Vodafone is to invest £6bn in the expansion of its 4G networks, fibre optic cables, high street stores and mobile payment services, following the £84bn sale of its stake in Verizon Wireless.
Vodafone is to relocate its global headquarters and up to 200 staff from Newbury to its Paddington office in London in October, but a further 900 staff with global functions will remain in Newbury.
Vodafone is to outsource some of its back-office IT work to EDS and IBM, including application development and systems maintenance, which will affect about 6,300 global staff and external contractors.
Vodafone is considering plans to outsource its billing, software development and customer-relationship management operations, prompting speculation that a large number of staff could transfer to IBM.
Vodafone and Vivendi Universal are to restructure their Vizzavi internet portal business, which will involve a 12% reduction in European staffing levels and a change to the way it shares revenue with mobile phone operators.
Vodafone has raised £3.5bn in a share placing in order to fund the acquisition of certain assets from British Telecom, including a 20% stake in Japan Telecom and an 18% stake in Airtel of Spain.
Vodafone AirTouch has agreed to sell its Orange mobile phone business to France Telecom for £31bn, and Orange's existing management team will be retained in preparation for a partial flotation.
Vodafone AirTouch, TIW of Canada, British Telecom, One-2-One and Orange have won the five licences to launch third-generation mobile phone services, and each of them must now build a network that can be used by at least 80% of the population.
Vodafone AirTouch is forming a joint venture with Vivendi of France to offer internet services to their 70m customers, including a portal that can be accessed through PC, television or mobile phone.
Vodafone AirTouch is forming an alliance with investment bank Warburg Dillon Read, in order to examine opportunities to distribute investment information to Vodafone's mobile phone customers.
Vodafone AirTouch is planning to float its Australasian operations next year, and has announced that Vodafone Holdings Australia has acquired Vodafone's New Zealand business and 49% of Vodafone Fiji.
Vodafone and Cable & Wireless Communications are to integrate their fixed and mobile services for business customers in order to provide single billing and a number of added-value services.