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.
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Monkey See Money Do
But this is a good thing. It shows Verizon takes AT&T/Cingular seriously and will do what it takes to be #1.
but this is also expected especially since of the T and bell south merger.....
What will this mean for Verizon?
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.
-Set the record for anual revenue of any comm comp in history
-Set the record for the industry's l...
is vzw doing tis just for competiton to keep in for with at*t/sbc?
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...
verizon wireless' and Vodafone's worth (based on subscribers)
verizon wireless= 51.3 million
the recent dollar amount per subscriber from recent purchases= $2,000
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?