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Euronews: Vodafone Clears Hurdle to Kabel Bid

Paul Rainford
9/13/2013
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Also in today's EMEA roundup: Industry reacts to EC "single market" proposals; Movistar demands less commitment; Viacloud's new CTO.

  • Vodafone Group plc (NYSE: VOD) has managed to cross the crucial 75 percent shareholder acceptance threshold for its bid for Kabel Deutschland GmbH to proceed, said the mobile giant in a statement issued Thursday. Vodafone, which is looking to get more into TV and fixed-line services, offered €87 per share for the cable operator. (See Euronews: Vodafone Strikes €7.7B Kabel Deal, Euronews: Vodafone in M&A Rumor Frenzy, and Vodafone Agrees to $130B Verizon Stake Sale.)

  • The European Commission 's decision to plow ahead with its proposals for a "single market" for EU telecom has, not surprisingly, provoked some strong reaction. The Daily Telegraph reports that Anne Bouverot, director general of the GSM Association (GSMA) , said: "The package needs to do much more… a more thorough and comprehensive approach is required." A spokesman for Telefónica SA (NYSE: TEF) added: "The proposed regulation falls short of addressing the challenges of the sector and will not guarantee the expected results in terms of European competitiveness and consumer benefits through investments, growth and jobs." Meanwhile, on Reuters, analysts at Bernstein Research reckon that Vodafone could suffer most from the ending of roaming charges, followed by KPN Telecom NV (NYSE: KPN), Deutsche Telekom AG (NYSE: DT), and Orange (NYSE: FTE). (See Continental Shift and Euronews: Roaming Cuts Kick In, Big-Time.)

  • Movistar (Spain) , Telefónica's Spanish mobile unit, has taken what it describes as a "step towards barrier- and commitment-free communications" by scrapping minimum-term contracts and introducing unlocked handsets. It is also, from today, offering 4G services, though 4G services on its own network won't be available until the end of October.

  • Jon Kandiah, who was one of the team responsible for overseeing the launch of EE 's 4G services in the UK, is to join Viacloud UK Ltd. , the mobile virtual network enabler, as CTO. Kandiah's previous experience with the MVNO sector includes a spell at Virgin Mobile Telecoms Ltd. .

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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    albreznick
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    albreznick,
    User Rank: Blogger
    9/17/2013 | 10:06:57 AM
    Re: Vodafone's intentions
    Ray, do you think Vodafone might pursue other cable cos in Europe as well? Between them, Numericable and Liberty Global, we could see a real spending spree over the next year or so.
    Ray@LR
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    [email protected],
    User Rank: Blogger
    9/13/2013 | 11:28:00 AM
    Re: Vodafone's intentions
    Well this is one in the eye for those that thouht Vodafone wouldn't be able to snag Kabel D.

    The big question now is -- where does Vodafone look next? Or will it see how successful it can be in integrating its German assets?

    This will put pressure on Deutsche telekom too, and make the rest of the German market look at other consolidation moves. 

     In fact..... it has just been announced that the EU is going to take a look at Telefonica's plans to combine O2 germany with KPN's E-Plus...

     

    http://www.bloomberg.com/news/2013-09-13/e-plus-deal-faces-eu-probe-as-almunia-focuses-on-national-market.html
    albreznick
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    albreznick,
    User Rank: Blogger
    9/13/2013 | 9:43:50 AM
    Re: Vodafone's intentions
    OK, Paul. Understood. This bears further watching. Thinkj we should talk to the Vodafone folks about their cable intentions. Could be fascinating.
    PaulERainford
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    PaulERainford,
    User Rank: Light Sabre
    9/13/2013 | 9:02:20 AM
    Re: Vodafone's intentions
    No I don't, but someone out there will. And here they come now...
    albreznick
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    albreznick,
    User Rank: Blogger
    9/13/2013 | 8:55:23 AM
    Vodafone's intentions
    Hey, Paul. It will be intersting to see what Vodafone plans to do with Kabel Deutschland, especially now that they have all that dough from the sale of their Verizon Wireless stake. Liberty Global has been dominating the cable headlines in Europe for a while. It will be fun to see another big MSO make some moves and possibly trump LGI. Any idea what kind of shape their cable plant is in?
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