Tag Archives: Vodafone
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
Posted in Financial, Vodafone, verizon
Tagged £2.1 billion, dividend, JP Morgan, Lowell McAdam, Verizon Wireless, Vodafone, windfall
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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
Posted in Financial, Vodafone, mobile news, verizon
Tagged bond issue, verizon, Vodafone
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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
Posted in Financial, Vodafone, mobile news, verizon
Tagged Andy Halford, dividends, Lowell McAdam, Philip Cusick, verizon, Vodafone
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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
Posted in Financial, Vodafone, mobile news, verizon
Tagged bid, joint US venture, Reuters, verizon, Vodafone
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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
Posted in Financial, Vodafone, mobile news, verizon
Tagged Francis Shammo, joint venture, tax bill, verizon, Vodafone
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Banks brought on board to advise on EE float
£10 billion could be raised in London’s biggest IPO for years
Owners of Britain’s largest mobile operator, EE, have move a step closer to floating the business with the appointment of banks to advise on the sale. In what is expected to be one of the biggest initial public offerings in London in years, it’s thought the partial flotation of EE could raise as much as £10 billion for France Telecom and Deutsche Telekom who both need a cash injection to expand infrastructure in Europe and elsewhere. Continue reading
Posted in Everything Everywhere, Financial, mobile news
Tagged bank advisors, China Mobile, EE, IPO, Vodafone
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Specific Media unveils Mobile In The Home
New service based on Householding technology focuses on mobile devices within the home, offering targeting solutions and high engagement levels across display, rich media and video formats
Press release
April 2nd 2013. Specific Media has announced that Vodafone is one of the first major customers to use its new Mobile In The Home product, which is based on its award-winning Householding service. A spokesperson from Vodafone said, “Mobile devices have become a primary tool for internet usage in the home, from browsing to shopping. We are keen to capitalise on this through targeted, in-home advertising on these devices.” 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
Bad news for Vodafone’s F1 fans
Rating: 2013′s last chance to get in those McLaren pits
It seems that Vodafone has conclude a review of its global sponsorship deals. The good news is that the mobile operator has discovered almost ubiquitous (90 per cent) awareness of the Vodafone brand in all markets where the company operates. Now for the bad news, fellow Formula One racing fans. Vodafone will end its engagement with the McLaren F1 team after the conclusion of the 2013 season. So, if you’ve been hoping to win one of Vodafone’s VIP days out to Silverstone (where the British F1 race is held), you better get your skates on because 2013 is your last chance. 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 hires leading Google exec Omid Kordestani
Rating: Builds businesses as well as insider Google knowledge
We’re not sure whether Vodafone wants him for his expertise in building businesses or whether they want someone with a clear insight into the search sector. However, Vodafone has appointed Google’s 11th employee, Omid Kordestani, as a non-executive director. Kordestani has held positions in mobile orientated companies before but in ten years, he led Google’s business operations from its inception to a business generating over $20 billion in revenues with over 12,000 employees. No small feat. Continue reading
Posted in Mobile Jobs, Vodafone, google
Tagged Gerard Kleisterlee, google, Omid Kordestani, Vodafone
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Loose talk blamed for torpedoing Vodafone’s German deal
Value of Kabel Deutschland soared once word got out
Plans by Vodafone to buy German cable operator, Kabel Deutschland, have been put on ice, following widespread leaks about the deal which are thought to have thrown a spanner in the works. At one point it had been suggested Vodafone had already appointed bankers to advise on the acquisition, though earlier this week CEO Vittorio Colao refused to be drawn further about the bid. Continue reading
Posted in Vodafone, mobile news
Tagged Kabel Deutschland, Robin Bienenstock, Sanford C. Bernstein, talks stall, Vodafone
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