Vodafone’s Turkey unit acquires local company

Vodafone’s Turkey unit acquires local company

ISTANBUL- Hürriyet Daily News
Vodafone’s Turkey unit acquires local company

Vodafone Turkey’s Serpil Timuray and Phil Patel pose during a press meeting in Istanbul.

With the acquisition of alternative telecommunications operator Koç.net, Vodafone Turkey’s new “Vodafone Net” brand aims to turn a new page in the corporate market.

By providing corporate clients with all their telecommunication needs under one umbrella, companies will save 32 percent in their telecommunications expenditures, according to vice president of Vodafone’s executive board Phil Patel. Vodafone Net plans to offer companies mobile phone, landline phone, Internet and ADSL services in one package deal.

“We provide 58 percent of Turkey’s top 500 companies with all their communication needs,” said Vodafone Chairwoman Serpil Timuray at a press conference Dec. 13.

“With the Koç.net acquisition we will grow our fixed service revenues by more than double. In addition, we will expand our product and services portfolio by three-fold,” she said. The Vodafone Net brand will provide customers with over 125 different products and services, she said.

Vodafone purchased Koç.net’s 99.99 percent of shares for $22.99 million Turkish Liras on Nov. 30. In 2010 Vodafone purchased Borusan Telekom, a player in the fiber-optic Internet field. The Borusan acquisition was a key move in Vodafone’s plan to branch out to the corporate customer segment.