Vodafone news for the period of November 2010.

1. 01/11/2010: Started tracking Vodafone stock price 170.60

2. 05/11/2010: FTSE 100 rose to the level of 5875, almost 11%
high from the mid-august levels of 5266. Vodafone stock also
gained and reached to a level of 173.90. The markets are high
because of the factors like company results are coming out
good and borrowing rate are low within the markets (source:
http://www.londonstockexchange.com/exchange/prices-and-
markets/stocks/indices/summary/summary-indices-
chart.html?index=UKX).
3. 10/11/2010: Some big news from Vodafone, its CEO Vittorio
Colao gave strong signals of hanging on with 45% stake in
Verizon Wireless. Verizon is the most prized asset for
Vodafone, which is worth £40bn, and shareholders want it to
generate more value. Also Vodafone announced to sell its
interests in Japanese carrier Softbank for £3.1bn. The
Vodafone group revenues rose 1.8% to £22.6bn in the first-
half and underlying profits fell 2.8% to £7.4bn. Also,
Vodafone had to write down £800m for its operations in
Greece due to the effects of recession. Interim dividend of
2.85p has also been announced. Stock market had mixed
reactions to these news and stock price fluctuated a bit, but
closed at 173.40 & FTSE 100 at 5817.
4. 11/11/2010: According to ‘The Telegraph’ after the interim
results Vodafone's new strategy could deliver real growth. The
newspaper published that to create a more valuable
Vodafone; the world's largest mobile phone group will focus
its efforts on operations in Europe, India and Africa. The
newspaper also revealed that Vodafone would use £2.3bn of
excess cash to fund a share buy-back programme. It finally
recommended a ‘Buy’ call for Vodafone stock. The stock
 remained quite stable at 171.90 with low trading volumes of
77,146,500 & FTSE 100 at 5815.
5. 17/11/2010: The Indian government asked Vodafone to pay a
down-payment of £344m for its tax bill of £1.6bn, which is for
acquiring a controlling stake in one of India’s leading mobile
operator back in 2007. The effect of the news is shown on the
market and Vodafone stock fell to the levels of 166.95 & FTSE
100 at 5693.

Overall global-market news put Footsie under fear, due to news

related to Ireland bailout and UK Chancellor George Osborne
showing his support towards Ireland. American markets didn’t
performed too well and news from American housing market was
also not encouraging. Also, speculations about China increasing the
interest rates to control inflation send jitters to the market. The
stock remained low for the week, and trading volumes also
remained low.

6. 22/11/2010: French media giant Vivendi is looking to acquire

Vodafone's 44% stake in the French mobile phone network,
SFR for £7bn. The cash will strengthen Vodafone’s balance
sheet and could be used by Vodafone to acquire phone and
broadband operator TalkTalk. Vodafone stock price 166.10 &
FTSE 100 at 5681.
7. 26/11/2010: Vodafone's Indian adventure took some
unsettling turn, when flawed auction process revealed that
Indian government lost almost $39bn, in mobile airwaves
auction. Now Vodafone, with other mobile operators in India,
could be asked to pay additional £630m in a wider settlement
within the industry. Combining with the tax gains bill,
Vodafone could soon be pushing up the price of its entry to
the Indian mobile phone market by £2.3bn. On a positive note
for Vodafone, the Indian mobile phone industry could
 consolidate in future and could lead Vodafone to achieve long-
term returns on its investment in India. Stock price 165.30 &
FTSE 100 5669.
8. 29/11/2010 and 30/11/2010: Global equity and bond markets
fell during the week due to political risk in the form of
financial crisis came from Euro-zone countries like Ireland.
Also military crisis in the Korean peninsula led the global
markets to fall. Vodafone closed on month low level of 159.30
and FTSE 100 closed at 5551. News from Everything
Everywhere (company formed by the merger of T-Mobile and
Orange) to sell about a quarter of its 1800MHz spectrum for
tens of millions of pounds by auction could be a positive for
Vodafone.