backtop


Print 5 comment(s) - last by AntDX316.. on Sep 2 at 3:52 AM


  (Source: mncable.net)
An announcement could come as soon as September 2

Verizon Communications Inc. is looking to finally push along a purchase of Vodafone's stake in Verizon Wireless. 

According to The Wall Street Journal, Verizon Communications wants to buy Vodafone's 45 percent stake in Verizon Wireless for about $130 billion USD. 

The report noted that Verizon is currently working with multiple banks with the intention of getting $10 billion from each. The idea is to fund $60 billion of the deal this way. 

Back in April, Verizon was contemplating a $100 billion bid and a 50/50 cash and stock offer for the 45 percent stake, but advisers said this figure was too low, valuing the Vodafone holding at about $120 billion USD. 

An announcement is expected as soon as September 2. 

Verizon Communications was created in 2000 when Bell Atlantic Mobile and GTE Wireless merged.  Bell then struck a deal with Vodafone where it invested $49.5 billion USD and Vodafone threw in $40.5 billion USD to create a wireless network.

Verizon Communications almost succeeded in buying out Vodafone's stake four years later, but the deal depended on Vodafone's bid to buy AT&T Wireless -- which would have forced it to let go of the Verizon Wireless stake. In the end, Cingular beat out Vodafone's bid for AT&T and Vodafone stuck with Verizon Wireless.  

Source: Reuters





Comments     Threshold


This article is over a month old, voting and posting comments is disabled

w­ww.wo­rk25.C­om
By Latanya1RPowell on 8/30/2013 4:57:02 PM , Rating: -1
my neighbor's sister-in-law makes $81 hourly on the internet. She has been fired for 8 months but last month her payment was $12357 just working on the internet for a few hours. try this in site




"Well, we didn't have anyone in line that got shot waiting for our system." -- Nintendo of America Vice President Perrin Kaplan



Latest Headlines
Inspiron Laptops & 2-in-1 PCs
September 25, 2016, 9:00 AM
The Samsung Galaxy S7
September 14, 2016, 6:00 AM
Apple Watch 2 – Coming September 7th
September 3, 2016, 6:30 AM
Apple says “See you on the 7th.”
September 1, 2016, 6:30 AM



Most Popular Articles5 Cases for iPhone 7 and 7 iPhone Plus
September 18, 2016, 10:08 AM
Laptop or Tablet - Which Do You Prefer?
September 20, 2016, 6:32 AM
Update: Samsung Exchange Program Now in Progress
September 20, 2016, 5:30 AM
Smartphone Screen Protectors – What To Look For
September 21, 2016, 9:33 AM
Walmart may get "Robot Shopping Carts?"
September 17, 2016, 6:01 AM







botimage
Copyright 2016 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki