Feeds

Vodafone snaps up Singlepoint

Wants to turn 1.1m network users into customers

  • alert
  • submit to reddit

High performance access to file storage

Vodafone has announced it will buy Singlepoint, the mobile services provider, for £405 million ($649.62 million) in cash.

Singlepoint is a subsidiary of the Caudwell Group and it provides billing and customer care services to more than 1.3 million mobile phone subscribers, most of whom are consumers rather than business customers. The company buys 'space' on mobile networks in bulk and sells it on to customers. Up to 90 per cent of Singlepoint customers are said to be on the Vodafone network.

After the buyout, Vodafone will have full control of the Singlepoint customers on its network, without paying Singlepoint's 25 per cent commission. O2 has about 150,000 customers through Singlepoint, and analysts say that Vodafone is likely to try to convert these subscribers to its network.

Singlepoint will boost Vodafone's consumer rather than corporate customer base. Though its corporate base seems to have been taken care of with the firm's £155 million acquisition last week of Project Telecom, adding in the region of 200,000 customers to its fold.

Vodafone chief executive Arun Sarin is continuing the approach of predecessor Christopher Gent, which was characterised by takeovers and acquisitions. Gent retired last month after six-and-a-half years in the job. In March, Gent saw through the buying of Cellular Operations for an undisclosed amount. The deal gave Vodafone direct access to 380,000 customers, and saw it inherit 90,000 O2 customers.

In June Vodafone closed down the Cellular Operations business, cutting 480 jobs in the process. Last week the mobile phone giant announced it was cutting another 96 job, with the closure of a customer services centre in the English Midlands. Some analysts have said that Singlepoint is also likely to be closed by Vodafone after it is fully integrated into the group.

Other industry watchers are speculating about negotiations between Vodafone and the Caudwell Group with regard to Vodafone's access to Caudwell's Phones4U, one of the leading mobile phone retailers in the UK. ®

Copyright © 2003, ENN

SANS - Survey on application security programs

More from The Register

next story
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
Broadband Secretary of SHEEP sensationally quits Cabinet
Maria Miller finally resigns over expenses row
AT&T threatens to pull out of FCC wireless auctions over purchase limits
Company wants ability to buy more spectrum space in auction
EE dismisses DATA-BURNING glitch with Orange Mail app
Bug quietly slurps PAYG credit - yet EE denies it exists
Like Google, Comcast might roll its own mobile voice network
Says anything's possible if regulators approve merger with Time Warner
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.