Vodafone Group Plc (ADR) (NASDAQ:VOD), the world’s second-largest mobile-phone operator, and Hutchison Whampoa Ltd are in discussion to combine their phone networks in Ireland, according to 2 persons with knowledge about the matter.
The people, who refused to be identified as the matter is secret, stated that the operators were close to a deal to pool their infrastructure in a joint venture whereas no deal has been signed. The people reported that the phone corporations aim to keep their separate brands and frequencies in Ireland. Hong Kong billionaire Li Ka-shing’s Hutchison Whampoa owns the 3 Ireland operators.
An agreement would follow a similar deal between Vodafone and Telefonica SA (ADR) (NYSE:TEF) O2 unit in the United Kingdom, reported previous month, as operators look for approaches to lower costs before deploying new high-speed networks.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. BT Group plc (ADR) (NYSE:BT) decreased -0.82% to settle at $33.71, Telefonica S.A. (ADR) (NYSE:TEF) moved up +0.76% to end at $13.24 while Turkcell Iletisim Hizmetleri A.S. (ADR) (NYSE:TKC) plunged -0.71% to finish on Tuesday at $12.50.
Vodafone Group Plc (ADR) (NASDAQ:VOD) last session volume of 4.97 million shares was surprisingly higher than its average volume of 9.00 million shares. The stock after opening at $28.08 hit high price of $28.25 and then closed at $28.24 by scoring -0.16%.
The liquidity measure in recent quarter results of the company was recorded 0.83 as current ratio and on the other side the debt to equity ratio was 0.45 and long-term debt to equity ratio also remained 0.37. The Company had total cash at hand $13.00 billion and a book value per share as $24.32 in the most recent quarter.
The stock price volatility was 1.13% for a week and 1.11% for a month as well as price volatility’s Average True Range for 14 days was 0.34 and its beta remained 0.78.
VOD generated revenue of 72.90 billion in the following twelve months and earned $10.93 billion. The Company showed a positive 15.09% in the net profit margin and as well as in its operating margin which remained 24.10%. Company’s annual sales growth for the past five year was 8.34%.
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