Vodafone Keeping Verizon Stake
Mar 22, 2006, 2:34 PM by (staff)
Vodafone CEO Arun Sarin confirmed the company has no intention of selling its stake in Verizon Wireless. "We are happy with our position in the U.S. and have no current plans to exit," he said in a conference call. After months of hinting, Verizon recently made an offer to buy Vodafone's stake in Verizon Wireless for $40 billion. Vodafone owns 45% of the carrier.
Verizon to Buy Yahoo's Internet Business for $4.8B
Verizon Communications today said that it has agreed to buy Yahoo's core internet and search businesses for $4.83 billion. Yahoo's properties will join AOL under Verizon's ownership, to be managed by Marni Walden, EVP and President of the Product Innovation and New Businesses organization at Verizon.
Verizon Buys Into AwesomenessTV to Bolster Mobile Video
Verizon has agreed to acquire a 24.5% equity stake in AwesomenessTV and will use the platform to add unique content to its go90 mobile video service. DreamWorks and Hearst will maintain 51% and 24.5% shares, respectively, in AwesomenessTV.
Verizon and AwesomenessTV Bag Video Content Plans
Verizon Wireless and AwesomenessTV no longer plan to develop premium video content for mobile devices. Verizon invested in a 24.5% stake in AwesomenessTV last year with the intent of introducing new programming for millennials that would stand apart from Verizon's existing go90 video product.
Verizon to Be Exclusive Carrier Selling Google Pixel Phone
Google today named Verizon Wireless as its exclusive carrier partner for the new Pixel smartphones. Verizon is accepting preorders for the Pixel and Pixel XL starting today.
we as i posted earlier on another forum that it wouldnt be wise for vodafone to sell its stake in verizon wireless especially considering the growth that it has been seeing.. i think in 3 or so years as this market becomes saturated and voic...