Project Spring

Vodafone signs up Huawei for Project Spring

Pushing on with its £7bn organic investment programme, Project Spring, operator group Vodafone has signed a five-year agreement with infrastructure vendor Huawei. As the third vendor signed up for this initiative, the Chinese firm will carry out a number of network enhancement projects and provide products and services to the operator to expand its single RAN in 15 countries around the world.

Ovum view: Investors to gain more than Vodafone from Verizon sale

On September 2, 2013, Vodafone and Verizon announced that they had reached an agreement for Vodafone to sell its 45 per cent stake in Verizon Wireless back to Verizon for $130bn. Ovum believes that the deal is good for both parties, but that the decision to return 65 per cent of the proceeds from the sale back to shareholders is short-sighted. It may make Vodafone CEO Vittorio Colao popular, but we don’t believe that he will have enough left to future proof the business.

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