Vodafone Denies Report on Verizon Bid
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Vodafone Group 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.
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US telecom giant ATT is not considering a bid for mobile phone operator Vodafone, but is likely to make smaller acquisitions to better meet the needs of multinational companies, the company&#39;s chief executive said in an interview published Tuesday.
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Blog: A group of Vodafone investors have gotten support from a major U.S. proxy advisory firm to pressure the company to spin-off its stake in Verizon Wireless.
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While EDS contractors are left with their feet up Vodafone's billing system continues to throw out random invoices, while denying customers access to their online billing.â¦
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Vodafone Group Plc, the world&#39;s largest mobile-phone operator, said it&#39;s not in talks with US partner Verizon Communications Inc.
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Shhh, don't tell the terrorists Vodafone is telling customers that VoIP services are insecure - even as Sky News is reporting that VoIP calls threaten our war on terror because such calls can't be intercepted.â¦
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(InfoWorld) - Vodafone Group and the Essar Group couldÂ lock hornsÂ over the Indian company's demand to share management of Hutchison Essar, a large Indian mobile phone network operator. Essar claims it has the right to first refusal for any sale of equity in Hutchison Essar by Hutchison Telecommunications International Ltd. (HTIL), a claim denied by both Vodafone and HTIL. "We want joint management and a partnership of equals," a spokesman for Essar Group in Mumbai said Tuesday. Although the Essar Group would leave the day-to-day management of the company to Vodafone, it wants to be consulted on all strategic decisions, the spokesman said. The Essar Group, which holds 33 percent of the equity in Hutchison Essar, is scheduled to negotiate later this week a shareholder agreement with Vodafone, which hasÂ agreed to acquireÂ a 67 percent interest in Hutchison Essar from HTIL. The Essar Group claims that in its shareholder agreement, it has the right of first refusal if HTIL sells its equity, and that it may use this clause in the agreement to bargain with Vodafone. That view, however, isn't shared by Vodafone CEO Arun Sarin, who last week told reporters that the Essar Group's right of first refusal doesn't apply to its agreement to acquire HTIL's stake. Nor does HTIL agree with the Essar Group. The right to first refusal applies only to the sale of equity by HTIL to local Indian competitors, the company said. The Essar Group is not a portfolio investor in Hutchison Essar and wants a say in running the business, the spokesman said. The arrangement would be similar to the one that the Essar Group had with HTIL and that helped grow the business for Hutchison Essar, he added. While announcing its agreement to acquire a controlling stake in Hutchison Essar, Vodafone also made an offer to acquire Essar Group's stake at the same price per share offered to HTIL. If the Essar Group sells its stake, Hutchison's local partners, which together have a 15 percent interest in Hutchison Essar, will increase their interest to 26 percent, Vodafone said. Current Indian rules restrict foreign ownership in telecom service providers to 74 percent. Vodafone expressed interest, however, in having the Essar Group continue as a joint-venture partner. Indian joint ventures of multinational technology companies have typically ended with the foreign company buying out the local joint venture partner. In 1991, for example IBM set up a 50:50 joint venture with India's Tata Group to meet Indian government regulations restricting foreign ownership in computer companies. When that restriction was eased, IBM bought out Tata's share. Last week, however, the Essar Group said it would not exit from Hutchison Essar and would even be interested in increasing its stake in the mobile phone operator if an opportunity arose, the spokesman said.
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Or any of the other biggies, for that matter AT&amp;T chief executive Randall Stephenson has told the Financial Times that despite speculation it's not planning to buy Vodafone.â¦
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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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Net phone company says it didn't copy Verizon's patents, but the telecommunications giant says harm has been done and its VoIP rival must pay.
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Global telecommunications giant Vodafone on Thursday said it would retain its 45 percent stake in US company Verizon Wireless, rejecting proposals from an activist shareholder group.
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US telecom giant AT&amp;T is not considering a bid for British mobile phone operator Vodafone, but is likely to make smaller acquisitions to better meet the needs of multinational companies, the company&#39;s chief executive said in an interview published Tuesday.
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Institutional investor concerns that  British-based Vodafone Group Plc might be drawn into its second  U.S. takeover attempt of the year sent the mobile phone giant's  shares falling on Tuesday.
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Blog: A group of Vodafone Group investors have gotten support from a major U.S. proxy advisory firm to pressure the company to spin off its stake in Verizon Wireless.
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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.
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NEW YORK, December 15  - The worldâs leading mobile-phone operator, Vodafone Group Plc, denied yesterday that it had approved a bid by its partner, Verizon Communications Inc, for Sprint (FON.
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Verizon Communications Inc.&#39;s wireless partner on Tuesday distanced itself from discussions of a potential bid for Sprint Corp.