Vodafone (VOD +0.6%
) is creating an enterprise unit
that will be headed by the CEO of recently-acquired
Cable & Wireless. The unit will handle Vodafone's deals with enterprises and other carriers, as well as its Web hosting, cloud, and machine-to-machine services. A variety of C&W businesses will be integrated. Vodafone expects to record integration costs of £500M related to the C&W acquisition by 2016, and sees these efforts delivering cash flow benefits of £150M-£200M by then.