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The Latest Breaking News from VOD

After Microsoft And Nvidia, This Major Apple Supplier Became Ransomware Target

Key Apple Inc (NASDAQ:AAPL) supplier Hai Precision Industry Co Ltd (OTC:HNHPF), operating as Foxconn, was hit by a ransomware attack on May 31, the Bleeping Computer reports. The attack disrupted operations at one of Foxconn's Mexico-based production plants. The Foxconn Baja California plant produced medical devices, consumer electronics, and industrial operations, the TechCrunch reports. Also Read: President…

Jefferies Downgrades Vodafone For First Time In 2 Years

Jefferies Downgrades Vodafone For First Time In 2 Years

Jefferies downgraded Vodafone Group Plc (NASDAQ:VOD) for the first time in two years, citing the telecom group's vulnerability in tackling rising inflation and headwinds in Germany, Reuters notes. Analyst Jerry Dellis noted that Vodafone is facing intense competition in several key markets amid rising costs. He downgraded the company to Hold from Buy. Also Read: Vodafone…

Vodafone Mulls Merging UK Unit With CK Hutchison's Three

Vodafone Mulls Merging UK Unit With CK Hutchison's Three

Telecoms group Vodafone Group Plc (NASDAQ:VOD) is in talks to combine its U.K. operations with Three UK, the mobile operator owned by Hong Kong infrastructure conglomerate CK Hutchison Holdings LTD (OTC:CKHUY), the Financial Times reports. The deal could help consolidate the British mobile market as Vodafone faces pressure from Europe’s most prominent activist investor, Cevian…

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Vodafone Receives Takeover Bids For Vantage Towers: Reuters

Global infrastructure funds approached Vodafone Group PLC (NASDAQ:VOD) to invest in its $16 billion mast company Vantage Towers AG (OTC: VTAGY), Reuters reports. The bidders, including investment firms Brookfield and Global Infrastructure Partners, submitted proposals valuing Vantage Towers at a premium to its current valuation of €15 billion ($16.57 billion). Also Read: This French Carrier Offers To…

Cyber Hackers Target Vodafone After Breaching Nvidia, Samsung

Vodafone Group PLC (NASDAQ:VOD) is investigating Lapsus$' claims of a data breach, CNBC reports. The group noted for breaching Samsung Electronics Co Ltd's (OTC:SSNLF) source codes of Galaxy-branded devices, threatened to leak Vodafone's source code. In February, the group also accepted responsibility for NVIDIA Corp's (NASDAQ:NVDA) data breach. On March 7, the group initiated a poll on the Telegram…

Hopeful Golden Cross Forms On Vodafone Group's Chart

If history is any guide, there may be good fortune ahead for shares of Vodafone Group (NASDAQ:VOD). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.

This French Carrier Offers To Acquire Vodafone's Italian Unit

Iliad SA, the French carrier backed by telecom billionaire Xavier Niel, offered to acquire Vodafone Group Plc's (NASDAQ:VOD) Italian unit, Bloomberg reports. The financial terms of the offer remain undisclosed. Vodafone is currently looking for merger opportunities in the U.K., Spain, Italy, and Portugal. Iliad is also looking to purchase a rival phone…

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2 Downgraded Telecom Stocks to Avoid

2 Downgraded Telecom Stocks to Avoid

The growing adoption of 5G technology should make the telecom industry highly competitive this year. But the FAA has warned that the new technology can hamper altimeters in planes, a revelation that could impact the 5G technology industry’s growth trajectory. Therefore, we think fundamentally weak telecom stocks Vodafone (VOD) and…

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