vodafone is doing well in terms of its numbers.rter organic service revenue is falling but not much is expected. it is down 0.4%. analysts will expect a doubling of that. full-year earnings will be [inaudible] the question is what does but a phone do next? they themselves have said in the u.k. the used to be the dominant force and there are now bottle -- bottom of the heil. we are expecting them to go to the bottom of the heil. how can the come back? when -- we want to understand how quickly. it is trying to organically grow a competition to the southern quad play players. they could get in with liberty global which owns for urgent media. automatically they inherit tv capability, broadband capability. it has been something that has been debated within vodafone. they have been looking at the regulatory issues, a thought liberty global would be a good combination. liberty global and vodafone have been racing off to the same sorts of -- assets. bvodafone knows how to be all things to all men. they have been doing it in germany and spa

. >> the telephone company's targeted were vodafone and the united arab emirates based company. they took place around 6:30 in the morning. they were quite small. the third bomb was outside a popular restaurant in a working-class neighborhood appeared three workers were injured, one of which killed. another injuring six people, including police personnel. we have seen these kinds of attacks increase in recent months. there was a huge spike in deadly attacks that almost exclusively targeted the army and security personnel and killed soldiers and policemen. they have spread to mainland egypt with attacks texan cairo and the delta region. a militant group has pledged allegiance to the islamic state. we have seen an increase in these kinds of smaller bombs that have targeted public spaces, commercial interests -- earlier this month, there was a small bomb found inside of cairo's largest shopping malls. it is unclear who is behind these attacks. police are in full alert across the capital. the egyptian government is portray egypt as a stable -- the attacks this morning, some of which

what vodafone announced confirms that.ink europe is turning around the corner in terms of renewed investment in infrastructure. in asia as a whole, the activity remains robust. china will see significant activity. the first half of this year given the continued focus on rollouts. as far as the u.s. is concerned it remains a healthy market. we expect some differences from last year. last year was a year where investment was front loaded. we expect the reverse this year. the second half to be heavier than the first half. that is the function of events happening in the u.s. market. regulation, the debate on net neutrality. a spectrum purchases. competitive pressures which may lead some operators to exhilarating investments. others to reduce. overall, the rate of the market is we expect a slower h one than h2. >> can you tell us more about what is happening in the telecommunications industry? it is quite exciting in the u.k. bt has bought ee. there are talks -- it is very exciting. what does it mean for companies like you? all

will vodafone keep pushing.n reach is the network bt have where mobile operators use it and the claim that vodafone is pushing for awhile is hang on a moment. why would we not be worried about the deal we're getting, the network provider. and they obviously don't want to let go of open reach because it makes about 1.5 billion of cash of 2.5 billion they have. so this will all be in the competition authorities. >> it's a developing story. u.k. a bright spot but another bright spot india. so interesting story there. thank you so much for bringing us the latest on vodafone and the telecom industry. it's been a steady run with the stock index up 11% over the past year. we speak to the ceo of the stock exchange coming up next here on worldwide exchange. >> also we have carolyn speaking to the ceo of swatch. nick hayek. we'll be back in a couple of minutes. >> the greek government is put to the test. shares plunge and government yields rise after the ecb will no longer buy greek debt. >> but the greek finance minister

vodafone has signed a deal with bt to offer broadband. it wants to build its own tv network itself. noticeably absent in terms of m&a. jonathan: the other big story is greece. we will be talking about it after the break. reacting to last night's decision to restrict some liquidity to the greek banks by the ecb. the yield up 278 basis points. hardly any liquidity in this market we will be talking about bonds. stay tuned for that. ♪ jonathan: welcome back to "on the move." i am jonathan ferro. 30 minutes into the trading day. here is your picture of the markets. ftse 100 lower by half of 1%. the dax is up by almost one third of 1%. ftse mib in italy. the greek stock markets just start to open up. many people expect losses to accelerate through the morning. the ecb removes some financing for greek banks. that is the equity market story. the moves in the greek bond market are quite significant. there is very little liquidity here and only a few trades, but a three-year up 330. greek yields are higher. we want to dive into these markets and look through some of the top stories, with caro

in the european -- ahea of a vodafone ind the european market. >> at they are thinking outside of the signing with a bar to be. >> you buy a phone and it is really about a company, a telecom company expanding into the attack world there -- into the tech world. data will be vouchers. airbnb has a growth structure and once to get it onto as many devices as possible. this is where they are thinking differently and more like a tech company in terms of traditional telecom company than they were. >> hans nichols. >> a new capital cities suggest is close to unveiling a new cairo. we will ask about the plan. a bloomberg exclusive. >> revamping ryan air and the man of ahead of shaking of the image. that is coming up. ♪ >> welcome back to "the pulse." i am francine lacqua. >> i am guy johnson. u.k. gdp numbers. that matches initial estimates. >> it is confirmation. there should not be too much reaction and there's not been too much reaction. now -- >> an exciting story. egypt is unveiling a plan for a new capital city. it will be billed by an unnamed uae company. debtor built by an unnamed uae

the question becomes, does vodafone answer? they hinted they had a 19 billion pounds expansion program where they were upgrading their global network. vodafone has hinted that they don't want to go forward. it looks like they have a solid bead on all their top numbers. they still get quite a bit of revenue from the states. one quick note on deutsche telekom u.s., they are assuming a one dollar 33. that may be giving them a little more cash flow from the u.s. than if the euro stays low they could have even more. >> what is this we here about them teaming up with airbnb? >> deutsche telekom has been partnering with a lot of tech companies. this is a way to get in line and have conversations with tech companies. they are offering the airbnb app preinstalled on the phones they sell in their store. there is a voucher accompanying that. it's a way for deutsche telekom to expand their reach and become almost a tech company in addition to a telecom company and it paves the way for airbnb to have a lot more customers prepackaged from de

a number -- if you look in december we took 11% market share, larger than vodafone or tesco mobile. that is what you see today. fiction mentioned in your statement that the market is underpinned by a pro competition regulatory environment for the rick snyder allows such deals, do you want that to be subject to some kind of conditions, you need the regulator to take action to preserve competition? >> neither of those deals have been confirmed so it is a bit early to be commenting. we would expect the competition all authorities to look at mergers carefully and make sure that we sustain the environment we have had. it is important that british consumers see their prices come down and not go out as a result of consolidation. >> how many is there for? >> i know that there is a long term future. we're expecting to continue accelerating. >> your market caps on around 2 billion pounds. can a business your size survive in that kind of market? >> eating the little guy in a market full of the companies is not a problem. we have been extremely successful ever since we began. we have a larger b

they have been talking to vodafone.mobile packages as well. >> sensuous to regulate carefully. >> -- she wants to regulate carefully. >> this is the big elephant in the shape of a football. [laughter] >> it is amazing. it is the jewel in the crown when it comes to sports. football is a most important sport for the united kingdom. therefore, people are worried that sky could lose its dominance. they have owned priced packages in the past. that means 28 games times five. now looks as though their bidding for yet more games. they're auctioning off 14 more games. but also, the competition is fierce. you have got bt coming in. last time for the premiere rights -- area that a lot of people coming in. itv to get in on the act. look at how much we had seen. sports rights. costs are going up and up in terms of the amounts they have got to spend. the market is underestimating the risk. if they lose the rights, it will lose 50% at the highest paying subscribers. overall, they are going to lose customers if they don't pay up. >> da

spectrum, our current hold overing spectrum if we put them together, we would still be no bigger than vodafonethe u.k. and smaller than the holdsing of spectrum before it does its merge. we have to make sure there is plenty of choice for customers. we have announced that we will offer wholesale to total. the choice for customers is actually growing in the u.k. market. that is a good thing. >> is that how we alleviate concerns about competition? will we see more policy about wholesale deals being struck? >> certainly the experience in ireland and germany was that the availability of wholesale was a key component when they were reviewing the competitiveness of the market. certainly the u.k. has a very strong markets already. highly competitive and i think the combinationor scale players who were able to invest in innovation and infrastructure coupled with a broad retail offering is a good outcome for both u.k. and the customers. >> you have 02 that you supply wholesale agreements and already provided -- anyone else? >> at the moment what we'll do is focus on the top, top deal and the sky deal. w

can draw from the fact that the apples and googles of this world are far bigger than the at&ts and vodafones? >> we're witnessing a monumental regulatory decision but it's a game of chess. the internet companies like apple, facebook and google and netflix on one side and the broadband service providers like comcast, at&t and verizon on the other. on this ground the internet company versus won. and the fcc loses no matter what. if they vote in favor of net neutrality like they just did it's possible broadband speeds will fall and they'll be criticized for that. if the fcc went did the opposite of what they did then they would be accused of throttling the implemented. >> can we say then that the speeds have already fallen in the europe and u. s. there hasn't been enough investment because they can't be seen to monetize that sufficiently. >> well, net neutrality in some countries is a legal requirement. holland for example. in america it's always been a regulatory principle that the industry has followed. it's only yesterday that it was enshrineed in law. people thought they had the authority t