Vodafone says no to T-Mobile

Vodafone says no to T-Mobile

July 30, 2017

Rumours that T-Mobile and Vodafone remain open after both companies refused to make public comment.

Sir John Bond, Vodafone’s chairman, told those in attendance at the company’s 25th annual meeting that he was not aware of a sales process, despite the comment by Chief Executive Vittorio Colao that consolidation in the UK would be a good move.

Currently Vodafone, which is based out of Newbury, owns about 25% of the UK mobile phone market, ranking under 02 which owns 27%.

If Vodafone were to purchase T-Mobile UK its share would increase to 41% which may place it under investigation and the eye of the competition commission.

T-Mobile UK is estimated to be worth about £3 billion.

Bond did state that consolidation in the British mobile market would be a ‘good thing,’ but he declined to accept the role of a T-Mobile purchase in the statement.

The board meeting was highly concentrated on Vodafone’s remuneration scheme with shareholders speaking out against the pay and bonus policy and executives with high pay while the share price of the company continues to fall.

Colao told shareholders that the company is expecting to continue to face the fallout of the economic recession throughout the rest of 2017 but has plans to reduce operating costs by about £1 billion by April of 2011 and has already made efforts by reducing the headcount of employees by 1,800.

timyeo

Related Posts

Mobile broadband gaining ground on ADSL and cable

Comments Off on Mobile broadband gaining ground on ADSL and cable

People think mobile multimedia is still too expensive

Comments Off on People think mobile multimedia is still too expensive

ISPs affected by flood-related problems

Comments Off on ISPs affected by flood-related problems

ERF taps well of wireless oil business

Comments Off on ERF taps well of wireless oil business

Telephonetics VIP partners Lagan on government call technology

Comments Off on Telephonetics VIP partners Lagan on government call technology

Acquisition will improve online services of France Telecom

Comments Off on Acquisition will improve online services of France Telecom

Latvian Mobivox users get “free” calls

Comments Off on Latvian Mobivox users get “free” calls

Vodafone boss to retire with £25m payout

Comments Off on Vodafone boss to retire with £25m payout

Mobile data usage soars according to Orange index

Comments Off on Mobile data usage soars according to Orange index

BT joins FON world Wi-fi Network

Comments Off on BT joins FON world Wi-fi Network

Prysmian Goes to Xtreme With New cable

Comments Off on Prysmian Goes to Xtreme With New cable

Interoute and Gibtelecom deploy new telecoms route to Gibraltar

Comments Off on Interoute and Gibtelecom deploy new telecoms route to Gibraltar

Create Account



Log In Your Account



marsbahiscasibomslot sitelericanlı casino sitelericasino sitelerislot siteleribahis siteleribaywinİnterbahiscasibomcasibomcasibombelugabahismadridbetartemisbetcasibom
NewsHair Transplantankara çekicioto çekicivozol 12000dextools trendingdextools trending botdextools botdextools trending servicedextools trending algorithmcoinmarketcap trending botpinksale trending botdextools trending costcoinmarketcap trendingfront run botfront running botpancakeswap botpancakeswap sniper botuniswap botuniswap sniper botmev botpinksale trending botprediction botpancakeswap prediction botpolatlı evden eve nakliyatköpek ilanlarıpomeranianmersin nakliyattuzla evden eve nakliyatMedyummersin evden eve nakliyatantika alanlarantika alanlar