June 4

Vodafone’s quadplay ambitions drive joint bid for Greece’s Forthnet

first_img Previous ArticleBT ups competition to operators in enterprise marketNext ArticleMicrosoft to cut 18,000 jobs; Nokia X product line under axe Tags Vodafone Group made a joint bid with Wind for Greek cable TV provider Forthnet as it continues to develop its quadplay strategy and build on acquisitions in Germany and Spain.The two companies made a non-binding offer for the shares not already owned by Wind, indicatively offering between €1.70 and €1.90 per share, according to a bourse filing by Forthnet.The offer from Vodafone and Wind values Forthnet at between €187 million and €209 million, according to Thomson Reuters data.Vodafone acquired an option to increase its 6.5 per cent stake in Forthnet to 19.75 per cent in June. Wind and Vodafone own 39 per cent of Forthnet between them, according to Reuters.Forthnet has suffered due to fierce competition and economic conditions in Greece, reporting net losses for the past nine years according to Thomson Reuters Eikon data.But Vodafone could benefit from acquiring the company to better compete with Deutsche Telekom-owned OTE, its main rival in Greece. Forthnet operates the Nova TV subscription service, which would enable the operators to boost their market share and increase revenue from customers.OTE made a non-binding bid of up to €300 million for Nova in June, according to Reuters, although Forthnet said there has been “no significant development” regarding this.Vodafone has a strategy of adding fixed services to its existing mobile footprint either through acquisition, or more recently, by building infrastructure from scratch.The European Commission gave Vodafone’s €7.2 billion acquisition of Spanish cable operator Ono the green light at the beginning of July while it acquired Kabel Deutschland last year.In addition, Vodafone was recently picked by energy supplier ESB as its partner in rolling out a €450 million fibre-to-the-building network across Ireland. Vodafone’s quad-play strategy is already in full swing in Ireland, where it has 200,000 fixed broadband customers. Related Tim Ferguson Tim joined Mobile World Live in August 2011 and works across all channels, with a particular focus on apps. He came to the GSMA with five years of tech journalism experience, having started his career as a reporter… More Read more Las operadoras respaldan el papel de Qualcomm en la RAN abierta Operators back Qualcomm role in open RAN path Author AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 17 JUL 2014 FinancialGreeceKabel DeutschlandOnoquad playServicesVodafoneWind Home Vodafone’s quadplay ambitions drive joint bid for Greece’s Forthnet Vodafone, Safaricom beat MTN to Ethiopia licencelast_img read more

September 20

O’Dowda Can’t Wait For ‘Massive’ Derby

first_imgCity travel to South Wales looking for a first win at the Cardiff City Stadium since the Bluebirds moved to their current home in 2009.With over 2,000 City fans expected to travel across the border for tomorrow’s Sky-televised clash (7.45pm), and Neil Warnock set to take charge of his first match as Cardiff manager, the stakes are high.“I’m very much looking forward to it,” O’Dowda told Bristol City Player HD.“I know about the local rivalry with Bristol Rovers, but it will be interesting to play in this derby – especially away from home.“It’s massive. The Cardiff fans are going to be singing their hearts out, so if the City fans can keep doing what they have been doing, it’ll be great for us.“Obviously Cardiff haven’t had the best of starts, but you’re probably going to see a reaction from them with a new manager coming in.“We know his (Warnock’s) style of play, but is he going to come in and change it from the off? We’ll just have to be ready for whatever happens.”The winger recently returned from international duty with Republic of Ireland. Having not featured in the 1-0 home victory over Georgia, O’Dowda came off the bench in Moldova to help his country achieve back-to-back wins.“I’ve got a couple of caps but only in friendlies,” he added. “It was my first competitive appearance, so I was delighted with that, and it was a really good trip to get six points out of six.“When the scoreline is 1-1, you’re thinking as one of the attacking players ‘this could be my chance to get on’.“I got the shout from Roy Keane with half an hour to go. It was a similar mindset to when I come on in a game for Bristol City – try to impact the game and try to win the game. Thankfully that’s what we did.“When you’re away with the team all you’re thinking about is qualifying for the World Cup. Looking at the success Ireland had at the Euros, everyone is hungry to be involved – especially me, because I only just missed out on a place in the final squad.”A 2,000-strong away support is expected at the Cardiff City Stadium. It is all-ticket for away fans, with tickets remaining on sale until 12.30pm on the day of the game. Call 0117 963 0600 to buy yours today.last_img read more