Vodafone (VOD.L) Shares Plummet 0.12%: Is It The Right Moment to Invest In?

As of July 21, Vodafone loses 0.12%. The price is standing at 113.48GBP. Since the prior close at 113.34, the company gained 0.14 GBP. Vodafone is on the decline over the past few years. Its highest point was back in 2016 when the price peaked at 238.85 GBP. Currently, the firm is quite volatile with a beta score of 0.89. Ericsson ERIC recently signed a contract with Vodafone Spain, an operational entity of Vodafone Group, to assist the latter in the deployment of a pre-commercial 5G network across the European country. The Nordic business will also supply support services for the SA network’s full cloud-native 5G Core apps.

User demand for coverage speed and quality has risen dramatically with the introduction of the smartphone industry. Furthermore, network tweaking and optimization are required to sustain performance with growing traffic. Ericsson, as one of the leading telecommunications service providers, is in great demand by operators looking to extend network coverage and modernize networks for increased speed and capacity, so Vodafone might increase its share prices in the coming months.

Paul Meyer

Part-Time Reporter. Paul could do better in his engineering profession where he became a real pro. However, he chose the finance field to find a tranquil environment in his career. Today he creates a good number of great content for our team.

Want Hot Stocks?    Yes. I Love Them No thanks