For some time now rumors have suggested that Verizon was trying to buy out UK wireless carrier Vodafone's 45% stake in Verizon Wireless after talks of a full merger stalled last December. Earlier this month, anonymous sources suggested that Verizon had even eyed buying all of Vodafone in a joint bid with AT&T, though Verizon denied any talks with AT&T. Now those ever-busy "people familiar with the matter" tell Reuters Verizon is preparing a $100 billion bid to acquire Vodafone's Verizon Wireless stake. Most of the leaks appear to be coming from Verizon in order to apply pressure on Vodafone, but given how long we've been reading these rumors, that doesn't appear to be working very well.
I'm also curious, if they own 55% already, what's the point of having 100%?
More money and no debates about VOD begging for dividend payouts.
2013-Apr-25 7:20 pm: ·
openbox9 Premium join:2004-01-26 united state kudos:2
It will be debt and equity, not all of it cash. Debt is so cheap these days (even AAPL finally woke up and is tapping the debt markets) it's not that big of a deal for something like VZ, especially with its cash flow. Who said anything about lower priced services? You aren't going to see that regardless of VZ's debt load. AT&T isn't playing in this dance.
Along with their purchase is the increase to monthly statements as they recoup or try to recoup. There should be a contest here to see what sort of names Verizon comes up with for our bills. The increases will be in new service fees... "Cell tower to your phone fee"
This will hasten my departure to T-Mobile and their new plans... No loyalty to you Verizon. Where's my Hurricane Sandy refund? TWC gave a full refund for all the days without service. I suppose you feel it's a privilege for us to be a Verizon customer?
pay Verizon $150 per customer for minimum services (plus taxes & fees) and you go buy Verizon an American Express gift card for $300 at the beginning of your 2 year service contract-- instead of them giving you a kickback.