1983 Racal Electronics competed for one of the original licences to operate a cellular network in the UK, both it and British Telecom were successful. Racal established the Racal Telecom (now Vodafone) subsidiary.
1984 The operating company was Racal-Vodafone Ltd. A new public telephone service based on cellular technology was announced, run by Racal and Millicom. The network would be operated by the AA and Racal, using L. M. Ericsson's Vodafone method
1987 Racal Electronics acquired the 20 percent of Racal-Vodafone that it did not own
1988 Racal-Vodafone Ltd was one of the telephone companies granted a variation in their licence in relation to chatlines
1988 Vodafone was packaged together with other Racal companies to form Racal Telecommunications Group; 20% of Racal Telecom was floated on the London Stock Exchange. This would lead to the situation where Racal Electronics was valued at less than its shareholding in Racal Telecom.
1990 Announced plans to demerge Racal-Telecom by transferring the shares to shareholders; the rest of Racal Electronics would be subject to a management buy-out led by Sir Ernest Harrison (Racal Chairman) which would remain a public company for an "appropriate time"
1991 Demerged Racal Telecom in October. Racal Telecom was renamed Vodafone Group and later became the largest mobile network in the world and the highest valued company on the FTSE 100.
The remainder of Racal Telecom continued as a subsidiary of Racal Electronics as a network provider, especially of data networks for businesses.
1999 As a result of poor financial position, flotation of the business was postponed
1999 The company was acquired by the US telecommunications group Global Crossing. Racal Electronics kept the railway-related network businesses in a separate division and the Field workforce which provide maintenance and installation work
Sources of Information
- The Times, May 08, 1984
- The Times, May 22, 1984
- The Times, Oct 13, 1984
- The Times, Nov 21, 1984
- The Times, Dec 31, 1984
- The Times, December 30, 1986
- The Times, April 13, 1987
- The London Gazette 13 May 1988
- The Times (London, England), Friday, July 15, 1988
- The Times, November 17, 1990
- The Times, December 12, 1997
- The Times July 06, 1998
- The Times May 04, 1999
- The Times, October 12, 1999