NEWS: Vodafone denies vapour Verizon bid

<http://www.theregister.com/2007/07/16/vodafone_verizon_deal/>

Vodafone has denied rumours that it is considering a leveraged buyout
of US giant Verizon.

According to sources quoted on a Financial Times blog today, Vodafone
is considering a $160bn bid for the US giant, in which it already
owns a 45 per cent stake.

....

The deal would create the world's largest telco, and involve loading
Vodafone with a potentially crippling $90bn of debt. Verizon has some
expensive gambles of its own: the company pumped $18bn into a
high-speed fiber infrastructure intended to give it a viable
competitor to cable.

....

A more likely scenario, ahead of the company's 24 July AGM, sees
Vodafone cashing in on its 45 per cent share in Verizon. A group of
investors led by Glenn Cooper and former Marconi boss John Mayo,
calling itself Efficient Capital Structures, has succeeded in tabling
a sell-off resolution for the AGM.

[MORE]
--
Best regards, FAQ FOR CINGULAR WIRELESS:
John Navas <http://en.wikibooks.org/wiki/Cingular_Wireless_FAQ>

John Navas <spamfilter1@navasgroup.com> wrote in
news:fcvm93dauakfk4cb9dqo1qgqnobc767s3p@4ax.com:

> <http://www.theregister.com/2007/07/16/vodafone_verizon_deal/>
>
> Vodafone has denied rumours that it is considering a leveraged buyout
> of US giant Verizon.
>
> According to sources quoted on a Financial Times blog today, Vodafone
> is considering a $160bn bid for the US giant, in which it already
> owns a 45 per cent stake.

Wrong- Vodafone owns a 45% piece of Verizon Wireless, a division of
Verizon. It does not own 45% of Verizon. You should check your sources
before posting stuff like this, Novice.

>

"Scott" <how.do@you.do> wrote in message
news:C4OdncQh7oCaCgbbnZ2dnUVZ_r7inZ2d@adelphia.com ...
> John Navas <spamfilter1@navasgroup.com> wrote in
> news:fcvm93dauakfk4cb9dqo1qgqnobc767s3p@4ax.com:
>
>> <http://www.theregister.com/2007/07/16/vodafone_verizon_deal/>
>>
>> Vodafone has denied rumours that it is considering a leveraged buyout
>> of US giant Verizon.
>>
>> According to sources quoted on a Financial Times blog today, Vodafone
>> is considering a $160bn bid for the US giant, in which it already
>> owns a 45 per cent stake.
>
> Wrong- Vodafone owns a 45% piece of Verizon Wireless, a division of
> Verizon. It does not own 45% of Verizon. You should check your sources
> before posting stuff like this, Novice.
>
>>

This is a cellular Verizon news group. It is customary to use the term
Verizon, in the context of this newsgroup, to mean Verizon Wireless. Just
having a bad day....?

-Frank

"John Navas" <spamfilter1@navasgroup.com> wrote in message
news:fcvm93dauakfk4cb9dqo1qgqnobc767s3p@4ax.com...
> <http://www.theregister.com/2007/07/16/vodafone_verizon_deal/>
>
> Vodafone has denied rumours that it is considering a leveraged buyout
> of US giant Verizon.
>
> According to sources quoted on a Financial Times blog today, Vodafone
> is considering a $160bn bid for the US giant, in which it already
> owns a 45 per cent stake.
>
> ...
>
> The deal would create the world's largest telco, and involve loading
> Vodafone with a potentially crippling $90bn of debt. Verizon has some
> expensive gambles of its own: the company pumped $18bn into a
> high-speed fiber infrastructure intended to give it a viable
> competitor to cable.
>
> ...
>
> A more likely scenario, ahead of the company's 24 July AGM, sees
> Vodafone cashing in on its 45 per cent share in Verizon. A group of
> investors led by Glenn Cooper and former Marconi boss John Mayo,
> calling itself Efficient Capital Structures, has succeeded in tabling
> a sell-off resolution for the AGM.
>
> [MORE]
> --
> Best regards, FAQ FOR CINGULAR WIRELESS:
> John Navas <http://en.wikibooks.org/wiki/Cingular_Wireless_FAQ>



Been rumored for a long time that Vodafone might sell some or all of it's
holdings back to VZW. That might help Vodafone make it's deal with Apple
(if anyone cares), but what it will do for VZW is uncertain. It's a ton of
debt. What all of us Verizon customers want is great coverage, with great
service and great gadgets at a fair price. Hopefully Verizon will respond
to the iPhone success (is it too early to call it a success) and give it's
customers more bang for the buck. I'm not holding my breath!
http://www.dslreports.com/shownews/V...n-Shares-85229