Vodafone confirms Singlepoint deal

Mobile phone giant Vodafone today said it was buying Singlepoint, the mobile phone services operation owned by entrepreneur John Caudwell, for £405m (€574.8m).

The Newbury-based mobile phone group said its UK arm Vodafone UK had agreed to acquire Singlepoint (4U), a wholly owned subsidiary of the privately owned Caudwell Group, which owns mobile phone retailer Phones4U.