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Cellular forums Home > Archive > Sprint PCS > July 2007 > NEWS: Vodafone denies vapour Verizon bid
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NEWS: Vodafone denies vapour Verizon bid
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| John Navas 2007-07-16, 10:33 am |
| <http://www.theregister.com/2007/07/...on_dea
l/>
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/ Cingu...less_FA
Q>
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| Scott 2007-07-16, 12:33 pm |
| John Navas < spamfilter1@navasgro
up.com> wrote in
news:fcvm93dauakfk4c
b9dqo1qgqnobc767s3p@
4ax.com:
> <http://www.theregister.com/2007/07/...on_dea
l/>
>
> 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.
>
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