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Vodafone and its competitor in many markets, Hutchison’s Three, are joining forces in Australia. Despite the fact that Vodafone is stronger of the two carriers, the new company will be formed as a 50/50 joint venture and will be called VHA. However, to compensate for the value difference, Vodafone will receive a deferred payment of AU$500 million from VHA, as well as an additional brand licensing fee of 1% of service revenues from VHA.
The transaction is expected to close by mid-2009 once all the interested parties approve the deal. The parties include Hutchison shareholders, Australia’s Foreign Investment Review Board and Competition and Consumer Commission.
[Via: MobileBurn]
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
