• Vodafone May Bring It’s International Service To India

    Vodafone Passport, Vodafone Simply and Vodafone Live might be launched in India

    British mobile giant Vodafone is in the process of acquiring Hutchison’s stake in Indian mobile company Hutch. They expect to complete this deal by April.

    The company is now expected to bring some of their international services in the Indian market to lure customers away from competitors.

    Market analysts suggest that the company might bring some of its most popular offerings such as Vodafone Passport, Vodafone Simply and Vodafone Live to India.

    They could also launch other services like video calling, video messaging and mobile television in the Indian market.

    Vodafone has not revealed much about their plans for India. A company spokesperson said: “We will make clear our specific plans in terms of products and services when we complete the transaction and following discussions with the management team.”
     February 26th, 2007  BroadBand   No comments

  • Vodafone to not pay a premium for Hutchison’s stake in Hutch

    UK based mobile service provider Vodafone Group Plc has said that they are not going to pay “over the top” for the Hutchison’s stake in Hutch.

    The company just managed to beat forecasts for customer sign-ups and crossed the 200 million user mark.

    Chief Executive Arun Sarin said that the final decision in their battle for gaining a majority stake in Hutch is still sometime away.

    There are at least four companies interested in Hutchison’s stake in Indian mobile service provider Hutch. Reliance, Hinduja Group, Essar and Vodafone have all shown their interests.

    Sarin said in a statement on this battle: “(This asset is) very strategically aligned with what we have been saying to shareholders … We will participate fully, but we are not going to go over the top. We have twin financial criteria (for acquisitions), which we have highlighted. We will be using these criteria in determining what the ceiling price is.”
     February 6th, 2007  BroadBand   No comments

  • Vodafone Likely To Submit A Bid For Hutch

    UK based mobile service provider Vodafone is likely to submit its bid for the stake of Hutchison in Indian company Hutch next month.

    Vodafone CEO Arun Sarin said in a statement on their plans: “We will make a bid by the second week of February. We are doing due diligence.”

    Vodafone said that they are currently studying the books of Hutch-Essar and they are very much interested in getting a share of this emerging market.

    Sarin also has met Airtel’s head Sunil Mittal. Vodafone already holds a 9.9% stake in Bharti Airtel. Sunil Mittal has said in the past that he is ok with the idea of Vodafone selling their stake if they manage to buy Hutchison’s stake in Hutch.

    Vodafone face serious competition in their quest of acquiring the stake in Hutch. Other interested parties are Reliance Communications, Maxis Communications and the Hinduja Group.
     February 6th, 2007  BroadBand   No comments