Vodafone this week brought the curtain down on a long running saga over the sale of its stake in French cellco SFR, while Asia Pacific operators bemoaned a lack of support for femtocells.
French media outfit Vivendi agreed to purchase Vodafone’s 44% holding for €7.95 billion, granting it
full control of SFR, however the price agreed was higher than the €7 billion Vivendi originally offered, and lower than the £8 billion (€9.1 billion) Vodafone was seeking.
Vodafone will pump €4.5 billion of the sale income into buying back shares and reducing its debt, while Vivendi claimed the deal doesn’t mean it is
switching its focus to telecoms.
In other acquisition news, two of the seven firms shortlisted to bid for Polish cellco Polkomtel
pulled out of the sale on the same day the operator revealed profits grew 13.2% to 1.1 billion Polish zlotys (€276 million) in 2010. Current owners Vodafone, PKN Orlen and KGHM Polska Miedz have set a $5 billion (€3.5 billion) price tag.
Several speakers at the Femtocell Asia event bemoaned
a lack of seamless mobility, which they claim is a major obstacle to the rollout of femtocells in Asia Pacific.
Shih Mu-Piao, chief executive of Chungwha Telecom’s mobile division, said the
price of femtocells must fall to around $50 (€35) to boost deployments. The operator plans to use femtos to improve network coverage in the near term, and hopes to use the technology to offload traffic in the longer term.