Vodafone Ventures is leading an $8.3 million (€6.3 million) investment in Joyn developer Jibe Mobile to help the operator gain traction in the over-the-top services market.
The UK's big four operators will now have BT as potential rival bidder in the upcoming UK LTE auction. All five companies submitted their applications and £100,000 deposits with the telecoms regulator Ofcom, although a full list of those participating will not be published for a few weeks.
Jibe Mobile closed an $8.3 million financing round--with strategic investments from Vodafone Ventures, Tokyo-based game creator MTI and other unnamed investors--which the company will apply to further developing its cloud-based open technology platform leveraging Rich Communication Services (RCS) technologies.
France Telecom (FT) Orange is negotiating to buy the KPN-owned Spanish MVNO Simyo, and a deal valuing Simyo at around €30 million could be struck by year-end, according to a report in El Economista .
Vodafone will form a new global enterprise unit starting Jan. 1 with specialist teams located in 50 countries. Nick Jeffrey, the current CEO of Cable & Wireless Worldwide (CW&W), will lead the unit and report directly to Vodafone CEO Vittorio Colao.
Yoigo, Spain's No. 4 operator, will take the fight to its larger rivals by cutting mobile tariffs by more than 20 per cent.
Vodafone CEO Vittorio Colao will highlight his concerns with European Union officials this week that former state-run monopoly telcos may exert too much control over new high-speed fibre networks being rolled out across Europe.
Vodafone's existing credit rating of A- is increasingly dependent on future dividends from its Verizon Wireless joint venture, according to a warning from Fitch Ratings.
While many of Vodafone's rivals can only in their wildest dreams wish for a "Verizon Wireless problem," the UK-based company does seem to bumble its way forward, albeit in a unspectacular and hazy manner.
Vodafone CEO Vittorio Colao said he was pleased with Vodafone's minority role in Verizon Wireless and the financial returns Vodafone gets from the carrier, but said he was open to exiting the joint venture with Verizon Communications in the future.