Category Archives: verizon
Ovum warns of emerging maturity for MNOs
Revenues from emerging markets to slow by 2017
Industry watcher, Ovum, has warned MNOs [Mobile Network operators] that emerging markets are good but its forecast for 2017 warns of ‘emerging maturity’. The company predicts that a concentration on BRIC [Brazil. Russia, India & China] whilst previously trendy might not be such a brilliant idea as emerging market growth slows. After all, low ARPU across emerging markets means that these markets generate less revenue and profit relative to their subscriber base. Steven Hartley, a telco strategy analyst, with Ovum warns Vodafone that it should worry about speeding up its palliative care for its European operations while it still has the Verizon Wireless cash cow. Continue reading
Vodafone’s full year revenues slump
No windfall dividend from Verizon payout, investors also told
Vodafone‘s shares are expected to take a dive when trading resumes this morning (21st May 2013) after full year results to the end of March showed group revenue to have slumped 4.2 per cent to £44.4 billion, with an accompanying decline in organic service revenue of 1.9 per cent. A further disappointment to investors is the news that the British operator is to keep in its own coffers the bulk of the £2.4 billion it recently achieved from its 45 per cent stake in America’s Verizon Wireless, rather than distribute it as a special dividend. Instead investors will get a final dividend of 6.92 pence per share. Continue reading
Vodafone gets unexpected cash boost from stake in joint US venture
Shares poised to rise in London
Vodafone shares are expected to get a fillip when trading opens early today (14th May 2013), after the surprise news from New York last night that it has been handed a £2.1 billion windfall from its stake in joint US venture Verizon Wireless (VZW). The news came too late to impact the British operator’s stock price in London where shares had closed around a half per cent down on the day, settling at 193 pence. Continue reading
Verizon ‘mulling huge bond issue’ as fight to secure Vodafone stake in joint venture rages on
Verizon Communications could issue as much as $20 billion in the international bond market in a single transaction soon, eclipsing even Apple’s huge $17 billion bond sale last week.
That’s the prospect that has analysts salivating, convinced as they are that Verizon is putting together a war chest in its ongoing bid to buy out Vodafone’s stake in their joint venture, Verizon Wireless. Continue reading
Nokia 720 promo confuses GoMo
Nothing to do with speculative May 14th new launch, apparently
Here at GoMo News Towers we were puzzled to be suddenly on the end of a Nokia e-shot for its Lumia 720 model. We regard this as a simple upgrade to the Nokia Lumia 800 which we have on contract from Orange/EE. Nokia’s numbering conventions have always puzzled the consumer but in this case, the 720 is a newer model than the 800. So it can run Windows Phone 8 whereas the Lumia 800 can’t. It is stuck with Windows Phone 7.8. Continue reading
Verizon boss hints at dividend drought as he piles the pressure on Vodafone
Verizon Communications CEO Lowell McAdam is again piling the pressure on UK operator Vodafone to sell its 45 per cent in their joint US venture, hinting that there will be no dividend forthcoming this year.
With Verizon Wireless (VZW) proving to be ever more a cash cow as its grows its mobile subscriber base, McAdam has repeatedly acknowledged that he’d like to get his hand on the entire operation either by buying Vodafone’s stake or the British carrier outright. Continue reading
Verizon sets up ‘war council’ in new bid to seize Vodafone’s US stake
Kissing could soon stop
Yet more rumours that Verizon Communications is about to buy out Vodafone’s stake in their joint US venture have surfaced. This time suggesting it has already hired both banking and legal advisers for a possible bid. It’s reckoned the deal could cost Verizon £100 billion though, according to Reuters, if Vodafone doesn’t want to play ball then the bid could turn hostile rather than being agreed amicably. So far the UK carrier has played coy whenever the subject of selling its 45 per cent stake in Verizon Wireless surfaces, with Vodafone claiming it doesn’t need the cash for its own expansion ambitions. Continue reading
New pressure on Vodafone to sell stake in joint US venture
Partner Verizon says deal could be structured to avoid huge tax bill
The cat-and-mouse game between Vodafone and Verizon Communications over their joint US venture has taken another twist, with claims that the British operator will not suffer a huge tax bill if it did sell off its 45 per cent stake. For months speculation has been rife that Vodafone was about to dispose of its lucrative share in Verizon Wireless (VZW), sending the UK firm’s share price soaring. But Vodafone’s CEO, Vittorio Colao, has sought to play down the suggestions that he needs the money to expand elsewhere, claiming that his company has a healthy balance sheet and could invest where and when it wants to. Continue reading
Vodafone’s shares surge to ten year high on day of wild rumours
Verizon forced into issuing statement on strategic plans
Fevered rumours about whether Vodafone might be bought outright by America’s Verizon Communications have been scotched, following a day in which the UK carrier’s share price swung wildly. In the first day of London trading since the Easter break, Vodafone’s share price shot from 186 pence to 198 pence before settling back at 192 pence. That was only after Verizon Communications was forced into issuing a statement insisting it had “no intention” of acquiring or merging with Vodafone, either alone or in conjunction with others. Continue reading
Vodafone shares set to rocket as US deal nudges closer
Blockbuster deal with Verizon could happen by summer
Shares in Vodafone are expected to surge when trading resumes today [25th March 2013] amid reports that its rumoured exit from its US joint venture Verizon Wireless is now definitely on the cards. According to The Sunday Times, the UK operator could bank as much as $135 billion (£88 billion) if the blockbuster deal goes ahead. Verizon Wireless is 45 per cent owned by the UK carrier, with the rest belonging to Verizon Communications which has repeatedly stated its desire to buy Vodafone’s stake. Continue reading
US phone giants could collaborate to carve up Vodafone
Verizon Communications could enlist the help of fellow US mobile giant AT&T if it does ultimately decide it wants to buy Britain’s Vodafone outright or just its stake in Verizon Wireless.
That’s the verdict of David Barden, a top analyst with Bank of America and Merrill Lynch, who says a $140 billion outright purchase will need a bit more financial muscle than Verizon currently has. Continue reading
UK hedge fund urges Vodafone to sell itself to US partner
British hedge fund manager Bronte Capital is adding to the pressure on Vodafone to resolve its ties with Verizon Communications, suggesting the time is ripe for the UK carrier to sell itself to its American partner.
In recent weeks Vodafone’s share price has yo-yo’d amid speculation that Verizon wanted to buy out Vodafone’s 45 per cent stake in their joint US mobile venture, Verizon Wireless. Continue reading
Vodafone ‘in takeover talks’ for German cable firm
Vodafone is the latest telco to enter the frenzy of deal making, with rumours the operator might be mounting a bid for Germany’s biggest cable operator Kabel Deutschland.
Vodafone is thought to be in talks with the firm whose market cap soared to €8.9 billion yesterday [13th February 2013] after word that it might be bought sent its shares up almost nine per cent. Continue reading
EE to ‘be floated’ on London market by end of 2013
Britain’s largest mobile network EE is being primed for flotation at the end of this year in what could prove to be London’s biggest stock market listing in over two years.
If the IPO succeeds it would raise billions for owners Deutsche Telekom and France Telekom, both of whom are in need of a cash injection to invest in expanding their home networks, acquire new spectrum and pay off debts. Continue reading
