Vodafone picks EDS, IBM in global outsourcing deal
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Britain's Vodafone Group Plc   will outsource application development and maintenance services  globally to U.S.-based tech firms EDS  and IBM ,  the mobile phone giant said on Thursday.
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HONG KONG/BARCELONA  - Shares in Vodafone are expected to open higher on Monday after it beat rival suitors with an $11.1 billion bid for a controlling stake in Hutchison Essar, India's fourth-biggest mobile phone firm.
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Britain's Vodafone Group Plc   has won the battle for a controlling stake in Hutchison  Essar with a bid that values India's fourth-biggest mobile firm  at around $19 billion, including debt.
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(InfoWorld) - With price pressure nibbling away its consumer voice business, Vodafone GroupÂ has taken steps to move beyond its traditional mobile phone operations and strengthen its service portfolio in the potentially lucrative enterprise market. The group's U.K. subsidiary has acquired Aspective and Isis Telecommunications Management, and signed a strategic partnership with Fiberlink Communications, the British operator said Monday. The deals aim to help the operator develop capabilities in three core areas: applications, access and service. Aspective is a consultancy specialized in developing enterprise applications, such as CRM (customer relationship management), to run over mobile platforms. Isis Communications Management brings added service capability, particularly in fleet management and billing. In a move to provide added access capability, Vodafone will offer Fiberlink's Extend360 Mobility Platform, which offers secure cellular access to corporate VPNs (virtual private networks). The deals come in response to demands from large enterprise customers for support with billing and analysis tools, management of their device fleets, mobile data applications and interfaces to internal systems, Pauline Trotter, an analyst with Ovum, wrote in a report.
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Shares in Vodafone Group Plc, the world&#39;s largest mobile-phone operator, dropped after The Wall Street Journal said the company is considering bidding with US partner Verizon Communications Inc.
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Telecom giant Vodafone said it will invest more than two billion dollars in a drive to make its new Indian purchase, Hutchison Essar, the country's biggest mobile phone company.
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US telecoms firm Verizon is reported to have won the backing of mobile partner Vodafone for a bid for US rival Sprint.
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Mobile phone firm Vodafone is to enter the UK fixed-line broadband market after striking a deal with BT Group.
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London-based Vodafone has finally rolled out its mass-market third-generation (or 3G) mobile telephone services after a four-year wait, billions of pounds spent on licences and numerous delays.
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BARCELONA/MUMBAI  - Britain's Vodafone Group Plc  has won the battle for a controlling stake in Hutchison Essar with a bid that values India's fourth-biggest mobile firm at around $19 billion, including debt.
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Mobile phone giant Vodafone Group   VOD.L confirmed on Monday its plan to enter Britain's   cut-throat fixed-line broadband Internet market via a deal with   the wholesale arm of telecoms firm BT Group BT.L.
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(InfoWorld) - British mobile services operator Vodafone Group will acquire a majority stake in Hutchison Essar, winning aÂ heated bid for controlÂ of the Indian mobile services operator. Vodafone announced late Sunday that it has agreed to acquire companies that control a 67 percent stake in Hutchison Essar from Hutchison Telecommunications International, a subsidiary of Hong Kong's Hutchison Whampoa. Hutchison Telecommunications holds a majority stake in Hutchison Essar both directly and through a joint venture company in which Indian partners hold shares. Vodafone will pay $11.1 billion in cash for the acquisition, along with assuming $2 billion in debt, through its subsidiary Vodafone International Holdings. The transaction is expected to close in the second quarter of this year, and is conditional to Indian regulatory approval, it said. Hutchison's decision came over the weekend, after it evaluated bids from four key contenders including Indian mobile services provider Reliance Communications, the Hinduja Group of the U.K., and Indiaâs Essar Group, which holds 33 percent in Hutchison Essar, according to informed sources. Vodafone will offer to acquire the Essar Groupâs stake at the same price per share it is offering Hutchison, the company said. Indian regulations however do not allow foreign operators to hold more than 74 percent of the equity in an Indian telecommunications service provider. If the Essar Group sells its stake, Hutchisonâs local partners, which together have a 15 percent interest in Hutchison Essar, will increase their interest to 26 percent, Vodafone said. The Essar Group said in its statement late Sunday that it was evaluating an offer from Vodafone to be a partner. The Essar Group has the option to continue as an equity holder in Hutchison Essar or sell its stake along with Hutchison Telecommunications. Vodafone has been seeking Hutchisonâs stake since December last year, and in January the companyâs CEO,Â Arun Sarin visited India to press its caseÂ with the Indian government and business partners here. India is adding over 6 million new mobile subscribers every month. Hutchison Essar had 23.3 million customers as of December 31, 2006, which gave it a 16.4 percent market share. Vodafone also offered Sunday to sell its stake of 5.6 percent in Bharti Airtel, also a large Indian mobile services operator, to another company of the Bharti Group for $1.6 billion, double the price for which itÂ acquired the stake in 2005. It also announced a memorandum of understanding with Bharti Airtel for infrastructure sharing with Hutchison Essar.
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Mobile phone operator Vodafone said it has brought in an executive from Japanese rival NTT DoCoMo to head up its struggling Japanese unit, Vodafone K.K.
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With price pressure nibbling away its consumer voice business, Vodafone GroupÂ has taken steps to move beyond its traditional mobile phone operations and strengthen its service portfolio in the potentially lucrative enterprise market. The group's U.K. subsidiary has acquired Aspective and Isis Telecommunications Management, and signed a strategic partnership with Fiberlink Communications, the British operator said Monday.
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TELCOS Optus and Vodafone Australia will combine to create a national 3G mobile network, just three weeks after rival Telstra Corp entered a similar deal.
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British mobile phone giant Vodafone, grappling with intense competition in Europe, tapped into the booming Indian economy after winning control of Hutchison Essar for 11.1 billion dollars.
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International Business Machines Corp. said Wednesday it signed a pair of outsourcing contracts worth more than &#36;1 billion with two Danish companies, continuing the computer giant's push into northern Europe.