Vodafone in first cell phone sale
Thursday 06 August 1992
A consortium including Vodafone and France Telecom is paying dollars 160m ( pounds 85m) for the right to build one of two cellular telephone networks in Greece. The other licence goes to Stet of Italy for the same sum. Licences are normally granted on technical plans put forward by bidders, rather than by direct sale.
Vodafone said that the licence is regarded as good value. Greece has no existing mobile network and its fixed network is very congested, a spokesman said. The two rival operators are expected to invest an additional dollars 600m between them to set up the networks. They have been set a target of beginning operations in greater Athens within 18 months and covering 85 per cent of the population in six years' time.
The Greek state-owned telephone company, OTE, which is earmarked for privatisation, was excluded from the bidding.
The novel system of selling licences has been closely monitored in other countries and may be considered for cellular systems in the Netherlands and Spain.
A spokesman for the Greek authorities said that steps had been taken to ensure that the technical proposals were also sound.
- 1 Unseen Charlie and the Chocolate Factory chapter deemed 'too subversive' released
- 2 Ebola virus: It's ripped through towns – now the deadliest ever outbreak of the virus is heading for Africa's teeming cities
- 3 Joan Rivers: 'Palestinians deserve to be dead'
- 4 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
- 5 Mexican woman becomes world’s 'oldest person' at 127
Israel-Gaza crisis: YouTube footage shows scale of destruction after 50 days of shelling
iPhone 6 'hidden code' could indicate sharper screens or bigger phones
Keira Knightley topless: Conservative actress does own take on #Freethenipple campaign for Interview Magazine
Joan Rivers: 'Palestinians deserve to be dead'
Ebola virus: It's ripped through towns – now the deadliest ever outbreak of the virus is heading for Africa's teeming cities
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
Rotherham child sex abuse scandal: Labour Home Office to be probed over what Tony Blair's government knew - and when
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Do you realise just how foolish the UK looks?
With Douglas Carswell joining Ukip, my party has taken another giant step forward
iJobs Money & Business
£40000 - £45000 per annum: Ashdown Group: An established professional services...
£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...
£28 - 32k + Uncapped Commission: Guru Careers: A Business Development Manager ...
£40000 - £70000 per annum + Bonus+Benefits+Package: Harrington Starr: C# .NET ...