New Deal Expands Vodafone's Global Mobile Reach

LONDON -- Vodafone  (LSE: VOD  ) (NASDAQ: VOD  )  this morning revealed that it has been selected by German conglomerate ThyssenKrupp as its partner to provide mobile communications services across 30 countries on three continents.

The deal means that Vodafone will service 60,000 mobile voice and data connections, as well as services including mobile device management, in Germany and 29 other countries across Europe, Latin America and the Asia-Pacific region. The new contract represents a doubling in volume of Vodafone's previous contract with ThyssenKrupp.

CEO of Vodafone Global Enterprise Jan Geldmacher commented: "We're delighted that ThyssenKrupp has decided to expand its mobile communication services contract with Vodafone and that we'll be working together even more closely in the future... It's testament that our product and service portfolio, business model and global network are optimally geared to international corporations' requirements." 

Vodafone will also provide ThyssenKrupp with 50,000 machine-to-machine cards, which will "aid the remote control and maintenance of industrial products including tens of thousands of ThyssenKrupp elevators and their emergency intercom systems." Machine-to-machine, or M2M, is a fast-growing market, with 9.7 million M2M connections globally.

CIO at ThyssenKrupp Klaus Mühleck stated: "We decided to partner with Vodafone because it offers us excellent value for money and is able to meet our individual needs. On top, they offer a worldwide service management from one source."

Shares in Vodafone lifted 1.20 pence on the news, with the 0.8% gain reversing a steady decline since the beginning of the week. This further exposure to its main market of Europe, as well as countries across two other continents, increases its chances of growing the company's revenue in the near future.

Vodafone has hardly been out of the news lately -- whether it's over the Indian tax dispute, the reported takeover bid for Kabel Deutschland or Neil Woodford selling his entire stake in the company -- so if you're after a less volatile stock on a similar yield, then you may wish to read this exclusive free in-depth report

The FTSE 100 company in question offers a 5.7% income, and might be worth 850 pence versus around 700 pence currently. Just click here to download the report -- it's absolutely free.

link


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2272526, ~/Articles/ArticleHandler.aspx, 10/20/2014 8:02:08 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement