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BUSINESS
January 24, 1999 | MARJORIE MILLER, TIMES STAFF WRITER
Back when wireless meant radio and mobile telephones were as unwieldy as Maxwell Smart's shoe, Chris Gent was already convinced that, whatever you called them, portable phones were the future in telecommunications. Gent, chief executive of Vodafone Group, is still looking ahead with his company's successful bid to purchase AirTouch Communications Inc. of San Francisco. The $62-billion acquisition would make it the world's largest mobile phone enterprise.
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BUSINESS
August 9, 2007 | From the Associated Press
British mobile phone operator Vodafone Group, attempting to end speculation about the future of its U.S. operations, said Wednesday that it had no plans to sell its stake in Verizon Wireless. Vodafone, the world's largest mobile phone company, said it would not exercise its rights to sell the stake to Verizon Communications Inc., which owns the remaining 55% of Verizon Wireless.
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BUSINESS
July 20, 1999 | Reuters
Britain's Vodafone AirTouch said it agreed to pay $764 million for U.S.-based CommNet Cellular Inc., adding 360,000 customers in nine Western states. Vodafone AirTouch will also assume debt of about $600 million in the purchase of CommNet from Blackstone Group, a New York-based private equity fund. The deal comes just weeks after Vodafone and San Francisco-based AirTouch completed their merger, forming the world's biggest mobile phone company.
BUSINESS
July 17, 2007 | From Reuters
Vodafone Group said Monday that it was not planning to bid for Verizon Communications Inc., responding to a report that it was considering a $160-billion offer. The Financial Times' FT Alphaville blog said the British wireless telecom company was considering such a bid -- which would consolidate ownership of their wireless joint venture -- prompting Verizon's shares to jump 12% in pre-market trading. The stock gave up most of the gain after Vodafone's denial, and closed up $1 at $42.76.
BUSINESS
June 9, 1999 | Bloomberg News
Britain's Vodafone Group, which would become the world's largest wireless company after it buys AirTouch Communications Inc., said second-half net income rose 33% as its overseas customers more than doubled. Vodafone's foreign units, which stretch from Australia to Germany, have become an important source of profit as price cuts and the cost of adding subscribers trim margins. The planned $74.2-billion acquisition of AirTouch would further strengthen Vodafone's international operations.
BUSINESS
January 8, 1999 | ELIZABETH DOUGLASS, TIMES STAFF WRITER
The complex merger talks that continue to swirl around AirTouch Communications Inc. will produce just the first of many deals destined to dramatically reshape the U.S. wireless communications business, analysts say. A flurry of deals in 1999--starting with the near-certain sale of San Francisco-based AirTouch--will ultimately leave the wireless market dominated by four to six national carriers, industry experts predict.
BUSINESS
November 17, 1999 | Associated Press
Rejected but undeterred, Vodafone AirTouch is crafting a fresh proposal to acquire Germany's Mannesmann and hopes to make a sweetened offer by the end of the week, a senior executive of the British company said. Vodafone, the world's largest mobile phone business, would not indicate how much it would be willing to pay in its second effort to woo Mannesmann.
BUSINESS
November 14, 2001 | Bloomberg News
Europe's telecommunications titans continue to struggle with the continent's steep downturn, with two reporting steep losses Tuesday while two others saw their credit ratings cut. London-based Vodafone Group, Europe's largest mobile phone company, said its fiscal first-half loss more than doubled to $14 billion as it wrote down the value of acquisitions from a spending spree.
BUSINESS
October 17, 2001 | Bloomberg News
Vodafone Group, Europe's largest wireless phone company, will cut as many as 650 jobs from all parts of its British business as customer growth slows. The job cuts, which include 10% of senior management, will cost Vodafone $20 million in severance pay and other expenses. The cuts will save the company tens of millions of dollars.
BUSINESS
August 9, 2007 | From the Associated Press
British mobile phone operator Vodafone Group, attempting to end speculation about the future of its U.S. operations, said Wednesday that it had no plans to sell its stake in Verizon Wireless. Vodafone, the world's largest mobile phone company, said it would not exercise its rights to sell the stake to Verizon Communications Inc., which owns the remaining 55% of Verizon Wireless.
BUSINESS
November 11, 2004 | From Associated Press
The Twentieth Century Fox studio, a veteran of the big screen and the TV screen, is about to break into an entirely new realm: the really little screen, the kind that comes on a cellphone. In what appeared to be the first arrangement of its kind, Twentieth Century Fox said Wednesday that it would create a unique series of one-minute dramas based on its hit show "24" exclusively for a new high-speed wireless service being offered by Vodafone, the world's biggest cellphone company.
BUSINESS
February 25, 2004 | From Bloomberg News
Vodafone Group, which this month lost a bid to buy AT&T Wireless Services Inc., will renegotiate its partnership with and remain a minority shareholder in Verizon Wireless. Chief Executive Arun Sarin said he would open talks over the dividend agreement with Verizon Wireless parent Verizon Communications Inc. and other issues, including a wireless partnership in Italy. The Verizon accord that expires in March 2005 was worth about $1 billion to British Vodafone last year.
BUSINESS
February 21, 2004 | From Associated Press
Days after losing a bidding war for AT&T Wireless Services Inc., Europe's biggest mobile phone operator, Vodafone Group, said it saw no other likely takeover targets in the United States and might even consider selling its 45% stake in U.S. market leader Verizon Wireless. Vodafone Chief Executive Arun Sarin discussed his company's American strategy in the wake of Tuesday's agreement by Atlanta-based Cingular Wireless to pay nearly $41 billion for AT&T Wireless.
BUSINESS
February 13, 2004 | From Reuters
British mobile phone giant Vodafone Group tried to douse speculation it had decided to launch a bid of around $35 billion for U.S. rival AT&T Wireless Services Inc., reiterating it was still considering its options. As talk swirled that Vodafone had called a board meeting ahead of today's bid deadline, the world's largest cellphone group said only that it continued to explore whether a deal with AT&T Wireless was in investors' interest.
BUSINESS
February 10, 2004 | From Associated Press
Vodafone Group confirmed that it might seek to acquire AT&T Wireless Services Inc., a move that would require the British cellphone company to sell its 45% stake in Verizon Wireless. AT&T Wireless, the third-largest cellular provider in the U.S., put itself up for sale last month.
BUSINESS
June 30, 2003 | Jon Healey, Times Staff Writer
RealNetworks Inc. has scored its biggest victory to date in the mobile-phone market, convincing the world's largest wireless carrier to use Real's software to deliver video and music to its customers. On Sunday, Seattle-based Real announced a nonexclusive agreement to supply technology to Vodafone Group for a multimedia service that runs on its most advanced networks.
BUSINESS
December 22, 2000 | Associated Press
Vodafone Group of Britain, the world's largest mobile phone company, agreed to buy the Eircell wireless unit from Eircom of Ireland for about $4.1 billion in stock. Eircell has an estimated 60% share of Ireland's mobile phone market, with more than 1.2 million subscribers.
BUSINESS
August 1, 2002 | Bloomberg News
Vodafone Group, Europe's biggest mobile-phone company, said its accounting methods sometimes lead to booking 100% of revenue in transactions in which part of the amount is shared with third parties. Vodafone in some cases booked all the revenue from wireless Internet services as sales even when a portion was paid to third parties as part of content-sharing agreements, the Financial Times reported, citing the company.
BUSINESS
November 14, 2001 | Bloomberg News
Europe's telecommunications titans continue to struggle with the continent's steep downturn, with two reporting steep losses Tuesday while two others saw their credit ratings cut. London-based Vodafone Group, Europe's largest mobile phone company, said its fiscal first-half loss more than doubled to $14 billion as it wrote down the value of acquisitions from a spending spree.
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