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

HTC acquires One & Co design house

Comments Off on HTC acquires One & Co design house

China’s telecoms merger

Comments Off on China’s telecoms merger

Truvo Mobile available to Belgians through mobilePeople

Comments Off on Truvo Mobile available to Belgians through mobilePeople

EtherFLEX Operating System Announced By Hatteras

Comments Off on EtherFLEX Operating System Announced By Hatteras

EU demands full independence of Polish telecoms

Comments Off on EU demands full independence of Polish telecoms

MIPS and Intrinsyc Software partner on 3.5G

Comments Off on MIPS and Intrinsyc Software partner on 3.5G

Kick the SMS habit says Palringo

Comments Off on Kick the SMS habit says Palringo

Dopod aims to double handset sales this year

Comments Off on Dopod aims to double handset sales this year

TNZ Group choose TynTec for SMS

Comments Off on TNZ Group choose TynTec for SMS

Redback Networks’ big Indian deal

Comments Off on Redback Networks’ big Indian deal

Asustek to release Qualcomm based handsets

Comments Off on Asustek to release Qualcomm based handsets

Tata wins $1.5bn BT contract

Comments Off on Tata wins $1.5bn BT contract

Create Account



Log In Your Account