Vodafone Denies Report on Verizon Bid
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LONDON -- Vodafone Group PLC on Monday denied a newspaper report it is considering making a $160 billion bid for its U.S. partner in the wireless phone business, Verizon Communications Inc.
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900MHz of static Google has refused to comment on "speculation" in today's papers that it will bid to provide mobile broadband in Ofcom's mooted auction of radio spectrum in 2009.â¦
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Vodafone  shares  climbed on Monday after the British mobile phone giant beat  rival suitors with an $11.1 billion bid for a controlling stake  in Hutchison Essar, India's fourth-biggest cellphone firm.
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Vodafone Group Plc  vowed not to pay "over the top" in the multi-billion-pound battle for India's Hutchison Essar on Wednesday, as the British mobile phone giant said it had crossed the 200-million customer mark.
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(InfoWorld) - Vodafone Group intends to keep its stake in Verizon Wireless, despite a proposal submitted by a large shareholder recommending a change in the holding. The issue of Vodafone's 45 percent stake in Verizon Wireless comes up during virtually every earnings report from Vodafone. Vodafone typically argues that while it keeps an eye on the investment and probably won't hold on to it forever, growth at Verizon continues, so the investment is sound for now. On Thursday, Vodafone said that Efficient Capital Structures, a group that controls 210,000 shares of the company, submitted several resolutions, including one suggesting that Vodafone either spin off or issue tracking shares of its Verizon Wireless interest. Vodafone is required to submit the resolutions for vote during its annual shareholders meeting July 24. Vodafone said that its share in Verizon has generated significant value and that a change in the structure of that investment would lose some of that value. A tracking share would probably trade low because of limited transparency, Vodafone said. A spinoff would also likely lead to lowered value because of difficulties in tax structures and because the board doesn't think the United Kingdom is the natural place to list such shares. Another resolution from ECS seeks to put a cap of Â£1 billion ($2 billion) on any acquisition or a maximum of Â£5 billion in aggregate acquisitions in any two-year period before 2010 unless the deal gets shareholder approval. Vodafone argues that such a rule would prevent it from competing for assets and would have precluded the company from making some historical buys, such as acquisitions in Romania, Turkey, and India. The proposals from ECS add to pressure mounting on Vodafone CEO Arun Sarin. Last year, around 10 percent of shareholders voted against his re-election to the board. The vote came a few months after Vodafone revealed a Â£14 billion loss for the year ending in March 2006, marking a record loss for a U.K. company.
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LONDON/NEW YORK  - Wireless telecommunications company Vodafone Group Plc  denied a report that it was considering a $160 billion bid for Verizon Communications Inc. , a move that would consolidate ownership of their wireless joint venture.
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Verizon Wireless said Tuesday it won&#39;t oppose the Federal Communications Commission&#39;s decision to grant Nextel Communications Inc.
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Verizon Communications Inc. VZ.N  has no imminent plans to bid for Sprint Corp. FON.N, people  familiar with the situation said on Tuesday, toppling a  potential obstacle to Sprint's $37.8 billion bid for Nextel  Communications Inc. NXTL.O.
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Germany's biggest airline Lufthansa on Friday denied Spanish press reports that it was preparing a takeover bid for Spanish national carrier Iberia.
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Mobile device vendor palmOne Thursday denied a report that its executives had said the company was developing a Pocket PC version of its Treo smartphone.
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Talking telephone numbers Vodafone has denied rumours that it is considering a leveraged buyout of US giant Verizon.â¦
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The FTSE 100 was trading lower on Monday despite sharp gains for Vodafone after the UK's largest mobile phone company sealed the $18.8bn battle for control of Hutchison Essar.
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British-based mobile phone group Vodafone  said on Monday it had no plans to bid for U.S. group Verizon Communications Inc , denying a media report.
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Vodafone Group shares fell on Tuesday as a Wall Street Journal report that its US partner Verizon was weighing a $40 billion-plus bid for Sprint revived fears it would be drawn into its second bid battle of the year.
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Verizon Communications Inc.&#39;s wireless partner on Tuesday distanced itself from discussions of a potential bid for Sprint Corp.
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England-based Vodafone Group Plc yesterday denied a report that it was backing partner company Verizon in a bid to block the possible merger between Sprint and Nextel, which analysts expected to be announced today.
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Verizon Communications has no imminent plans to bid for Sprint, people familiar with the situation said Tuesday, lifting a potential obstacle to Sprint&#39;s bid for Nextel Communications.