koomen, Liesbeth 20

 -- Lloyd, Dan 36

 -- Pickering, Sandra 39

-- Pous-Fenollar, Mabel 19

-- Read, Nick 6, 11

-- Stanners, Russell 39

- Ex-executives

 -- Knook, Pieter 20

 -- Shuter, Rob 20

- Group 19, 26, 42

 -- Headquarters 16

- Marketing

 -- Internet Services 20

- Partner Markets 10, 14, 19

 -- Brazil (Grupo Datora

   --- Telecom/Vodafone Brasil) 14

 -- Chile (Entel PCS) 14

 -- Fiji (Vodafone Fiji) 8, 13

 -- Hong Kong (Hutchison Telecom) 10

 -- Japan (NTT DoCoMo) 43

 -- Kenya (Safaricom) 8, 19, 40, 41

 -- Russia and CIS (MTS) 14

 -- Singapore (StarHub) 10

 -- United Arab Emirates (du) 20

- Products

 -- 360 20

 -- Liberty (Malta) 7, 26, 27, 29, 31, 42

 -- One Net 33

 -- Vodafone TV 21

Vodafone Qatar Q.S.C. 8, 13

W

Weather Investments

- Orascom Telecom

 -- Wind Telecomunicazioni 27

World Bank 38

Z

ZTE Corp. 31, 36, 38, 43

 

Within this release

Vodafone Group: Read plans a raid on TV supply chain

Vodafone is finally looking to tidy up its web of disparate television services stacks, and cut costs through a squeeze of suppliers. Read more…

New Vodafone boss Read continues to trim ex-Euro squad

Vodafone again displayed desperation to reduce Group exposure outside its European core, agreeing to meld Vodafone Hutchison Australia and partner/competitor TPG Telecom. Read more…

DOCOMO Digital knits Vodacom Airtime to Google Play

Vodacom Tanzania tied with m-commerce enabler DOCOMO Digital to allow customers to pay for Google Play products using VdT’s Vodacom Airtime carrier billing system. Read more…

Huawei and Vodafone complete next phase of Broadband Network Gateway tests

Vodafone and Huawei Technologies completed a second phase of tests focused on a cloud-based Broadband Network Gateway for fixed-line broadband. Read more…

Ericsson gets another network service ‘in’ at VodafoneZiggo

Ericsson strengthened post-merger ties with VodafoneZiggo, flagging an extension of its “partnership” with Vodafone’s co-parent Liberty Global. Read more…

Featured insight: TPG’s David Teoh turns telecoms Goliath

  • Proposed VHA-TPG tie-up has been hailed by TPG as a ‘merger of equals’, underlining the incredible rise of Teoh and TPG in going from a fringe‑player flogging computers to a starring telecoms role alongside Telstra, Optus, and VHA.
  • Publicity-shy TPG CEO David Teoh turned TPG into a major internet service provider and putative mobile network operator (MNO) through a series of canny acquisitions.
  • The TPG man is sure to cause a stir in the VHA boardroom with his unusual mix of private shyness and corporate aggression — Teoh is all about big‑splash moves and market disruption, and is keen to invest heavily in the latest technologies (as VHA saw first-hand in 2015 deal with TPG linking up VHA’s cell sites with dark fibre).

Vodafonewatch subscribers can enjoy full coverage and analysis of this story, and much more, in September’s release – click to get access.

Image: TPG / Wikipedia

 

Also within Vodafonewatch #168

Vodafone continues to offload risk in markets which do not fit into the Group’s European/convergence-led core, as VHA becomes the latest cord cut following the Vodafone India merger and jettisoning of Vodafone Fiji and Vodafone Qatar.

  • Group has no qualms about dropping businesses that do not fit the bigger picture, raising questions about the future of other awkwardly-sitting OpCos such as Vodafone Albania, Vodafone Malta (whose Melita merger fell through in 2017), and Vodafone Egypt.
  • VHA tie‑up the Group’s first step through the Australian exit door?

All this and much more in 46 pages of perspectives on Vodafone’s key people, deals and strategy that you can’t get anywhere else…

  • Vodafone Germany opened up yet another front in legal and regulatory battle with incumbent Telekom Deutschland over next-generation network strategy.
  • Geopolitical turbulence around Vodafone’s close relationship with Huawei remains, this time affecting VHA.
  • Vodafone Group lays out 2019 NB-IoT goals.
  • 20+ People movements uncovered.
  • 35+ Vendors featured.

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