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According to the UK Secretary of State for Industry, "the bid submitted by Racal-Millicom Ltd…
The two struck a deal giving Racal 60% of the new company, Racal-Millicom, Ltd, and Millicom 40%.
Due to UK concerns about foreign ownership, the terms were revised, and in December 1982, the Racal-Milicom partnership was awarded the second UK mobile phone network license.
Final ownership of Racal-Millicom, Ltd was 80% Racal, with Millicom holding 15% plus royalties and venture firm Hambros Technology Trust holding 5%.
At the time you pulled this report, the IP of uk is 126.96.36.199 and is located in the time zone of Europe/London.
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The evolution of Vodafone started in 1982 with the establishment of the Racal Strategic Radio Ltd subsidiary of Racal Electronics, the UK's largest maker of military radio technology, which formed a joint venture with Millicom called 'Racal', which evolved into the present day Vodafone.
In 1980, Sir Ernest Harrison OBE, the then chairman of Racal Electronics, agreed to a deal with Lord Weinstock of the General Electric Company to allow Racal to access some of GEC's tactical battle field radio technology.
The head of Racal's military radio division, Gerry Whent, was briefed by Ernest Harrison to drive the company into commercial mobile radio.