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Deadline Looms For Vodafone Stock Decision

Jun 22, 2007, 11:45 AM by (staff)

Vodafone shareholders could convince the European carrier to sell some of its stock in Verizon Wireless. When it joined with Verizon to form Verizon Wireless, Vodafone was given until August 9, 2007 to sell up to $10 billion of stock in the venture. At current value, that would be approximately 7% of the company, leaving Vodafone with a 38% stake. Previously there have been rumors that Vodafone was looking to sell its entire stake back to Verizon, however the company has stated it is not ready to sell any time soon.

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Comments

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This forum is closed.

nextel18

Jun 25, 2007, 5:01 PM

Tough decision for Voda.

I think it will be very difficult for Vodafone to sell some of their stake because VZW continues to grow at record levels with continued success almost in every single category of their wireless business. I think Vodafone should not sell yet and wait because every single year they wait their stake of VZW as well as the whole VZW company because more expensive and more valuable.

bones boy

Jun 22, 2007, 1:47 PM

Useless stock...

...has done nothing in the past 8-9 years, since the last split. I'd dump it too.

SpectreBlofeld

Dividends, dude. There are ways to make money from stock other than selling it. VZW is a very profitable company.

...

vz_wireless

You have no idea what you are taking about. Verizon Communications stock, is not the same as Verizon Wireless stock.

Verizon Wireless is not publicly traded, however, they do give stock options to employees. In early 2003 they were valued around ...
(continues)

...

Wireless Buddy

Jun 23, 2007, 9:03 AM

Good! Hopefully some changes!

If Verizon buys the remaining stock from Vodsphone, maybe we'll see some positive changes like cheaper rates and no commie UI. 😁

nyz

umm.. its not vodaphone who iniated those ideas..

VZ is the one who locks you down in contracts and forces manufacturers to use their tandy applications

...

elgee02

Why would VZW change what they are doing? It's obviously working as they have the lowest churn and are adding the most customers quarter after quarter. 😲

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