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Verizon Asks Vodafone To Sell Back Stake

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Top message:  Monkey See Money Do by sangyup81   Mar 12, 2006, 4:28 PM

Replying to:  Re: Monkey See Money Do by alpha1   Mar 12, 2006, 8:03 PM

Re: Monkey See Money Do

by nextel18    Mar 12, 2006, 8:24 PM

nothing is rediciolous especially in this world and industry.. since nothing is really bought with cash any more but assumed debt, anything can happen. they are already offering a unoffical $50B to vodafone, might as well just buy them outright and have their worldwide operations.

sprint/nextel and verizon merger would never go through unless there would be many divestitutres.. ( you must not read my posts becuase i mentioned this) i also mentioned about alltel.

they dont need to buy any mexican or canadian operator now, they need to focus on their united states carrier that is truely the best, fastest, and the most profitable wireless company.

comcast or time warner could also do some buying.. i heard rumors of a comcast buying out sprint/nextel, however, that wouldnt make sense now for the next 3 years especially with the exclusivity with the cable deal.. although you never know...

anyway. i mentioned before of that there are companies all over this industry and others who "buy" companies and they cant afford them.. this is the world we live in especially if they are a publicly traded company.. they can issue stock and assume debt.

$150B is not a lot for a company like vodafone..

i will share some numbers with you about vodafone and verizon;

vodafone= (this past 6 months) (so just multiply by 2 for the rest.. estimate of course)
Operating Free Cash Flow £4.2bn
Proportionate Revenue £23.9bn
Total cash return during FY 05/06 in excess
of £9bn
Net debt:
• March 2005 of £11.1bn
Free cash flow of £6.5–7.0bn
Expected net debt as at March 2006 over
£17bn (becuase of of buying a company)

fy 06/07
Free cash flow £6.5 to £7.0 billion, including Romania and the Czech Republic**
----------

verizon= (this past year)


$22.0 billion in 2005 Cash Flows From Operations

For the year, Verizon reported earnings of $7.4 billion, or $2.65 per share, in 2005.

Verizon's total debt decreased $0.3 billion compared with year-end 2004, to $39.0 billion at year-end 2005.

Full-year 2005 wireless revenues were $32.3 billion, an increase of 16.8 percent compared with 2004.

-------

so it doesnt make too bad of sense to look especially if they are already going to be paying half of what vodafone's worth.

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