N3OGHYo Soy Col. "Bat" Guano Premium Member join:2003-11-11 Philly burbs |
N3OGH
Premium Member
2007-Jul-16 9:17 am
Mostly speculationThis is mostly just speculation, probably floated by someone who owns a large chunk of stock.
But, it would make sense for Vodafone to make their move for the rest of Verizon wireless now. The US dollar tests new lows against British and European currencies daily, giving overseas investors an advantage as far as cash positions.
I seriously doubt Verizon would give up their stake voluntarily, though. A lot of time and money has been spent over the years to bolster Verizon's wireless image. I don't think they would just "walk away" from the wireless business... | |
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Re: Mostly speculationAnother BBR debacle: Vodafone issued a press release to the NY Times stating they are NOT interested in buying Verizon. » www.nytimes.com/reuters/ ··· f=slogin"LONDON/NEW YORK (Reuters) - Wireless telecommunications company Vodafone Group Plc said it is not planning to bid for Verizon Communications Inc , responding to a report it was considering a $160 billion offer. The Financial Times' FT Alphaville blog said on Monday that Vodafone was considering such a bid -- which would consolidate ownership of their wireless joint venture -- prompting Verizon's shares to jump more than 12 percent in premarket trading. Verizon shares gave up most of those gains after Vodafone's denial and were up only 2.23 percent at $42.69 at midday. Vodafone shares trimmed earlier losses to trade down 0.61 percent at 162.20 pence. "Vodafone wishes to make it clear that it has no plans to make such an offer," the company said in a brief statement. Verizon spokesman Bob Varettoni declined to comment. A $160 billion bid would represent a 32 percent premium to Verizon's market capitalization of about $121 billion at Friday's close." | |
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| | Ahrenl join:2004-10-26 North Andover, MA |
Ahrenl
Member
2007-Jul-16 3:06 pm
Re: Mostly speculationI wouldnt' call it a BBR debacle, every news agency in the US reported this deal, over and over.
Other speculation was that Vodaphone was trying to prop up Verizon's share price, so Verizon could use an equity offering to buy out Vodaphone's stake in VZW. | |
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| | | N3OGHYo Soy Col. "Bat" Guano Premium Member join:2003-11-11 Philly burbs |
N3OGH
Premium Member
2007-Jul-16 3:58 pm
Re: Mostly speculationYeah, I wouldn't call it a BBR debacle either. Most of the major wire services picked up this story.
The idea of improving VZW's stake by fluffing the stock price was something I didn't think of... | |
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Re: Mostly speculationsaid by N3OGH:Yeah, I wouldn't call it a BBR debacle either. Most of the major wire services picked up this story. The idea of improving VZW's stake by fluffing the stock price was something I didn't think of... Well, I hope they DO buy Verizon. It would be nice to have a new name/company. Maybe the rates will go down on their rediculously high priced cell phone service. I loved their coverage, and internet speed, but hated the cost. They are CRAZY expensive... | |
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| | | | | NY Tel Premium Member join:2004-04-09 Smithtown, NY |
NY Tel
Premium Member
2007-Jul-16 10:29 pm
Re: Mostly speculationsaid by phattieg:said by N3OGH:Yeah, I wouldn't call it a BBR debacle either. Most of the major wire services picked up this story. The idea of improving VZW's stake by fluffing the stock price was something I didn't think of... Well, I hope they DO buy Verizon. It would be nice to have a new name/company. Maybe the rates will go down on their rediculously high priced cell phone service. I loved their coverage, and internet speed, but hated the cost. They are CRAZY expensive... My fear is that they buy VZ Communications, keep VZ Wireless and sell The landline company to AT&T. Back to 1 monopoly. | |
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| | | | | | N3OGHYo Soy Col. "Bat" Guano Premium Member join:2003-11-11 Philly burbs |
N3OGH
Premium Member
2007-Jul-17 1:14 pm
Re: Mostly speculation"My fear is that they buy VZ Communications, keep VZ Wireless and sell The landline company to AT&T. Back to 1 monopoly."
BITE YOUR TONGUE. GO ON, BITE IT. Bite it HARD.
I haaaaaaaate AT&T. Ever since they shafted me into paying their bogus bill.
Did I mention I hate AT&T? | |
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| | | | | | | NY Tel Premium Member join:2004-04-09 Smithtown, NY |
NY Tel
Premium Member
2007-Jul-17 8:16 pm
Re: Mostly speculationsaid by N3OGH:"My fear is that they buy VZ Communications, keep VZ Wireless and sell The landline company to AT&T. Back to 1 monopoly." BITE YOUR TONGUE. GO ON, BITE IT. Bite it HARD. I haaaaaaaate AT&T. Ever since they shafted me into paying their bogus bill. Did I mention I hate AT&T? No but tell us how you really feel....lol I have predicted and feared this for years. Having been an insider at VZ......It is a possibility. | |
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| | | | | | Bell System Premium Member join:2005-12-04 Strongsville, OH |
to NY Tel
ding. Think aboot it. Vodaphone buys Verizon, then sells the landline plant to at&t, keeping VZW. That way they (at&t) won't raise as many eyebrows when they buy verizon as they won't be gobbling up both landlines and wireless...
besides VZW isn't GSM. No fear about it...it will happen.
AT&T will buy Verizon landline after 2 things happen...
1. Verizon one way or another isn't attatched to VZW.
2. Verizon sells off it's "unprofitable" markets/regions. (same deal goes for qwest. no way at&t buys qwest as is. watch for qwest to sell their unprofitables before being bought by at&t.)
Make a note of this, for it shall be true. | |
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| | | | | | | NY Tel Premium Member join:2004-04-09 Smithtown, NY |
NY Tel
Premium Member
2007-Jul-17 11:59 pm
Re: Mostly speculation.....And so ends competition, lower prices, free nights and weekends, mobile to mobile calling. | |
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| | | | | | | | Bell System Premium Member join:2005-12-04 Strongsville, OH |
Re: Mostly speculationhow would that end competition? at&t wireless and VZW would not be combined. And at&t landline and VZ landline compete at the highest levels, (much like at&t/bellsouth pre-merger)
Besides with a move like that, the existing unions in the "provitable" areas would most likely stay but as they would be merged w/ at&t who has both CWA & IBEW currently. | |
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| | | | | | | | | NY Tel Premium Member join:2004-04-09 Smithtown, NY |
NY Tel
Premium Member
2007-Jul-18 11:47 pm
Re: Mostly speculationsaid by Bell System:how would that end competition? at&t wireless and VZW would not be combined. And at&t landline and VZ landline compete at the highest levels, (much like at&t/bellsouth pre-merger) Besides with a move like that, the existing unions in the "provitable" areas would most likely stay but as they would be merged w/ at&t who has both CWA & IBEW currently. It was just my gloom and doom sense of humor coming into play... | |
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intellerSociopaths always win. join:2003-12-08 Tulsa, OK |
Actually what would make more sense......is for Vodaphone to sell out their chunk of Verizon and buy T-mobile instead. | |
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Re: Actually what would make more sense...said by inteller:...is for Vodaphone to sell out their chunk of Verizon and buy T-mobile instead. Id say the same, isn't vodaphone gsm based everywhere else ? I mean really they would be the cadillac of wireless carriers if they could offer non rated roaming to even europe where they have coverage for american phones and vice versa. | |
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Re: Actually what would make more sense...I wish whether that happens or not T-Mobile could build out their network... the one thing keeping me to Cingular, besides their contract, is that T-Mobile's network isn't good around here... a friend of mine has T-Mobile and when it works... it works great... but often his signal is one bar or none at all... (though with 3 or more bars he gets better signal than I do with 5 bars on AT&T) | |
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| menumorutBE an American. join:2005-07-04 Queens Village, NY |
to inteller
...as Vodafone got overbid by Orange (France telecom)in a bid for a Ya.com (Spanish ISP)formerly owned by parent of T-mobile, Deutsche Telecom. | |
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HmmSo would they pay $160billion in Euro's or Dollars? That's a nice chunk of change | |
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| RaptorNot a Dumptruck join:2001-10-21 London, ON |
Raptor
Member
2007-Jul-16 9:39 am
Re: Hmm....denied a report it was weighing up a massive $160 billion offer for Verizon Communications....Oddly enough, not every country uses the $ sign to denote currency just because Americans do. Unless the authors of these articles are just giant slackers.. | |
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| sporkmedrop the crantini and move it, sister MVM join:2000-07-01 Morristown, NJ |
to Agent_haito
If it is US dollars, that works out to "only" 79 billion pounds. | |
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caco Premium Member join:2005-03-10 Whittier, AK |
caco
Premium Member
2007-Jul-16 9:28 am
Good bye Fios if this ever happensNot likely to happen but if it did, it would be good bye future Fios deployments. Vodaphone debt load would be so huge they would have a hard time funding any new Fios deployments. | |
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| N3OGHYo Soy Col. "Bat" Guano Premium Member join:2003-11-11 Philly burbs |
N3OGH
Premium Member
2007-Jul-16 9:35 am
Re: Good bye Fios if this ever happensWOW, I was reading the FT article.
That's a LOT of money moving around there. I mean STAGGERING.
Well, if it happens, I hope they hold off at least a little while. My CO is being fired for FiOS right now, and I'm on the outskirts of it. Town all ready signed a franchise agreement for TV, so I'm looking forward to having options other than Comcast... | |
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| RaptorNot a Dumptruck join:2001-10-21 London, ON |
to caco
I'm confused, being a simple Canuck. Does VZ Wireless = Verizon? Reading the article sometimes Verizon Wireless is used and sometimes straight Verizon. Same goes for a couple posts already, seemingly distinguishing the two...
Is this a bid for just the wireless portion of VZ, i.e. the mobile phone section of the company? Or VZ as a whole?
If so, depending on revenues/expenditures, a buyout could potentially free up more cash for Fios deployments. VZ could become an ISP only, focus on fiber, and take a real strangle hold on things.
Anyone mind clearing that up? | |
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| | SabreDi relung hatiku bernyanyi bidadari join:2005-05-17
1 recommendation |
Sabre
Member
2007-Jul-16 9:52 am
Re: Good bye Fios if this ever happensVerizon Wireless is a separate company, dealing in mobile phone services. They are jointly owned by Verizon and Vodafone (I believe the split is 55/45). They are not officially part of the Verizon company, but a half-owned subsidiary. And frankly, I doubt this'll happen. But now that Vodafone is no longer the lead sponsor of Manchester United, I'd be okay with Vodafone being my cellphone company if it does. | |
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| | caco Premium Member join:2005-03-10 Whittier, AK 1 edit |
caco
Premium Member
2007-Jul-16 9:52 am
Re: Good bye Fios if this ever happenssaid by DMS1:said by caco:Not likely to happen but if it did, it would be good bye future Fios deployments. Vodaphone debt load would be so huge they would have a hard time funding any new Fios deployments. I think you've got the wrong end of the stick. Vodaphone would only being buying the 60% or so of Verizon Wireless that they don't already own. They wouldn't be buying all of Verizon. Therefore, on the contrary, Verizon would suddenly have loads of cash that it could invest in FiOS. RTA, The 160 billion is for all of Verizon. | |
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| | | DMS1 join:2005-04-06 Plano, TX |
DMS1
Member
2007-Jul-16 9:55 am
Re: Good bye Fios if this ever happenssaid by caco:RTA, The 160 biliion is for all of Verizon. Yes - I realised that, which is why I deleted my original post. Vodaphone buying all of the Verizon doesn't make much sense, but them just buying Verizon Wireless would in my opinion make a lot of sense. | |
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to caco
The 160 billion is not for all of Verizon...just the wireless portion of the company...but this part of the company is the part that makes the most money so why would they sell it....Verizon wireless is its own company...I work for Verizon on the landline side of the business and we still have to pay them for company owned cell phones. | |
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Re: Good bye Fios if this ever happenssaid by bruins555:The 160 billion is not for all of Verizon...just the wireless portion of the company...but this part of the company is the part that makes the most money so why would they sell it....Verizon wireless is its own company...I work for Verizon on the landline side of the business and we still have to pay them for company owned cell phones. Your not paying attention. Read the article again. This has been clarified in this thread. Vodaphone may pay $160 Billion for Verizon Communications not just Verizon Wireless. They they would sell off your unit for about $80 Billion. | |
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| | | | | Bell System Premium Member join:2005-12-04 Strongsville, OH |
Re: Good bye Fios if this ever happensto at&t. just thought i'd throw that in to clarify. | |
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| cdruGo Colts MVM join:2003-05-14 Fort Wayne, IN |
to caco
This would have absolutely zero impact on FiOS anything. They are different companies under the same Verizon parent corporation umbrella. | |
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| | DMS1 join:2005-04-06 Plano, TX |
DMS1
Member
2007-Jul-16 10:39 am
Re: Good bye Fios if this ever happenssaid by cdru:This would have absolutely zero impact on FiOS anything. They are different companies under the same Verizon parent corporation umbrella. You made the same wrong assumption that I did. It appears that the $160B would be for all of Verizon - not just the balance of Verizon Wireless. | |
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cdru
MVM
2007-Jul-16 10:42 am
Re: Good bye Fios if this ever happensSo I did. | |
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| en102Canadian, eh? join:2001-01-26 Valencia, CA |
to caco
said by caco:Not likely to happen but if it did, it would be good bye future Fios deployments. Vodaphone debt load would be so huge they would have a hard time funding any new Fios deployments. Vodafone is looking for 'Verizon Wireless', not Verizon. Verizon Wireless is owned by Vodafone (45%) and Verizon (55%). | |
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WeSRT4 join:2000-11-20 Mobile, AL
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WeSRT4
Member
2007-Jul-16 9:35 am
AT&T is watchingVodafone buys Verizon Communications and sells Verzion to AT&T keeping Verizon Wireless for themselves. In other news AT&T announces that FTTH is dead. | |
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Subaru1-3-2-4 Premium Member join:2001-05-31 Greenwich, CT |
Subaru
Premium Member
2007-Jul-16 9:50 am
no wayis Verizon going to sell out to vodafone. | |
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| guppy_fish Premium Member join:2003-12-09 Palm Harbor, FL |
Re: no waysaid by Subaru:is Verizon going to sell out to vodafone. Um ... VZ is a publicly traded stock , anyone can "buy out" VZ ... just buy the shares on the open market | |
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| | P NessYou'Ve Forgotten 9-11 Already Premium Member join:2001-08-29 way way out |
P Ness
Premium Member
2007-Jul-16 10:50 am
Re: no waysaid by guppy_fish:said by Subaru:is Verizon going to sell out to vodafone. Um ... VZ is a publicly traded stock , anyone can "buy out" VZ ... just buy the shares on the open market so much to learn so little time. hardly this easy. Esp for a foreign company | |
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| quetwoThat VoIP Guy Premium Member join:2004-09-04 East Lansing, MI |
quetwo
Premium Member
2007-Jul-16 10:32 am
Re: Unloading the wireline buisnessOnly in certain (read: unprofitable) areas. | |
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ummm yea..Theres no way Verizon is selling off its wireless business. | |
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| Jodokast96Stupid people piss me off. Premium Member join:2005-11-23 NJ |
Re: ummm yea..That is only their New England wirelines. | |
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rock56
Anon
2007-Jul-16 10:41 am
thanks to the falling dollarthanks to record lows of the dollar, buying verizon in british pounds just got cheaper! | |
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vzI don't know why vodafone would want a wireless company that uses a different technology they're using. yes, the most likely thing would be for vodafone to buy t-mobile, or sell the stake in vzw and leave it at that.
If they sell off their wireline, that includes verizon business/mci. Who knows, if this buyout is allowed, then at&t may be allowed to buy verizon. Can you imagine that? The article mentions private equity (PE) would get Verizon, but I don't see PE paying $90 billion or so for their wireline, unless a couple PEs team up.
Who knows... maybe Qwest could buy part of Verizon. Qwest was already making an offer for MCI that was almost double the size of the company, so would they do so again? (buy almost half of VZ).
I made a comment a while back in a VZ story that some investors fear that Verizon might spin off their wireline. PE owning them would probably result in the end of fios. AT&T owning them might result in something else. I'd say that there's a better chance that AT&T would keep FTTH over PE keeping it. AT&T can't quit FTTH/FTTN, because of the threat of cable companies. This was always something that investors feared, Verizon getting bought. | |
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Doubt Vodafone is buyingI think it would be more likely that Vodafone is selling their Verizon (VZ is their stock ticker) share. Vodafone has been taking losses the past few years and could use the money to re-structure their core company. As for the post about the stock being publicly traded and easily 'bought out' there are a few legal preceedings as far American Anti-trust laws. Also they wouldn't be able to buy stock that's not available on the open market » moneycentral.msn.com/own ··· ymbol=VZshows the stock ownership, likely those large portions aren't on the market for sale. In other news » www.forbes.com/feeds/ap/ ··· 142.htmlVodafone has denied the claims. | |
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jgkolt Premium Member join:2004-02-21 Avon, OH |
jgkolt
Premium Member
2007-Jul-16 11:07 am
vodofonedoes vodafone have that kind of money? maybe if they did we would get a more unified gsm service here. | |
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| nozzer join:2004-06-25 Winchester, MA |
nozzer
Member
2007-Jul-16 12:32 pm
Re: vodofoneVodafone briefly traded as the worlds largest company back in the pre dot bomb days. And with the US dollar in the toilet thanks to 7 years of mismanagement (Gov spending has grown 42% since 2000) and borrowing, $160bn is now less than 80bn GBP. Although the denials are firm, aside from the likely government interference, financially it's perfectly doable for Vodafone. | |
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DreadOn course Premium Member join:2005-02-28 Bronx, NY |
Dread
Premium Member
2007-Jul-16 11:15 am
Win/Win for VZWThis would be a great benefit for VZW users, they'll now have updated phones and not 3 year old junk tech to deal with
Vodaphone gets many phones of very high quality like Japan & Korea | |
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tmc8080
Member
2007-Jul-16 11:53 am
shareholder valuethere is (almost) NO WAY shareholders would agree to the reverse.. vodafone has been a thorn in Verizon's side since their joining forces.. unfortunately for Verizon when they first had become Verizon, they had delusions of grandeur of becoming this global MONSTER of an international telecommunications company with wireless assets all over the world.. My, oh my how the mightily laid plans of global conglomerates fail so dearly.. nevertheless, Verizon is stuck with Vodafone and it's going to cost more than few payphone quarters get to this cash guzzling monkey off their back.
Maybe Verizon can "UP THE BID" and buy back a little at a time for a higher ultimate price.. seems fair.. as short of signing the death warrant for their union workers, price gouging a majority of their territories and selling ALL the unprofitable ones-- this deal flushes down the toilet. BTW, I didn't even have to look at the books of the respective companies to tell you this. Most of what I've said could be gleaned from their own press releases over the years.
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dowhattowho
Anon
2007-Jul-16 12:48 pm
$70 Billion for wireless Why would Vodaphone put such a low value on its 45% share of VerizonWireless, using Vodaphone numbers,Verizon can buyout the 45% share for $31.5 billion. | |
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US regulators probably won't allow this...Remember what happened when we tried to sell our ports to a foreign company. There's no way the FCC would approve this...and even if they did, Congress would probably step in. | |
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| ricep5 Premium Member join:2000-08-07 Jacksonville, FL |
ricep5
Premium Member
2007-Jul-16 9:57 pm
Re: US regulators probably won't allow this...Agreed. Foreign ownership rules would apply. Vodaphone would have to change their corporate charter to Delaware and remake their BoD.
This rumor has to climb a long hill before getting any traction. | |
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emply
Anon
2007-Jul-16 1:03 pm
Verizon does away with union employeesVerizon, Verizon Wireless, & Verizon Business are seperate companies. Verizon wants to get rid of the "Union Jobs" which are the Verizon Res jobs, they want to keep verizon wireless and business because they would not have to pay us union wages or give us 401k, medical, dental, vision, prescription benefits. | |
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I don't believe US government will allow this...I don't think this will happen. I mean the whole out buyout of Verizon. Verizon is one of the prime subcontractors to the US government (read DoD, CIA, FBI and NSA among others). No way the federal government will let a foreign company to buy an American telecom company. There is actually maybe a law that actually forbids a foreign ownership of a strategic assets. Telecommunications infrastructure companies qualify for that just like military contractors. | |
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compton
Member
2007-Jul-16 10:57 pm
Verizon will not sell out to VodafoneTwo Things.
(1) Verizon can't be bought over unless Verizon Board Of Directors agree to a buyout. Companies the size of Verizon have "nasty poison pills" to fend off hostile takeovers and as such can't really be taken over unless they want to be taken over. I am 100% certain that Verizon wants to remain an independent company and does not want to be taken over.
(2) Verizon Wireless is very profitable. VW added 1.7 million new customers in the first quarter of this year while seeing a 10% drop in churn from a year ago. If anything I would guess Verizon wants to buy out Vodafone 45% stake in Verizon Wireless. Vodafone is probably using reverse psychology by saying Verizon's share of VW is worth 80 billion dollars US meaning.....give us (Vodafone) 80 billion and you can have our 45% stake. | |
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geesh...If (and only if) Vodafone bought out Verizon in it's entirety, I could see AT&T purchasing nearly all of Verizon landline....talk about evil; that would leave only Qwest and Ebarq as the 2 major non AT&T phone-companies.
Also, I wonder what Vodafone would due with Verizon's wireless portion? Change the way people are billed? Free incoming calls, but pay by 30 second blocks? Or would they keep the current style and just rebrand everything "Vodafone".
I very much doubt this'll happen....I could see Vodafone buying out all of VZW (or VZW buying out Vodafone's stake), but not Vodafone buying all of Verizon. | |
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