Vodafone set to provide broadbandThe mobile phone giant Vodafone will branch out

31 May 2006

Mobile phone giant Vodafone is looking to branch out into providing broadband.

The move was announced as the company revealed losses of GBP 14.85 billion which will see it axing 400 jobs at its Newbury headquarters.

Chief executive Arun Sarin said the company wanted to generate new business and was looking at new tariffs offering cheaper calls on mobiles at home. Vodafone would also consider working with an internet provider to sell broadband under the Vodafone brand.

Vodafone is already upgrading its 3G masts to carry a new system called HSDPA which it says will deliver faster mobile broadband to Vodafone 3G customers.

The system is roughly four times faster than current 3G speeds and will be phased in this year. Customers within the M25 will get the new coverage from the middle of the year; Vodafone plans to roll it out across all major UK towns and cities by the end of 2006.