Shareholders Approve Verizon's Vodafone Buyout
The shareholders of both Verizon Communications and Vodafone Group have approved the sale of Vodafone's stake in Verizon Wireless to Verizon Communications. Verizon Wireless is a joint venture between Verizon Communications and Vodafone. Vodafone owns about 45% of Verizon Wireless. Verizon Communications proposed last year to take full ownership of the joint venture in a deal valued at $130 billion. The companies' shareholders agreed to the terms of the sale and the issuance of new stock to make the financial transaction work. The Federal Communications Commission has already approved the sale, but it still needs the approval of the High Court of Justice of England and Wales. The companies expect the deal to close on or about February 21.
Sprint Expands Retail Deal with Dixons Carphone to 500 Stores
Feb 29, 2016
Sprint today announced a joint venture between it and Dixons Carphone to open 500 Sprint stores around the U.S. The joint venture follows a pilot program the two companies launched last year that saw them test Dixons' best practices in some 20 Sprint stores.
Sprint Takes Control of 100 Stores from Dixons Carphone
Jun 9, 2017
Sprint today said it will acquire 100 retail stores that it has operated in partnership with Dixons Carphone since last year. The two companies created a joint venture in February 2016 that relied on retail know-how from Dixons Carphone to sell Sprint goods and services.
Justice Department Pushes Courts for Action On AT&T Appeal
Jul 19, 2018
The Justice Department has asked the D.C. Circuit Court of Appeals to prioritize its appeal against last month's decision regarding AT&T's acquisition of Time Warner.
Verizon to Pay $350M Less for Yahoo After Privacy Breach
Feb 21, 2017
Verizon and Yahoo today said they've amended the terms of their acquisition, first announced in July 2016, which will see the sale price drop by $350 million. The deal has been in jeopardy since December when Yahoo disclosed a material security breach that impacted more than 1 billion users.
Boost Founder Wants to See Boost/MetroPCS Divested If Sprint/T-Mobile Merger Goes Through
May 22, 2018
At least one person thinks Sprint and T-Mobile should be required to divest their respective prepaid businesses if they are allowed to merge. Peter Adderton, founder and former CEO of Boost Mobile, firmly believes the market will become less competitive — particularly in the prepaid space — if Sprint and T-Mobile are allowed to merge without any divestitures.