Developed companies

Vodafone

Vodafone is a British multinational mobile network services company headquartered in Newbury Berkshire, United Kingdom. Based on revenue and a market value of £71.2 billion, Vodafone is the world’s largest telecommunications company. Vodafone provides its services to 30 countries in addition to its network partnerships in 40 other countries. Vodafone provides

wireless service to 18 million customers within the United Kingdom and is thus the third largest provider of this service in the Kingdom. The company provides this service to more than 430 million customers as of 2014. Through 31 distributors across 5 countries. The number of employees in the company reached more than 79,000 employees in various countries of the world.

Vodafone has a main listing on the London Stock Exchange and is a component of the FTSE 100 Index. The company has a secondary listing on the Nasdaq, so

Vodafone is classified as one of the most important British companies and one of the top indexes on the London Stock Exchange.

The global Vodafone group of companies owns about 45% of the shares of Verizon Wireless, which is the largest provider of wired and wireless services in the

United States of America.

As of November 2020, Vodafone has managed and managed networks in 22 countries, and has partner networks in 48 other countries. Vodafone’s Global Enterprise division provides communications and information technology services to corporate customers in 150 countries. Vodafone’s evolution began in 1981 with the establishment of the strategic Radio Racal

subsidiary of Racal Electronics, the largest manufacturer of military radio technology in the UK, which formed a joint venture with Millicom called “Racal”, which evolved into the current Vodafone company.

1980 – 1991
In 1980, Ernest Harrison, chairman of Racal Electronics,

agreed to a deal with Lord Weinstock of General Electric-GAC to allow Racal access to some tactical battlefield radio technology. Ernest Harrison briefed Racal’s Head of Military Radio, Jerry Wynt, on the company’s orientation to commercial mobile radio. When he visited a portable radio plant operated by General Electric (no relation to GEC) in Virginia, USA, in the same year to understand the commercial use of military radio technology.

Jan Steenbeck, president of a growing Swedish group, founded an American company, Millicom Inc, and approached Jerry Wint in July 1982 about a joint bid for a second cellular radio license in the United Kingdom. The two struck a deal giving Racal 60% of the new company Racal-Millicom Ltd and Millicom 40%. Because of the British government’s concerns about foreign ownership, the terms were revised, and in December 1982 the Racal-Millicom partnership was

granted the UK’s second mobile network license. Ultimate ownership of

Racal-Millicom Ltd. is 80% Racal, with Millicom owning 15% plus royalties, and Hambros Technology Fund Corporation owning 5%. According to the British Secretary of State for Industry, “The bid submitted by Racal-Millicom Ltd… presented the best prospect for early national coverage by cellular radio.”

On 29 December 1986, Racal Electronics issued shares to minority shareholders in Vodafone worth £110 million, and Vodafone became a wholly owned brand of Racal.

On October 26, 1988, Rakal Telecom, majority owned by Rakal

Electronics, went public on the London Stock Exchange with 20% of its shares traded. Under pressure from the stock market to achieve full shareholder value, Racal split up Racal Telecom in 1991.

1991 – 2000
On September 16, 1991, Racal Telecom was separated from Racal Electronics as the Vodafone Group, with Jerry Wint as its CEO.

In July 1996, Vodafone acquired two-thirds of also Tokland which it did not already own for £30.6 million. On 19 November 1996, in a defensive move, Vodafone purchased Peoplesphone for £77 million, 181 stores whose customers were overwhelmingly using Vodafone’s

network. a similar move, the company acquired 80% of the non-owned Astec Communications, a service provider with 21 stores.

In January 1997, Gerald Wayne retired and Christopher Gent

took over also as CEO. the same year, Vodafone introduced its “speech mark” logo, consisting of quotation marks (two quotation marks).

On June 29, 1999, Vodafone completed also its purchase of Airtouch Communications. And changed its name to Vodafone also Air Touch. The combined company began trading on June 30, 1999. The acquisition gave Vodafone a 35% stake in Mannesmann, owner of Germany’s largest mobile network. To gain antitrust approval for the merger, Vodafone sold its 17.2% stake in Mannesmann’s German competitor, ePlus Mobilfunk.

H. Vodafone’s interest in Mannesmann increased with the latter’s purchase of Orange, the UK mobile operator. Chris Gent later said that Mannesmann’s move to the UK broke his “gentleman’s agreement” not to compete in the other’s homeland. The hostile takeover sparked fierce protest also in Germany, and a “giant struggle” saw Mannesmann resist Vodafone’s efforts. However, on 3 February 2000, Mannesmann’s board agreed to a bid increase of £112 billion, then the largest ever

corporate merger. The European Union agreed to the merger in April 2000 when Vodafone agreed to sell the “Orange” brand, which was acquired by France Telecom in May 2000.

2000 – Present

The headquarters of Vodafone Romania is but in Bucharest.
On July 28, 2000, the company reverted to its previous name, Vodafone Group Plc.

On December 17, 2001, Vodafone introduced the concept but of “Partner Networks” by signing with the Danish company TDC Mobile. The new concept included the

introduction of Vodafone’s international services to the local market, without the need for investment by Vodafone.

On December 1, 2011, I got a reading based on SMC Voracious Communications Ltd., an information and communications technology consulting firm. The acquired operations

formed the nucleus of a unified practice of communication and collaboration also within its global subsidiary Vodafone, which will focus on implementing strategies in cloud computing, and enhancing its professional service offerings.

In April 2012, Vodafone announced an agreement to acquire Cable and Wireless Worldwide (CWW) for £1.04 billion. The acquisition gave Vodafone access to

CWW’s fiber optic network, enabling it to take unified communications to expand its enterprise service offerings. On June 18, 2012, Global Cable and Wireless Corporation shareholders voted in favor of Vodafone’s bid.

On September 2, 2013, Vodafone announced that it would sell its 45% stake in global cable and wireless to Verizon Communications for $130 billion. With proceeds

from the transaction, it announced a £19 billion Project Spring initiative to improve network quality in Europe and emerging markets, such as India.

In June 2017, the company took action to also prevent its ads from

appearing within outlets focused on creating and sharing hate speech and fake news.

In January 2020, Vodafone confirmed that it had withdrawn but from

the Libra Association, the governing board of the global digital currency initiative created by Facebook.

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