The Latest Breaking News from VOD

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 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…

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…

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…