Vodafone continued its spending spree in India after the operator won spectrum licences worth around $3 billion following the conclusion of an auction that raised a total of about 611.62 billion rupees ($9.8 billion or €7.2 billion)- much more than expected- for the Indian government.
Vodafone Ireland is in talks with Irish utility Electricity Supply Board (ESB) about jointly building a Greenfield $545 million fiber to the premises (FTTP) network that would serve 450,000 homes and businesses.
Vodafone CEO Vittorio Colao discussed a multitude of topics during his recent visit to New York, ranging from how much the operator could spend on future acquisitions (up to $40 billion) to whether US operators would be able to do a better job in Europe (unlikely, he said). According to reports, Colao also revealed that Vodafone had turned down a request from Facebook to "zero rate" its content by excluding it from counting towards a subscriber's mobile data plan in certain emerging markets.
Vodafone CEO Vittorio Colao said the company could have a war chest of between $30 billion (€21.9 billion) and $40 billion for future mergers and acquisitions, and added that no deal should be too big if it made strategic sense. However, any plans for Spain are up in the air for now as Ono decides to pursue an IPO.
Mobile operator Vodafone and financial software provider Misys made separate moves in the mobile payment and banking sectors this week, at a time when analysts say the future of the industry remains up for grabs.
European mergers and acquisitions moved into overdrive on Monday as Deutsche Telekom confirmed it has agreed to buy the rest of its Czech unit for €0.8 billion ($1.1 billion), and reports said Vodafone has contacted Ono's owners about a possible acquisition of the Spanish cable company.
Vodafone has joined other carriers in the Ubuntu Carrier Advisory Group, a consortium of mobile operators participating in technology discussions around the Linux-based operating system.
Vodafone revealed an almost 10 per cent decline in European service revenue to £6.5 billion (€7.8 billion) in its fiscal third quarter as conditions remained challenging in the region, but the company remained positive about its strategy to tackle this downward trend through increased efficiency, network investments and a focus on unified communications and emerging markets.
AT&T may have put its plans to invest in a major European operator on hold for the time being, but another industry heavyweight from across the pond is reportedly stepping up efforts to buy a majority stake in a company that itself has demonstrated an aggressive expansion strategy over the years.
If I had to use three words to describe the week in telecoms so far, they would be "Vodafone, Vodafone, and, er, Vodafone". To say the UK-based operator has been in the news a lot in the past few days would be something of an understatement--and it's only Wednesday.