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Verizon Asks Vodafone To Sell Back Stake

Mar 12, 2006, 3:00 PM by (staff)

Verizon has directly approached Vodafone about buying back the UK firm's 45% stake in Verizon Wireless. Verizon has not made an official offer, however this is the first time the company has asked Vodafone to sell their stake directly. Recently, Verizon executives have made a number of public comments about wanting to increase their stake in VZW. Although they have previously said they would maintain their investment in Verizon Wireless, Vodafone may finally be ready to sell, as the company has just put their Japanese unit up for sale, and may look to shed other investments that do not play directly into their large GSM network in Europe.

Reuters »

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Comments

This forum is closed.

This forum is closed.

sangyup81

Mar 12, 2006, 4:28 PM

Monkey See Money Do

The timing of this is kinda funny don't you guys think?

But this is a good thing. It shows Verizon takes AT&T/Cingular seriously and will do what it takes to be #1.

nextel18

the time isnt funny at all, becuase this is another period in which vodafone can opt to option they have with verizon.. there are points in the year they can and can not..

but this is also expected especially since of the T and bell south merger.....
(continues)

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nextel18

in addition to the buying partners i said, they also should look at sprint's embarq (when it would be spunoff), and alltel's wireline business when they spin off it.

...

natemc

Mar 13, 2006, 1:32 PM

What will this mean for Verizon?

Can anyone tell me what this will mean for Verizon and their customers?

nextel18

well there are 2 implacations..

1. if verizon were to buy out vodafone's stake they would obviously have to make up for the hefty $50+B price tag which means probably that customers would have to pay more for their services to make up.

2 however...
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barryefau

It means that VZW can go GLOBAL BABY! 🙂 Maybe they'll have a really good north america plan. I don't think customers will pay the bill here, since 45% of the profits go to voda, the cost will be made up within a few years... whats another 40bn to vz ...
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d_n_jax

It will mean better service all the way around if they take the cue from VZ Wireless. Wireless is the future anway! Check out VZW's accomplishments:
-Set the record for anual revenue of any comm comp in history
-Set the record for the industry's l...
(continues)

sowhatsowhat10

Mar 12, 2006, 3:31 PM

?????

didn't verizion turn down the offer from voda in the summer? 😕 can someone clear this up for me?

is vzw doing tis just for competiton to keep in for with at*t/sbc?

nextel18

hey....

as you know this has been expected for quite sometime, especially now becuase of the merger between T and BLS.

this has actually been going on since 2001 with the whole situation of verizon buying out vodafone's stake, but there are cer...
(continues)

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nextel18

Mar 12, 2006, 9:30 PM

verizon wireless' and Vodafone's worth (based on subscribers)

just based on subscribers(becuase that is the real price of what many companies are paying)

verizon wireless= 51.3 million
the recent dollar amount per subscriber from recent purchases= $2,000

total= $102B
spectrum= $47B

========

vodafone

subscribers= (counting their majority stakes of 50.1+%) 126 million
$2000 per customer= $252B

spectrum= (probably more then $47B. i cant find this number)

========

so as you can tell it would be a very powerful worldwide company...

so why not?

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