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How Congo Pushed Millions in Additional Taxes on Foreign Mobile Operators [Financial Post (Toronto, Ontario, Canada)]

Vodafone Group Plc - American Depositary Shares each representing ten Ordinary Shares (VOD)  More Company Research Source: Financial Post
US:NASDAQ Investor Relations: vodafone.com/content/index/investors.html
You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — One afternoon in December 2021, the regional heads of four of the biggest telecom operators in Africa were summoned to the Palais de la Nation, a presidential mansion overlooking the river in the Democratic Republic of Congo's capital of Kinshasa. When the meeting began, officials from President Felix Tshisekedi's administration started grilling the executives, mostly foreign nationals who represented Vodafone, Orange, Airtel and Africell, according to people in attendance. The bureaucrats informed them that the government was preparing strict new rules that would raise their companies' tax bills significantly. Article content Article content As the CEOs began to protest, a White man with dark hair who had been silently sitting in the back of the room broke in to tell them that they'd better comply, the people said. This was Philippe Heilmann, a Belgian national and the [Read more]
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Stockreport

How Congo Pushed Millions in Additional Taxes on Foreign Mobile Operators [Financial Post (Toronto, Ontario, Canada)]

Vodafone Group Plc - American Depositary Shares each representing ten Ordinary Shares  (VOD) 
More Company Research Source: Financial Post
US:NASDAQ Investor Relations: vodafone.com/content/index/investors.html
You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — One afternoon in December 2021, the regional heads of four of the biggest telecom operators in Africa were summoned to the Palais de la Nation, a presidential mansion overlooking the river in the Democratic Republic of Congo's capital of Kinshasa. When the meeting began, officials from President Felix Tshisekedi's administration started grilling the executives, mostly foreign nationals who represented Vodafone, Orange, Airtel and Africell, according to people in attendance. The bureaucrats informed them that the government was preparing strict new rules that would raise their companies' tax bills significantly. Article content Article content As the CEOs began to protest, a White man with dark hair who had been silently sitting in the back of the room broke in to tell them that they'd better comply, the people said. This was Philippe Heilmann, a Belgian national and the [Read more]
IMPACT SNAPSHOT
EVENT TIME:
VOD
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
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
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 (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS