Search Results

Vodafone Group Plc (“Vodafone”) today announces the creation of a new Group Enterprise unit, effective from 1 January 2013. Nick Jeffery, currently CEO of Cable & Wireless Worldwide (“CWW”), will be appointed Group Enterprise Director responsible for the new unit, and will report to Vittorio Colao, Group CEO

Vodafone Group Plc (“Vodafone”) today announces the creation of a new Group Enterprise unit, effective from 1 January 2013. Nick Jeffery, currently CEO of Cable & Wireless Worldwide (“CWW”), will be appointed Group Enterprise Director responsible for the new unit, and will report to Vittorio Colao, Group CEO. The new unit will have four vertical teams reporting into Nick as follows:

  • Vodafone Global Enterprise
  • Vodafone Carrier Services
  • Machine-to-Machine solutions
  • Hosting and Cloud Services

The above teams will be full worldwide business units with presence in 50 countries. In addition, these teams will be supported by dedicated Enterprise Channels and Sales Operations, as well as Enterprise Products and Marketing teams to provide standardised processes, tools, platforms and products across the Enterprise unit.

Following our acquisition of CWW in July 2012, it has become clear that there is strong customer demand for combined products and services. To realise this growth opportunity, we have decided to accelerate the CWW integration process ahead of our original schedule.

As a consequence of this acceleration, from 1 January 2013 we will start the merger process of the following activities:

  • CWW’s UK-based enterprise businesses with Vodafone’s UK-based enterprise businesses
  • CWW’s international businesses, Carrier Services, Hosting and Cloud Services, and product activity with our newly created Group Enterprise unit
  • CWW’s Customer Service with Vodafone UK’s Customer Operations
  • CWW’s Finance, Human Resources, and Legal and Regulatory activity with those of Vodafone UK
  • CWW Technology with Group Technology

The creation of a Group Enterprise unit and acceleration of CWW’s integration will allow us to build on our strength in the Enterprise segment. As announced in September 2012, we expect to incur cumulative integration costs of approximately £500 million by March 2016. This is expected to deliver cash flow synergies of £150 million to £200 million per annum by March 2016, resulting in operating free cash flow for the Group in that year of £250 million to £300 million from the acquisition.

For further information:

Vodafone Group

Investor Relations - Telephone: +44 7919 990230

Media Relations - Telephone: +44 1635 664 444

About Vodafone
 

Vodafone is one of the world's largest mobile communications companies by revenue with approximately 407 million customers in its controlled and jointly controlled markets as of 30 September 2012. Vodafone currently has equity interests in over 30 countries across five continents and more than 50 partner networks worldwide. For more information, please visit www.vodafone.com

 
main_icn_24_7_support24-delivery 360-view4gmain_icn_Accessoriesmain_icn_Appsapple market_icn_Batterybroadband-devicecalendarmarket_icn_Minutesmain_icn_Cameramain_icn_Chatmain_icn_Chevron_downmain_icn_Chevron_leftmain_icn_Chevron_rightmain_icn_Chevron_upmain_icn_Tick_simpleClose_thick_0.1main_icn_Closecommunity-thin main_icn_Community_or_Foundationdashboard-hidashboard-thin main_icn_Dashboardmarket_icn_Data_Sharingmarket_icn_Dealsmain_icn_Deletemain_icn_Deliverymain_icn_Dislikemain_icn_Downloadmain_icn_Editerror-circlefacebook-thin main_icn_Social_Facebookmain_icn_Filtermain_icn_Filtergogoogle-plus-thin social-google-plushelp-hi_1helpmain_icn_Likemarket_icn_LinkedInlocation-hilocation-regular location-thin main_icn_Locationmail-newmarket_icn_Screen_sizemain_icn_Menumarket_icn_SMSmobile-broadbandmain_icn_Mobilemain_icn_My_Vodafonenetwork-signal-hinetwork-thin main_icn_Network_signalmain_icn_Pausemain_icn_PAYGsocial-paypalmain_icn_Photospin_alertpin_manpin_warningplay-circle main_icn_Play_circlemain_icn_Play_arrowmain_icn_Add_or_Plus0_rating5_ratingrating-filled ratingmain_icn_Ratingsrefresh main_icn_Bill_or_Reportmain_icn_Reportsmain_icn_Roamingmain_icn_Searchmain_icn_Securityshareshoppingmarket_icn_SIM_Swapmain_icn_Social_Twitterspeech-bubble main_icn_Studenttail [Converted]technology test_app main_icn_Texttick-bordered tick-simple main_icn_Tick_simplemain_icn_Top_upmain_icn_TVtwitter-thin main_icn_Social_Twitterusersmain_icn_Viewedmarket_icn_Vodafone_storeWarning_0.1warningweightwindow market_icn_Multinationalyoutube-thin social-youtube