Vodafone has confirmed that it is discussing the potential sale of its 45 per cent stake in US operator Verizon Wireless to JV partner Verizon Communications. Verizon’s desire to assume full control of the largest mobile operator in the US is well known and the deal has been the subject of speculation for the better part of a decade.
Recent merger and acquisition activity has illustrated how Europe’s telecoms sector is becoming weaker, according to top executives at operator trade association the GSMA. Speaking at the GSMA’s Mobile 360 event in Brussels, chairman Franco Bernabè, who is also CEO at Telecom Italia, said that deals such as Vodafone’s sale of its Verizon stake and Microsoft’s acquisition of Nokia suggests that Europe is no longer a leading region in the telecoms sector.
Vodafone put a price on the sale of its 45 per cent share in Verizon Wireless to Verizon in another short statement on Sunday, sizing the deal at $130bn (£83.4bn) in cash and common Verizon stock. While the firm described the talks as “advanced”, and despite reports on Sunday and Monday that the deal is all but done, a formal announcement has yet to be made.
With Vodafone and Telefónica-owned O2 launching their LTE services today, long awaited competition in the UK LTE market can now begin. Meanwhile the UK’s two other operators, 3UK and EE, piped up to remind the market of their own plans and achievements.
Dutch operator group KPN is holding an extraordinary general meeting for its shareholders to decide the fate of its German business unit E-Plus. In July, Telefónica Deutschland made a bid to acquire the unit for €5bn; a bid that was approved by KPN’s board.
British operator group Vodafone has claimed its tax policy is fully compliant with the law after it emerged the company had paid a settlement worth millions of pounds to HMRC over tax returns at an Irish subsidiary.
Operator group Vodafone has signed a deal that sees it setting up its own brand in Brazil, the first fully Vodafone branded operation to be launched in the Americas. The operator inked a non-equity partnership agreement with local MVNE Datora Telecom to launch Vodafone Brasil, which will primarily serve Vodafone’s multinational enterprise customers’ M2M needs.
Operator group Vodafone has signed a five year global managed services deal with OSS/BSS provider Amdocs. Under the terms of the deal, Vodafone’s customer care and billing will be based on Amdocs software applications and the vendor will deliver application development, operations and maintenance services for the operator.
Operator group Vodafone has confirmed reports that it has taken legal action against Telecom Italia, for abuse of a dominant position in the Italian market. The group is seeking damages of more than €1bn.
The enterprise director of Vodafone UK, Peter Kelly, will take on the role of managing director at Virgin Media Business on September 16, 2013.
Vodafone UK’s CIO, Mark Dearnley, will step down and take on the role chief digital and information officer at the HM Revenue and Customs (HMRC) in October this year.
The UK arm of Telefonica, O2, has announced that it will launch LTE services later this month. The network will be switched on in London, Leeds and Bradford on 29th August.
All of the UK’s mobile network operators have extended their carrier billing offerings by connecting to Gemalto’s direct billing platform, the mobile security solutions provider announced.
Operator group Vodafone’s service revenue dropped by 3.5 per cent year on year in the quarter ended 30 June 2013. Service revenue from Europe dropped significantly; operations in Italy saw sales drop 17.6 per cent, while Spanish revenue dropped by 10.6 per cent, taking revenue from Southern Europe to £2.27bn.
Kenya has long been considered a pioneer of mobile money services, given the successful mobile payment system M-Pesa made its debut in the market. Now a recently launched project aims to combine M-Pesa with another pioneering currency technology, Bitcoin.
Vodafone has expanded its enterprise offering in Africa as growth in regional revenues tops the €1bn mark for the financial year ending March 2013.
India’s Telecom Commission has endorsed plans to allow foreign firms to wholly own mobile operators in the country. Currently, the level of foreign direct investment (FDI) permitted in operators stands at 74 per cent, but it could soon be increased subject to Cabinet approval.
Vodafone’s determination to buy Kabel Deutschland represents both an offensive and defensive strategy as it looks to strengthen its position in its leading European market.
Half of enterprises worldwide will have adopted M2M technology by 2015, according to Vodafone. Furthermore, although large organisations have so far led in deploying such technology, small organisations are set to surpass them in terms of adoption, the operator said.
With the difficult economic climate taking its toll on businesses in Greece, the nation’s number two and number three mobile operators have signed an active 2G and 3G network sharing agreement covering rural areas and some urban sites.