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Vodafone says no to Ј30m Yes buy

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Author: [email protected]

Vodafone has denied it paid Ј30m to take over Manchester-based telecoms reseller Yes Telecom. According to a spokeswoman for the mobile giant, the figure quoted in the press for the deal is "way off the mark". It's thought Vodafone paid considerably less for the B2B operator. Vodafone announced the deal last month and has said it chose to become the majority shareholder in Yes Telecom to buff up its business presence. Vodafone's spokeswoman said Yes Telecom won't go changing after its buyout. "We're going to be very arm's length," she told silicon.com. "We're not looking to manage them or redirect them." The six-year-old company has more than 100 staff and sells phone and data services to more than 250 enterprises.
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