Vodafone, Hutchison Whampoa to Merge Australian Networks

February 10, 2009 at 14:01 Leave a comment

Vodafone and Hutchison Whampoa have announced plans to merge their Australian networks to form a single mobile operator. Both companies will own 50% of the joint venture – which will retain the Vodafone brand name, although they retain the rights to the “three” brand as well. To equalise the value difference between the respective businesses, Vodafone will receive a deferred payment of A$500 million (US$337 million) from the joint venture company, VHA (Vodafone Hutchison Australia).

Utilising existing network arrangements and planned network build, VHA will operate a mobile network with at least 95% population coverage, of which 63% will have access to 3G services. Upon completion of additional network roll outs, VHA’s 3G population coverage is planned to increase to 95%.Based on figures from the Mobile World subscriber tracker, the merged firm would ended last September with a shade over 6 million customers – representing 26.3% of the market. It will still be the smallest of (now) three operators in the country – close behind Optus’ 7.4 million and Telstra’s 9.5 million customers.

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Entry filed under: 3G, Australia, Financial, Hutchison, Mobile Network Operator, Optus, Telstra, Vodafone. Tags: , , , , , , , .

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