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LUXEMBOURG--(BUSINESS WIRE)-- #Cellular--KT Corporation, LG Electronics Inc. and Vodafone Group Services Limited have become the latest companies to join Sisvel's Cellular IoT patent pool, further cementing the programme's status as the one-stop licensing solution for cellular IoT device makers. With these additions, more than 50% of all NB-IoT and LTE-M SEPs are now available through a single pool licence from Sisvel. The programme enables implementers to gain access to 34 separate patent portfolios in on.

Vodafone (LON: VOD) share price has risen gradually this year as investors flocked back to UK telecom companies. It has risen by 11.7% this year, beating the FTSE 100 index, which has risen by 7.50% this year.

A proposed tie-up between Vodafone Group PLC (LSE:VOD) and Three UK is needed, the chief financial officer of the latter has claimed after it reported a £30 million interim operating loss. Highlighting reduced capital expenditure over the first six months of the year, Three UK chief financial officer Darren Purkis warned the merger was the only way for the company to ramp up investment.

Global telecoms blue chip Vodafone Group PLC (LSE:VOD) has announced €500 million (£429.5 million) share buyback programme to run from this Wednesday through to 29 November. Vodafone tapped Wall Street banking giant Goldman Sachs to facilitate the buybacks, which will see around 2.5% of Vodafone's current market value returned to share holders.

Vodafone has been underperforming for over a decade, and is down 20% since May 2023, when CEO Margherita Della Valle announced a turnaround plan. The company has made good progress against its strategic objectives, improving customer satisfaction, driving productivity, and accelerating growth in most businesses in FY24. The group just completed the sale of Vodafone Spain and expects the sale of Vodafone Italy to close by early 2025, committing to use cash proceeds for deleveraging & buybacks.

Vodafone Group PLC (LSE:VOD)'s chief executive Margherita Della Valle inherited a bloated, underperforming business when she secured the top role 15 months ago. A trading update from the FTSE 100-listed communications giant shows that her turnaround plan, though progressing as expected, is still facing many of the same challenges that preceded her.

Vodafone reported a 5.4% rise in service revenue in the first quarter, a slowdown on the previous three quarters, after its biggest market Germany went into reverse due to changes in cable TV regulation.

Vodafone (LON: VOD) and BT Group (LON: BT.A) shares have remained in a tight range in the past few weeks as investors focus on their upcoming earnings and their internal actions. BT Group stock was trading at 140p on Wednesday, inside the range where it has been since June 25th.

Vodafone Group PLC (LSE:VOD) has drummed up €1.3 billion from further selling down its stake in Frankfurt-listed mobile towers venture Vantage Towers, which it said it will use to trim its massive debt pile. The telecoms group said it sold another 10% stake in Oak Holdings, the partnership that co-controls Vantage, which means Oak now has a 50-50 joint ownership structure with the consortium of infrastructure investors owning the other half, as set out when the Vantage was spun out.

Britain's Vodafone has sold a further 10% stake in Vantage Towers for 1.3 billion euros, bringing its shareholding in the European mobile phone mast group down to the intended level alongside infrastructure investors.