Vodafone is trading down 0.30% at 121.90
All-you-can-watch video products offered by Vodafone (NASDAQ:VOD) and Deutsche Telekom (OTC:DTEGY) in Germany violated regional rules on roaming and net neutrality, the European Union’s highest court ruled on Thursday.
The landmark ruling deals a blow to popular mobile products such as Deutsche Telekom’s StreamOn deal, which offers unlimited data for watching video while customers are in Germany but slows transmission speeds when they go abroad.
Germany’s BNetzA network regulator ordered Deutsche Telekom in 2018 to offer such products on the same terms throughout the EU, triggering a court battle. Germany’s VZBV consumer association objected to a copycat product launched by Vodafone.
Zero-tariff options “are contrary to the regulation on open internet access,” the European Court of Justice said in a two-page ruling made after two German courts hearing the cases against Vodafone and Deutsche Telekom sought its opinion.
“It follows those limitations on bandwidth, tethering or on use when roaming…are also incompatible with EU law.”
On technical fronts Vodafone RSI stood at 55.36 and currently stock is trading above all Moving Average. So, BUY position can be taken with following target and stoploss:
TRADE SIGNAL – : Vodafone – BUY: 121.88, TARGET: 123.52, STOP LOSS : 120.80