VittorioColao
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CE-Oh no he didn't!: Vodafone's Vittorio Colao says 4G is for 'technofreaks'
Prefer the internet to be, um, fast? That puts you outside the norm, according to Vodafone CEO Vittorio Colao. Speaking to investors, he said that he'd visited an EE store to try out 4G LTE speeds for himself and "all I saw [were] technofreaks." As reported by Mobile News, the CEO added that only "early adopters" would notice the difference between LTE and HSPA+ and none of his friends or colleagues have told him "that we need this fast internet." While he may want to start running with a different crowd, EE's already hoisted him on his own petard with a new Twitter campaign -- "EE welcomes technofreaks." See the coverage and image after the fold for more. [Image credit: WikiMedia Commons]
Vodafone facing more pressure to shed Verizon, other key assets
Among European wireless conglomerates, it's not just Deutsche Telekom that's under the gun to make magic happen for investors these days. Shareholders of the UK's Vodafone are banging on the doors, too, asking why the company's stock is trading an estimated 30 percent lower than the sum of its parts -- and they want something done about it. Part of the problem appears to be the fact that Voda hasn't seen a dime from its 45 percent ownership of Verizon Wireless since 2005 (the joint venture simply hasn't paid any dividends) and it doesn't expect to for at least another couple years -- but there are apparently a variety of assets in its portfoilo around the world that have investors worked up, including its part ownership of France's SFR. CEO Vittorio Colao (pictured) has made no secret of the fact that all options are on the table and Verizon Communications would likely be more than happy to snap up Vodafone's 45 percent stake; with the guys with all the money starting to get worked up, we might see some blockbuster deals happen in 2010.
Vodafone thinking long and hard about its Verizon stake
Though Verizon Wireless and corporate half-parent Vodafone are finally getting close to achieving technological synergy now that both are moving to LTE for their next-gen networks -- and contrary to recent statements -- rhetoric is heating up that suggests the marriage may not last forever. Speaking at an investor's get-together this week, Voda CEO Vittorio Colao said that "the board continues to look at" the company's investment in the joint venture with Verizon -- which we take as executive-speak for "everything's for sale for the right price." The popular rumor is that Vodafone's bummed about Verizon's failure to pay dividends for the past four years, which effectively means that Big Red isn't actively contributing to the wireless giant's bottom line. Verizon's made no secret of the fact that it'd love to own the joint venture outright, so come on, guys... Verizon's got money, Voda's got the goods, let's sit down at that oaken conference table on the 45th floor and work this out.
Vodafone's Vittorio Colao dreams up "unbeatable" alliance around LTE
And here we go again -- new CEO, same message. Just under a year after ex-chief Arun Sarin urged the industry to rally around LTE, the new bigwig (that's Mr. Vittorio Colao to you) is coming forward with even zanier ideas. In a recent interview with Financial Times, Colao asserted that collaboration between China Mobile, Vodafone and Verizon Wireless around LTE could create an "unbeatable" alliance. More specifically, he noted that the trio could "work more closely... in the management of customers, procurement and service creation," which in some courtrooms may be misconstrued as collusion. All kidding aside (maybe), this master plan makes more sense when you realize that Vodafone owns a 3.2 percent stake in China Mobile and is already involved in VZW via a joint venture. Still, just because Microsoft and Apple could join forces to create an unbeatable operating system factory doesn't mean that laws would allow it.[Via mocoNews]
Vodafone CEO Arun Sarin stepping down, to be replaced by Vittorio Colao
You know how you quit your job that one time because you just weren't seeing results and the coffee kind of sucked? Well, not this guy. After five years at the helm of the world's largest phone company, Arun Sarin is leaving his CEO spot at Vodafone at the ripe old age of 53. His #2, Vittorio Colao, the current Regional CEO of Southern Europe, Middle East and Africa for Vodafone, will be taking the top spot, with the handover to happen on July 29th. Sarin's rule of Vodafone included a failed bid for AT&T Wireless and considerable expansion into emerging markets like India, Turkey and Romania. It's certainly paid off for the company, with full-year profits of $13.25 billion. According to the man himself, "I've done what I came here to do. The time is right and the time is now." It does appear he'll be sticking around a bit in an advisory role, and rumor has it his next gig will be private equity-related.
