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BUSINESS
June 23, 2013 | By Alejandro Lazo
Communications giant Vodafone Group of Britain has reportedly upped its price for Germany's largest cable company after Liberty Global Inc. of Colorado showed interest. Vodafone, which also owns a sizable stake in Verizon Wireless in the U.S., has reportedly reached a preliminary, $10.1-billion agreement with Kabel Deutschland Holding, Bloomberg News reported Sunday, citing anonymous sources. Reuters, citing two anonymous sources, reported that Vodafone would make the all-cash offer public Monday.
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BUSINESS
September 2, 2013 | By Walter Hamilton
In one of the largest deals in global corporate history, Verizon Communications Inc. agreed to pay $130 billion to buy Vodafone Group's 45% stake in Verizon Wireless and take full control of the nation's top wireless carrier. The deal would put to an end a joint venture launched by the two telecom giants in 2000 after a string of mergers that had altered the contours of the mobile-phone industry. Verizon had made repeated attempts during that time to acquire Vodafone's stake, but the two could not agree on price.
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BUSINESS
August 29, 2013 | By Chris O'Brien
Verizon Communications Inc. may be close to striking one of the largest deals in history to take full control of the country's leading wireless carrier. On Thursday, Vodafone Group confirmed that it was in advanced discussions with Verizon to sell its 45% stake in Verizon Wireless. Although such talks have been held repeatedly in recent years, it appears that the two sides may be days away from finalizing a transaction that could cost as much as $130 billion. Such a sale is not likely to affect consumers in the short term.
BUSINESS
June 23, 2013 | By Alejandro Lazo
Communications giant Vodafone Group of Britain has reportedly upped its price for Germany's largest cable company after Liberty Global Inc. of Colorado showed interest. Vodafone, which also owns a sizable stake in Verizon Wireless in the U.S., has reportedly reached a preliminary, $10.1-billion agreement with Kabel Deutschland Holding, Bloomberg News reported Sunday, citing anonymous sources. Reuters, citing two anonymous sources, reported that Vodafone would make the all-cash offer public Monday.
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
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
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
October 5, 2000 | Bloomberg News
Vodafone Group agreed to invest $2.5 billion in China Mobile, gaining a toehold in China in return for helping the country's biggest publicly traded cellular phone company buy seven networks. China Mobile will use the money to help fund the $34-billion acquisition of networks in cities such as Beijing and Shanghai, which will bring it an estimated 17.3 million customers by the end of 2000.
BUSINESS
September 2, 2002 | Bloomberg News
Vodafone Group may make an unsolicited cash offer for SFR, the French mobile phone company controlled by Vivendi Universal, by the end of the month, the Financial Times reported, without citing anyone. The offer may be about $12.4 billion, the paper cited unidentified analysts as saying. Vodafone would probably use a $10.65-billion unused bank facility to fund the purchase, the paper said. Vodafone, which last week agreed to buy Vivendi's stake in Vizzavi for $140.
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 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
September 2, 2002 | Bloomberg News
Vodafone Group may make an unsolicited cash offer for SFR, the French mobile phone company controlled by Vivendi Universal, by the end of the month, the Financial Times reported, without citing anyone. The offer may be about $12.4 billion, the paper cited unidentified analysts as saying. Vodafone would probably use a $10.65-billion unused bank facility to fund the purchase, the paper said. Vodafone, which last week agreed to buy Vivendi's stake in Vizzavi for $140.
BUSINESS
July 8, 2002 | From Bloomberg News
Vodafone Group is planning to offer $4.6 billion for Vivendi Universal's stake in Cegetel, France's second-largest phone company, the London Observer reported Sunday, citing people familiar with the situation. Europe's biggest mobile-phone company, which already owns 15% of Cegetel, told UBS Warburg and Goldman Sachs Group Inc. to approach Vivendi about buying its 44% stake in the phone company, the British newspaper said. The move would give Vodafone control of Cegetel's mobile-phone unit, SFR.
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
July 8, 2002 | From Bloomberg News
Vodafone Group is planning to offer $4.6 billion for Vivendi Universal's stake in Cegetel, France's second-largest phone company, the London Observer reported Sunday, citing people familiar with the situation. Europe's biggest mobile-phone company, which already owns 15% of Cegetel, told UBS Warburg and Goldman Sachs Group Inc. to approach Vivendi about buying its 44% stake in the phone company, the British newspaper said. The move would give Vodafone control of Cegetel's mobile-phone unit, SFR.
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
October 5, 2000 | Bloomberg News
Vodafone Group agreed to invest $2.5 billion in China Mobile, gaining a toehold in China in return for helping the country's biggest publicly traded cellular phone company buy seven networks. China Mobile will use the money to help fund the $34-billion acquisition of networks in cities such as Beijing and Shanghai, which will bring it an estimated 17.3 million customers by the end of 2000.
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