Vodafone 'OKs Verizon Sprint bid'
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US telecoms firm Verizon is reported to have won the backing of mobile partner Vodafone for a bid for US rival Sprint.
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Vodafone Group has denied a Monday report by the Financial Times that it was considering buying Verizon Communications in a huge $160 billion deal.
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Wireless telecommunications company  Vodafone Group Plc  has been considering a $160 billion  takeover bid for Verizon Communications Inc. , the  Financial Times reported on Monday on its Alphaville Web site.
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Italian broadband company Fastweb   and the Italian unit of mobile phone giant Vodafone   on Friday will announce a commercial agreement, sources  familiar with the deal told Reuters.
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Vodafone Group Plc has selected the former UK incumbent, BT Group Plc, as its fixed-line partner as the world's largest mobile operator catches up with its rivals and starts to offer its UK consumer base a broadband offering.
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(InfoWorld) - Vodafone Group had almost 200 million customers by Dec. 31, but continues to face challenges in the competitive and saturated European market. The operator's European business stagnated, with fourth-quarter revenue growing just 0.9 percent year on year, excluding the effect of acquisitions. Worldwide, its growth excluding acquisitions totalled 6.1 percent. The company accounts for revenue from partly-owned subsidiaries in proportion to its holding. Vodafone said that despite low growth in Europe, some of its new calling plans, such as one that offers users a lower price for calls made within their home area and others that include fixed-line broadband Internet access, are attracting new customers. Price competition, however, is offsetting that growth. Revenue from Vodafone's operations outside Europe, excluding acquisitions, grew 14.4 percent compared to a year earlier. Egypt, Romania, South Africa, and Turkey showed particularly strong growth during the period, Vodafone said. The operator offered no further insight into itsÂ negotiations to buyÂ a controlling interest in Indian operator Hutchison Essar. The board is continuing to investigate the possibility and will only agree to a deal that meets Vodafone's financial criteria, Vodafone CEO Arun Sarin said during a conference call to discuss the results. U.S. operator Verizon Wireless, in which Vodafone owns a stake, also did well during the quarter, with Vodafone's share of the business acquiring one million new customers. Vodafone is still pleased with its stake in Verizon Wireless, although the company uses a different wireless technology to that used by Vodafone's holdings elsewhere in the world. "There is no concept of our selling our interest there," Sarin said. While rumors have surfaced regularly over the past few years that Verizon Wireless might be considering a major technology change, that's still doubtful, Sarin said. Even Apple'sÂ much anticipated iPhone, which operates on GSM (Global System for Mobile Communications), the technology that competes with Verizon's CDMA (Code Division Multiple Access) network, is unlikely to encourage Verizon to make a change, Sarin said. The migration to fourth-generation networks, which operators will begin to make in the next few years, will probably cement Verizon's choice. "That's the time Verizon Wireless will think about what next generation of technology that they can deploy and of course they'll try to deploy a technology that is as backward compatible as they can," he said. Data services are also paying off for Vodafone. Non-voice average revenue per user was up 62 percent for the quarter compared to the year earlier. Vodafone has attracted 50 percent of its total customers to sign up for Passport, a plan that offers reduced rates on roaming. The European Commission is proposing a regulation that would require operators to reduce their roaming rates. Vodafone doesn't expect the commission to make a final decision until this summer, said Sarin.
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British-based mobile phone giant Vodafone Group said Tuesday that it was not in talks with US partner Verizon Communications about a possible bid for US rival Sprint.
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LONDON -- Britain's Vodafone Group PLC has agreed to buy a 67 percent controlling interest in Hutchison Essar Ltd., one of India's leading cellphone companies, for $11.1 billion, Vodafone said yesterday.
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Vodafone recently considered making a full offer for Verizon Communications (NYSE:VZ) in an attempt to break the impasse over the future of its stake in US mobile phone operator Verizon Wireless.
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The two companies had reached an agreement in principle last month. Vonage has also settled disputes with Sprint and Verizon in recent months.
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Sprint Corp. (FON.N: Quote, Profile, Research) on Wednesday agreed to buy mobile telephone company Nextel Communications Inc. (NXTL.
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British mobile services operator Vodafone Group will acquire a majority stake in Hutchison Essar, winning aÂ heated bid for controlÂ of the Indian mobile services operator.
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The misinformation and confusion over whether or not the US mobile phone company Verizon Wireless, part owned by Vodafone, is going to muscle in on the $35bn (Â£18bn) merger of rivals Sprint and Nextel continued yesterday with hedge funds playing both
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Telecom network operator Sprint (Quote, Chart) will provide VoIP services to cable operator Mediacom Communications under a multi-year deal announced today.
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Britain's Vodafone Group Plc   has won the battle for a controlling stake in Hutchison  Essar with a bid that values India's fourth-biggest mobile firm  at around $19 billion, including debt.
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Well, it looks like things are getting a bit more interesting regarding the Sprint/Nextel deal. It seems that Vodafone, which owns 45% of Verizon Wireless in the US, is supporting a move by Verizon to potentially buy Sprint PCS.
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Verison and its global partner Vodafone may enter the bidding war for another mobile phone giant, Sprint, The Wall Street Journal reported Tuesday.