Vodafone & Hutchison mergers in Australia

Vodafone and Hutchison Whampoa announces plan to unite their business in Australia to become a mobile operator. Each company, as quoted from the site Cellular-News, will have a 50% share of the company's merger called Vodafone Hutchison Australia (VHA).

VHA will operate a cellular network that serves 95% of Australia's total area. Some 63% of them are third-generation networking technology. Along with the additional network digelarnya, akses3G VHA target increased to 95%.

Merger process is completed at the end of September. Total VHA users more than 6 million customers, or approximately 26.3% of total mobile users in Australia. This amount is still far under total mobile service users, such as Optus with 7.4 million customers and markets with 9.5 million subscribers.

VHA will be held Chairman Nick Read, currently CEO of Vodafone Asia Pacific & Middle East. Nigel Dews, who currently serves as CEO HTAL & H3GA, will become CEO. CFO will be by dijabat Dave Boorman, who currently serves as CFO Vodafone Australia.

Meanwhile, Russell Hewitt, currently serves as CEO of Vodafone Australia, will become non-executive director of the VHA. VHA mention in the middle of the more fierce competition, merger transaction is expected to bring significant added value. Cost of product development, information technology, network, operational, commercial and administration can be trimmed.


source : http://web.bisnis.com