Vodafone 1998 Annual Report Download - page 48
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Annual Report and Accounts 1998 - Review of Operations - International
Vodacom's Community PhoneShop initiative
gives previously disadvantaged communities
the ability to make telephone calls.
has a 30% interest, was awarded a licence in March 1998
to operate Egypt's second GSM network. The new
network is expected to open for service later in the
1998/99 financial year.
Satellite
The Group reduced its interest in the Globalstar partnership, which is developing a worldwide digital
telecommunications service based on a constellation of low earth orbit satellites, from 6.1% to 5.2%,
generating a profit of £11.3m. To date, eight of the constellation of forty eight satellites (plus eight in-
orbit reserve satellites) have been successfully launched and full commercial service is planned for the
middle of 1999. Handsets will access both satellite and terrestrial networks and will automatically switch
to the satellite based service when outside terrestrial coverage.
http://www.vodafone.com/download/investor/reports/annual98/reviewops/international.html (4 of 4)29/03/2007 23:08:12