Kenya's Safaricom plans Ethiopia expansion after profit jump [Reuters]
VODACOM GROUP LTD S/ADR (VDMCY)
NASDAQ:AMEX Investor Relations:
vodacom.com
Company Research
Source: Reuters
Kenya's Safaricom plans Ethiopia expansion after profit jump - Reuters 3 Min Read NAIROBI (Reuters) - Kenya’s Safaricom ( SCOM.NR ) plans to bid for one of two Ethiopian telecoms licenses next year in partnership with South Africa’s Vodacom ( VODJ.J ), it said after posting a jump in first-half profit on Friday. East Africa’s most profitable company hopes to replicate its Kenyan success in neighboring Ethiopia, acting CEO Michael Joseph said. “It is the biggest prize left in Africa from a telecommunications point of view,” he told an investor briefing, referring to Ethiopia’s huge protected market and population of more than 100 million. Officials plan to award two telecoms licenses to multinational mobile companies by April 2020, the Ethiopian communications regulator said last month, as it opens up its market to foreign investors. [nL5N2774Z7] Ethio Telecom, the state monopoly, has also taken steps toward offering a minority stake to a strategic investor. [nL3N26N2JO] Safaricom
Show less
Read more
Impact Snapshot
Event Time:
VDMCY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
VDMCY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
VDMCY alerts
High impacting VODACOM GROUP LTD S/ADR news events
Weekly update
A roundup of the hottest topics