Operator group Vodafone’s African subsidiary Vodacom has announced that it has entered into exclusive discussions regarding a potential acquisition of South African fixed line provider Neotel.
Operator group Vodafone has confirmed its intention to raise its stake in its Indian subsidiary from 64.38 per cent to 100 per cent.
Once a conservative manufacturer of raincoats, UK fashion house Burberry decided a few years ago to push for a bit of brand diversity, bringing to market a range of clothes and goods featuring its trademark chequered pattern.
Two of the UK’s mobile operators have added to the chorus criticising the way that broadband is being rolled out in the country’s rural areas. Vodafone and EE both issued statements calling for the government to re-evaluate the initiative and make it more inclusive of 4G wireless.
The Dutch subsidiary of operator group Vodafone has invested in a scalable small cell enterprise radio access network (E-RAN) system to offer enterprise customers reliable coverage and capacity on premises.
French group Vivendi has revealed plans to demerge its mobile operator subsidiary SFR. The group said SFR would gain greater freedom on strategy and developing partnerships as a result of the demerger.
Operator group Vodafone’s €7.7bn bid for German cable company Kabel Deutschland has been accepted by shareholders owning 75 per cent of the firm, the required minimum acceptance condition. The bid had already been approved by the cable firm’s board in June this year.
Canadian operator Rogers Communications has poached Vodafone UK’s CEO Guy Laurence. He will take on the role of president and CEO at the firm from December 2, 2013. In response, Vodafone UK has promoted enterprise director Jeroen Hoencamp to fill Laurence’s shoes.
Operator group Vodafone has admitted that it has been the victim of a hacking attack in Germany. The operator said it had been subject to a “highly sophisticated and illegal intrusion” into one of its servers in Germany. This has resulted in the theft of approximately two million German customers’ data.
There’s nothing like easing back into work after your summer holidays, is there? Whatever plans the Informer had for a gentle return were shattered by two of the biggest M&A announcements we’ve seen for some time. Neither depended on the element of surprise for their impact, though, as both had been much anticipated.
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.
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.
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.