Vodafone expands to car industry

145 million euros is the price paid by Vodafone to enter the car industry world.

The British telecommunication company, Vodafone, has purchased the Italian-based Cobra Automotive Technologies.

The Italian company provides security, communications and car tracking for the auto industry and insurance services.

Vodafone’s purchase is a key movement to expanding in the machinery industry, a sector that most mobile companies worldwide see as an important source of growth.