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Topic # 68404 21-Sep-2010 12:27
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I see NBR have an article on the possible sale of Vodafone New Zealand, its locked content so if you have NBR access you might like a read here.

http://www.nbr.co.nz/article/is-vodafone-nz-sale-130273

Some more digging on this subject reveals some intersting details from Financial Times

http://www.ft.com/cms/s/0/f1983b6a-c1b9-11df-9d90-00144feab49a,s01=1.html


Mr Colao (CEO) wants to develop Vodafone’s businesses in Europe, sub-Saharan Africa and India.

Although he does not identify potential disposals, his geographic focus means Vodafone could, for example, sell its controlling stake in Vodafone Egypt, the country’s second largest operator, worth £1.8bn. The UK group could also sell its New Zealand business, worth £1.2bn, and a 50 per cent stake in Vodafone Australia, the country’s third largest operator, worth £800m.

I can only assume the NBR article points to the same conclusion.

Big news if its true.

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  Reply # 382655 21-Sep-2010 12:50
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I wouldn't surprise me as Voda Inc just sold their share of China Mobile for a few $bil. There was speculation a year or two ago that they were wanting to quite AU and NZ..




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  Reply # 382656 21-Sep-2010 12:52
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old3eyes: I wouldn't surprise me as Voda Inc just sold their share of China Mobile for a few $bil. There was speculation a year or two ago that they were wanting to quite AU and NZ..


Vodafone Group PLC. There isn't a "Vodafone Inc".




 
 
 
 


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  Reply # 382661 21-Sep-2010 13:08
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freitasm:
old3eyes: I wouldn't surprise me as Voda Inc just sold their share of China Mobile for a few $bil. There was speculation a year or two ago that they were wanting to quite AU and NZ..


Vodafone Group PLC. There isn't a "Vodafone Inc".



It's a generic term for large international companies   Laughing




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  Reply # 382664 21-Sep-2010 13:16
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Wonder who has a spare 1.2 billion pounds just lying around?

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  Reply # 382680 21-Sep-2010 13:55
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If there's any truth to it all, it suggests that there is more profit to be made from developing network infrastructures in developing countries and growing services in areas with higher customer potentials and population densities.

Lets face it NZ and OZ are (outside the main cities) not population (read customer potential) rich. Yet the network infrastructure still has to be in 97% of all those places to give you the credibility.... Still odd they pulled out of lucrative potential that is China, thou one suspects there is far less regulation and control there than may be actually necessary to take the long term risk.

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  Reply # 382716 21-Sep-2010 15:03

I thought that their UK head office saw NZ as a cash cow, due to the huge margins they can make here. I can't see why they would want to sell now at this stage.

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  Reply # 382730 21-Sep-2010 15:31
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robbyp: I thought that their UK head office saw NZ as a cash cow, due to the huge margins they can make here. I can't see why they would want to sell now at this stage.


MTR regulation will increase competition, so vodafone NZ  profits will only ever shrink in future.


Vodafone NZ profits are probably about as good as they will ever be.  Spin it off now, and you should get a good price. 
 

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  Reply # 382736 21-Sep-2010 15:41

wreck90:
robbyp: I thought that their UK head office saw NZ as a cash cow, due to the huge margins they can make here. I can't see why they would want to sell now at this stage.


MTR regulation will increase competition, so vodafone NZ ?profits will only ever shrink in future.


Vodafone NZ profits are probably about as good as they will ever be. ?Spin it off now, and you should get a good price.?
?


That is true, and I was going to say that too, but if they innovate and create new products, and upsell existing users they could earn a lot more. It is due to teh lack of competition they have done so well in the past, and perhaps they see that things are going to get a lot worse in NZ. I guess only they would know. Telecom sold off their Yellow pages at the right time :)

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  Reply # 382746 21-Sep-2010 16:00
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Anything is for sale at the right price!

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  Reply # 382753 21-Sep-2010 16:10
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robbyp: .... Telecom sold off their Yellow pages at the right time :)


That was one of the best moves Telecom has made! really who uses their phone books apart from propping up something? :)

I would say it is the right time to sell off VFNZ, but as the articles also say there aren't really any buyers at the moment. That is unless TelstraClear decide that they might as well just bite the bullet and buy their way into the New Zealand mobile market. After all the problems they have had with being a reseller and building their own network it would seem like the easy answer. Giving Vodafone access to the TelstraClear fibre and fixed line assets would be great for Vodafone as well.

also Telstra (Aus) are going to get $43bn to build the NBN, i am sure there is some profit in there so that could easily fund a $1.2bn pound purchase of Vodafone. although i think they could probably get a better price.

let the rumors begin :)




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  Reply # 382755 21-Sep-2010 16:17

pwner:
robbyp: .... Telecom sold off their Yellow pages at the right time :)


That was one of the best moves Telecom has made! really who uses their phone books apart from propping up something? :)

I would say it is the right time to sell off VFNZ, but as the articles also say there aren't really any buyers at the moment. That is unless TelstraClear decide that they might as well just bite the bullet and buy their way into the New Zealand mobile market. After all the problems they have had with being a reseller and building their own network it would seem like the easy answer. Giving Vodafone access to the TelstraClear fibre and fixed line assets would be great for Vodafone as well.

also Telstra (Aus) are going to get $43bn to build the NBN, i am sure there is some profit in there so that could easily fund a $1.2bn pound purchase of Vodafone. although i think they could probably get a better price.


let the rumors begin :)


 

Telstra would probably be the most likely buyer, although some rich chinese company may consider it, or a NZ retirement fund (hope not).

 

I am not sure which network telstra are now using, as they flip flop between the two, I think they now maybe back with VF again. However being a reseller like they are, does have it's advantages.

 

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  Reply # 382767 21-Sep-2010 16:34
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saw iphone4 banners on VF stores being replaced. have they stopped selling them too?

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  Reply # 382778 21-Sep-2010 16:48
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I hope someone like Bharti Airtel buys it.  That could really ramp up the competition.

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  Reply # 382814 21-Sep-2010 17:48
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To be honest, I can't see Telstra buying Vodafone - being that the non-metro network here is UMTS @ 900MHz (Telstra AU is @ 850), their Australian NextG customers would come here and have to use the competing network.

EDIT: To throw a spanner in the works, VFAU have some UMTS 850 coverage now, too...that goes against the 'standard' of the VF group in general.




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  Reply # 382839 21-Sep-2010 19:16
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I really, really hope Telstra Clear *don't* buy Vodafone.

munchkin - yes, true, also Vodafone's presence in America is a shareholding in Verizon - a CDMA provider, to throw another spanner in the works :)

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