Vodafone buys in to enterprise mobility
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When is a mobile company not a mobile company? Vodafone has acquired Aspective and Isis Telecommunications Management; two UK-based consultancies that specialise in the mobilisation of customer relationship management and sales force applications, as well as providing telecommunications services to small and medium businesses.â¦
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LONDON - Vodafone Group plans to hand Â£6 billion ($16 billion) back to shareholders this year after doubling half-year and full-year dividends and boosting a multibillion-pound share buyback programme.
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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 giant Vodafone Group   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 .
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Vodafone pushed further into the world  of mobile Internet services on Thursday after it said it would  become the latest operator to offer online auction site eBay on  mobile phones.
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The widely expected merger between Sprint Corp and Nextel Communications has been agreed in a $36 billion deal likely to end Vodafone&#39;s chance of gaining an independent foothold in the American market.
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Mobile phone giant Vodafone sells its 25% stake in Swisscom Mobile for 4.25bn Swiss francs (Â£1.8bn).
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Swisscom AG  will repurchase a 25 percent stake in Swisscom Mobile from Britain's Vodafone Group Plc for 4.25 billion Swiss francs ($3.5 billion) in a long-awaited deal to fortify its home market position.
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Vodafone buys a controlling stake in Indian mobile phone firm Hutchison Essar for $11bn (Â£5.7bn).
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Vodafone could pay up to $10bn (&pound;4.9bn) to take full control of Vodacom, South Africa&#39;s largest mobile group.
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Con l'acquisto del 44% di Vodafone nella societa'
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Britain's Vodafone Group  has  won the auction for a controlling stake in Hutchison Essar with  an offer that gives India's fourth biggest mobile operator an  enterprise value of just under $19 billion, a source close to  the auction said on Sunday.
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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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Users are beginning to show interest in new 3G (third-generation) higher-speed mobile phones after operators, particularly in Europe, spent lavishly to market the new service in the run-up to the crucial holiday buying season.ADVERTISEMENTReducing the Total Cost of OwnershipLearn how to reduce the total coast of ownership in enterprise data management in this case study.
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By Michael Harrison Business Editor  Vodafone will make its long-awaited entry into the broadband internet market this week through a strategic tie-up with BT.
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Shares in Vodafone Group PLC rose Monday as the market reacted positively to the weekend move by the world's largest mobile telephone company to gain control of Hutchison Essar India Ltd.
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Vodafone Group Plc plans to hand 6.0 billion pounds ($11.12 billion) back to shareholders this year after doubling half-year and full-year