March 17 Vodafone Group Plc agreed to
buy Spain's largest cable operator Ono for 7.2 billion euros
($10 billion) in the latest move by the British group to expand
its European operations with a broadband offering.
Having reaped a $130 billion windfall by selling its stake
in Verizon Wireless to its partner Verizon Communications Inc
, Vodafone was left with an acquisition war chest of as
much as $40 billion even after distributing the majority of the
sale proceeds to shareholders and investing billions in its
Following is a chronology of key recent events involving
* Feb 13 - Vodafone and Bharti Airtel buy Indian
airwaves worth about $3 billion each in a hotly contested
* Feb 10 - Vodafone chief Vittorio Colao says group could
have the capacity to spend between $30 billion and $40 billion
on acquisitions in coming years and no deal should be too big if
it makes strategic sense. He tells reporters he is exploring
possibilities for a potential shopping spree on big acquisitions
on top of investments in Vodafone's existing business.
* Feb 6 - Vodafone wins Indian cabinet's approval for $1.6
billion deal to buy out minority partners in its unit in the
* Jan 27 - AT&T rules out bid for Vodafone after Britain's
takeover watchdog asks it to clarify its position following
reports it had sounded out European regulators on prospects of a
merger. AT&T's statement means it cannot make an offer for
Vodafone for at least six months, unless the British company
invites it to do so or a third party enters the fray.
* Nov 12 - Vodafone says it will spend 7 billion pounds to
increase the speed and coverage of its networks and reverse a
record fall in revenue resulting from its struggling European
business. Says it will spend 3 billion pounds in Europe, 1.5
billion in emerging markets and the rest on fixed-line assets,
enterprise and its retail arm.
* Sept 2 - Verizon agrees to pay $130 billion to buy
Vodafone out of its U.S. wireless business, allowing the UK
group to return 71 percent of the net proceeds - or $84 billion
- to shareholders while also ramping up investment in its
* June 24 - Vodafone agrees to buy Germany's largest cable
operator Kabel Deutschland for 7.7 billion euros, adding TV and
fixed-line services to help defend against mounting competition
in its most important market.
* March 13 - Vodafone and Orange to invest up to 1
billion euros in a joint fibre optic network in Spain that will
bring superfast Internet to millions of homes.
* Vodafone buys Cable & Wireless Worldwide (CWW) for $1.6
billion, giving it a fixed-line network in Britain.