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Vodafone
Vodafone Group Public Limited Company (/ˈvoʊdəfoʊn/) is a British multinational telecommunications company. Its registered office and global headquarters are in Newbury, Berkshire, England. It predominantly operates services in Asia, Africa, Europe, and Oceania.
As of January 2025[update], Vodafone owns and operates networks in 15 countries, with partner networks in 46 further countries.
Vodafone has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. The company has a secondary listing on the NASDAQ as American depositary receipts (ADRs).
The name Vodafone comes from voice data fone (the latter a sensational spelling of "phone"), chosen by the company to "reflect the provision of voice and data services over mobile phones".
In 1980, Ernest Harrison, then chairman of Racal Electronics Plc – the UK's largest manufacturer of military radios – negotiated a deal with Lord Weinstock of the UK General Electric Company (GEC), which gave Racal access to some of GEC's battlefield radio technology. Harrison directed the head of Racal's military radio division, Gerry Whent, to explore the use of that technology for civilian purposes. Whent visited a mobile radio factory run by the US company General Electric (unrelated to UK GEC) in Virginia, that same year. In 1981, the Racal Strategic Radio Ltd subsidiary was established.
Jan Stenbeck, head of a growing Swedish conglomerate, set up an American company, Millicom Inc, and approached Gerry Whent in July 1982 about bidding jointly for the UK's second cellular radio licence. The two struck a deal giving Racal 60% of the new company, Racal-Millicom Ltd, and Millicom 40%. Due to concerns of the Government of the United Kingdom about foreign ownership, the terms were revised, and in December 1982 the Racal-Millicom partnership was awarded the second UK mobile phone network licence. Final ownership of Racal-Millicom Ltd was 80% Racal, with Millicom holding 15% plus royalties, and the venture firm Hambros Technology Trust holding 5%. According to the UK Secretary of State for Business and Trade, "the bid submitted by Racal-Millicom Ltd … provided the best prospect for early national coverage by cellular radio."
Vodafone was launched on 1 January 1985 under the new name of Racal-Vodafone (Holdings) Ltd, with its first office based in the Courtyard in Newbury, Berkshire, and shortly thereafter Racal Strategic Radio was renamed Racal Telecommunications Group Limited. The first non-Vodafone employee to make a UK mobile phone call was comedian Ernie Wise, from St Katharine Docks, London on 1 January 1985. On 29 December 1986, Racal Electronics issued shares to the minority shareholders of Vodafone worth £110 million, and Vodafone became a fully owned brand of Racal.
On 26 October 1988, Racal Telecom, majority held by Racal Electronics, went public on the London Stock Exchange with 20% of its stock floated. The successful flotation led to a situation where Racal's stake in Racal Telecom Plc was valued more than the whole of Racal Electronics. Under stock market pressure to realise full value for shareholders, Racal demerged Racal Telecom in 1991.
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Vodafone
Vodafone Group Public Limited Company (/ˈvoʊdəfoʊn/) is a British multinational telecommunications company. Its registered office and global headquarters are in Newbury, Berkshire, England. It predominantly operates services in Asia, Africa, Europe, and Oceania.
As of January 2025[update], Vodafone owns and operates networks in 15 countries, with partner networks in 46 further countries.
Vodafone has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. The company has a secondary listing on the NASDAQ as American depositary receipts (ADRs).
The name Vodafone comes from voice data fone (the latter a sensational spelling of "phone"), chosen by the company to "reflect the provision of voice and data services over mobile phones".
In 1980, Ernest Harrison, then chairman of Racal Electronics Plc – the UK's largest manufacturer of military radios – negotiated a deal with Lord Weinstock of the UK General Electric Company (GEC), which gave Racal access to some of GEC's battlefield radio technology. Harrison directed the head of Racal's military radio division, Gerry Whent, to explore the use of that technology for civilian purposes. Whent visited a mobile radio factory run by the US company General Electric (unrelated to UK GEC) in Virginia, that same year. In 1981, the Racal Strategic Radio Ltd subsidiary was established.
Jan Stenbeck, head of a growing Swedish conglomerate, set up an American company, Millicom Inc, and approached Gerry Whent in July 1982 about bidding jointly for the UK's second cellular radio licence. The two struck a deal giving Racal 60% of the new company, Racal-Millicom Ltd, and Millicom 40%. Due to concerns of the Government of the United Kingdom about foreign ownership, the terms were revised, and in December 1982 the Racal-Millicom partnership was awarded the second UK mobile phone network licence. Final ownership of Racal-Millicom Ltd was 80% Racal, with Millicom holding 15% plus royalties, and the venture firm Hambros Technology Trust holding 5%. According to the UK Secretary of State for Business and Trade, "the bid submitted by Racal-Millicom Ltd … provided the best prospect for early national coverage by cellular radio."
Vodafone was launched on 1 January 1985 under the new name of Racal-Vodafone (Holdings) Ltd, with its first office based in the Courtyard in Newbury, Berkshire, and shortly thereafter Racal Strategic Radio was renamed Racal Telecommunications Group Limited. The first non-Vodafone employee to make a UK mobile phone call was comedian Ernie Wise, from St Katharine Docks, London on 1 January 1985. On 29 December 1986, Racal Electronics issued shares to the minority shareholders of Vodafone worth £110 million, and Vodafone became a fully owned brand of Racal.
On 26 October 1988, Racal Telecom, majority held by Racal Electronics, went public on the London Stock Exchange with 20% of its stock floated. The successful flotation led to a situation where Racal's stake in Racal Telecom Plc was valued more than the whole of Racal Electronics. Under stock market pressure to realise full value for shareholders, Racal demerged Racal Telecom in 1991.
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