Feeds

Vodafone snaps up Singlepoint

Wants to turn 1.1m network users into customers

  • alert
  • submit to reddit

Build a business case: developing custom apps

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

Secure remote control for conventional and virtual desktops

More from The Register

next story
UK fuzz want PINCODES on ALL mobile phones
Met Police calls for mandatory passwords on all new mobes
Canadian ISP Shaw falls over with 'routing' sickness
How sure are you of cloud computing now?
Don't call it throttling: Ericsson 'priority' tech gives users their own slice of spectrum
Actually it's a nifty trick - at least you'll pay for what you get
Three floats Jolla in Hong Kong: Says Sailfish is '3rd option'
Network throws hat into ring with Linux-powered handsets
Fifteen zero days found in hacker router comp romp
Four routers rooted in SOHOpelessly Broken challenge
New Sprint CEO says he will lower axe on staff – but prices come first
'Very disruptive' new rates to be revealed next week
US TV stations bowl sueball directly at FCC's spectrum mega-sale
Broadcasters upset about coverage and cost as they shift up and down the dials
PwC says US biz lagging in Internet of Things
Grass is greener in Asia, say the sensors
Ofcom sees RISE OF THE MACHINE-to-machine cell comms
Study spots 9% growth in IoT m2m mobile data connections
O2 vs Vodafone: Mobe firms grab for GCHQ, gov.uk security badge
No, the spooks love US best, say rival firms
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.