Vodafone moves to cut out middle men

11 Aug 2003

The Vodafone Group [London:VOD] is later this week expected to announce plans to buy UK mobile services company Singlepoint in a deal worth approximately GBP400 million. Singlepoint provides customer management and billing services to approximately 1.15 million Vodafone customers and is a subsidiary of the Cauldwell Group, which also owns Phones4u, one of the largest remaining independent airtime resellers on the UK market. The proposed acquisition can be seen as the latest move by Vodafone’s chief executive Arun Sarin to gain direct access to its customers, following last week’s announcement that the UK’s dominant cellular operator is planning to buy corporate services provider Project Telecom for GBP155 million. Project is thought to currently have around 200,000 customers in the increasingly lucrative corporate mobile services market.

United Kingdom