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Tag: vodafone
Vodafone to acquire Greek operator HOL for EUR 73 mln
2014-08-22 14:12:00| Telecompaper Headlines
(Telecompaper) Vodafone has agreed to buy control of Greek broadband provider Hellas Online. Vodafone already holds an 18.4 percent stake in HOL since 2009, and the two work together in the market bundling fixed and mobile services. Vodafone Greece has agreed to acquire another 72.7 percent of HOL from Intracom for EUR 72.7 million cash. The transaction values the fully diluted equity of HOL at EUR 100 million and is equivalent to an enterprise value of EUR 311 million including HOL's adjusted net debt of EUR 211 million. HOL had 519,000 customers at the end of 2013 and generated revenue of EUR 227.4 million, EBITDA of EUR 68.4 million and capex of EUR 36.7 million last year. The takeover price values the company at 4.5 times annual EBITDA. Vodafone expects to achieve cost and capex synergies with an annual run-rate of EUR 24 million before integration costs by the third full year after completing the acquisition. The synergies will come from sharing network and IT infrastructure, savings on marketing and bill collections, and rationalisation of overlapping functions.
Tags: eur
operator
greek
acquire
Vodafone Australia picks Ericsson for core upgrade
2014-08-22 02:00:00| Total Telecom industry news
Operator to migrate to all-IP network in preparation for VoLTE launch.
Tags: australia
core
upgrade
ericsson
Vodafone eats into Bharti's lead in India
2014-08-20 02:00:00| Total Telecom industry news
India added 4.77 million mobile connections in June, a third of which went to Vodafone; BSNL reported hefty customer losses.
Tags: lead
india
vodafone
eats
Vodafone mulls Brazilian mobile acquisition
2014-08-19 02:00:00| Total Telecom industry news
Brazilian press claims U.K. telco wants to buy one of big three mobile operators, particularly TIM Brasil.
Tags: mobile
acquisition
brazilian
vodafone
Vodafone boosts M2M position with Cobra deal
2014-08-07 02:00:00| Total Telecom industry news
Mobile operator pays 145 million for Italian telematics company as it seeks to expand beyond connectivity.
Tags: position
deal
vodafone
cobra
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