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Forums » Vodafone May Offer $160 Billion for Verizon » Mostly speculation
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« Actually what would make more sense...  

supergirl

join:2007-03-20
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Re: Mostly speculation

Another BBR debacle: Vodafone issued a press release to the NY Times stating they are NOT interested in buying Verizon.

»www.nytimes.com/reuters/business···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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permalink · 2007-07-16 13:52:55 · Print · Reply to this
Ahrenl

join:2004-10-26
North Andover, MA
·Verizon FIOS

Re: Mostly speculation

I 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.
permalink · 2007-07-16 15:06:57 · Reply to this

N3OGH
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Philly burbs
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Re: Mostly speculation

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...
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permalink · 2007-07-16 15:58:26 · Reply to this

phattieg

join:2001-04-29
Winter Park, FL
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Re: Mostly speculation

said by N3OGH See Profile :

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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permalink · 2007-07-16 16:57:58 · Print · Reply to this

NY Tel
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Re: Mostly speculation

said by phattieg See Profile :

said by N3OGH See Profile :

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.
permalink · 2007-07-16 22:29:39 · Print · Reply to this

N3OGH
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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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permalink · 2007-07-17 13:14:54 · Reply to this

NY Tel
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Re: Mostly speculation

said by N3OGH See Profile :

"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.
permalink · 2007-07-17 20:16:43 · Print · Reply to this

Bell System
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Strongsville, OH
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 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.
permalink · 2007-07-17 23:06:42 · Print · Reply to this

NY Tel
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join:2004-04-09
Smithtown, NY

Re: Mostly speculation

.....And so ends competition, lower prices, free nights and weekends, mobile to mobile calling.
permalink · 2007-07-17 23:59:53 · Reply to this

Bell System
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Strongsville, OH
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Re: Mostly speculation

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.
permalink · 2007-07-18 09:05:33 · Reply to this

NY Tel
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Re: Mostly speculation

said by Bell System See Profile :

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...
permalink · 2007-07-18 23:47:22 · Print · Reply to this
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