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Verizon Preps $100 Billion Bid For Vodafone Stake
Company Hungry to Obtain Remaining 45% Stake in Verizon Wireless
by Karl Bode 08:31AM Thursday Apr 25 2013
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.

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tc1uscg

join:2005-03-09
Saint Clair Shores, MI

Yawn

That about says it all.
Expand your moderator at work
tkdslr

join:2004-04-24
Pompano Beach, FL

Servicing the massive debt load will drag them under

100 billion.. a fair chunk of that cash.. good luck getting lower priced cell phone service.

If they get at&t to fork over cash for the rest of Vodaphone, then at&t will also be stuck with a boat load of debt..
axus

join:2001-06-18
Washington, DC

Re: Servicing the massive debt load will drag them under

How much cash does Verizon have on hand? I assume it's a lot, but not 100 billion! I'm also curious, if they own 55% already, what's the point of having 100%?
steven s
Premium
join:2002-09-14
Dearborn, MI

Re: Servicing the massive debt load will drag them under

100% of the profit instead of just 55%.
openbox9
Premium
join:2004-01-26
united state
kudos:2
said by axus:

How much cash does Verizon have on hand?

$3.5+B at the end of FY12. More now.
said by axus:

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.
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.

rit56

join:2000-12-01
New York, NY
Reviews:
·Time Warner Cable

Price rise on the way

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?
silbaco
Premium
join:2009-08-03
USA

Landline

Maybe they will sell off some landlines to pay the bill.
FloridaBoy

join:2009-06-22
Bradenton, FL

Re: Landline

Dont know about that. I dont think there are too many players left that can take something like that on.

miataman

join:2010-10-27
Chelmsford, MA
kudos:1
Reviews:
·Verizon FiOS
said by silbaco:

Maybe they will sell off some landlines to pay the bill.

LOL Are there any suckers left out there?
--
"My hat, my cane, Jeeves".
slimtim

join:2002-12-12
Coldwater, MI

Bidding War??

Maybe AAPL can make a bid too.
Put their money to good use.

-TimJ
openbox9
Premium
join:2004-01-26
united state
kudos:2

Re: Bidding War??

Hah, no. AAPL is busy with its capital plan to return money to shareholders and buy back a good chunk of its outstanding equity.
tmc8080

join:2004-04-24
Brooklyn, NY

new verizon offer...

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.