ATT &#39;not mulling&#39; offer for Vodafone: company chief
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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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India's Essar Group will remain as a key shareholder in Indian mobile services provider Hutchison Essar, but will likely negotiate stronger minority shareholder rights with Vodafone Group, which Sunday announced it wasÂ acquiring a controlling 67 percent stakeÂ in the company.
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Motorola's head of corporate development and strategy tells CNET News.com that the company doesn't want to lose its handset business.
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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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BARCELONA/HONG KONG  - Vodafone shares climbed in early Monday trading after it beat rival suitors with an $11.1 billion bid for a controlling stake in Hutchison Essar, India's fourth-biggest mobile phone firm.
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Indian conglomerate Essar Group said on Sunday it was considering an offer from Britain's Vodafone Group Plc  to be its local partner in India's fourth biggest mobile operator Hutchison Essar.
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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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Vodafone looks to have won the battle for control of Hutchison Essar, India's fourth largest mobile operator, according to people familiar with the matter.
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(InfoWorld) - Vodafone Group has denied a Monday report by the Financial Times that it was considering buying Verizon Communications in a huge $160 billion deal. The paper, citing unnamed sources, said the international mobile operator was contemplating such a deal but hadn't approached Verizon and wouldn't necessarily go ahead with it. But Verizon's shares were up $1 at $42.76 in afternoon trading on the New York Stock Exchange. Vodafone issued a statement to the London Stock Exchange to squelch the report. "Vodafone notes press speculation that it is considering a possible offer for Verizon Communications. Vodafone wishes to make it clear that it has no plans to make such an offer," the statement said. Vodafone owns 45 percent of Verizon Wireless, the rest of which is owned by incumbent wireline carrier Verizon Communications. The dual ownership could tie Verizon's hands as it goes up against rival AT&T, which now owns all of its mobile business and is moving toward "quad-play" bundles of broadband, video, wireline voice, and mobile services. The arrangement gives Vodafone a stake in a profitable U.S. mobile business but doesn't allow it to chart its own course in the market. Vodafone tried to acquire AT&T Wireless in 2004 but was outbid by Cingular. The company has expanded aggressively in other countries, including Germany, where it bought Mannesman in 2000. Buying all of Verizon would create a company valued at about $300 billion. But as part of the deal, Vodafone might spin off Verizon's wireline business in order to build an all-wireless carrier, the Financial Times said. Verizon is the second-largest U.S. carrier behind AT&T in both wired and wireless customers. It had 60.7 million wireless subscribers and 7.4 million broadband customers at the end of the first quarter. Its Fios TV fiber-to-the-home service had attracted about 348,000 households. Verizon also operates a global enterprise communications business. Vodafone, based in Newbury, U.K., had 198.6 million customers across Europe, the Middle East, Africa, Â and the Asia-Pacific region at the end of last year.
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Verizon Wireless saw some subscribers  defect to AT&T Inc  to get the iPhone but the impact was  short-lived, said one of Verizon&#39;s parents, Vodafone Group Plc  , on Wednesday.
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(InfoWorld) - Shareholders of Vodafone Group soundly rejected a proposal to spin off the company's stake in Verizon Wireless on Tuesday, signaling they want the British mobile operator's management to stay the course. Vodafone, which has cellular businesses in 23 countries around the world, owns 45 percent of Verizon Wireless. Incumbent wireline carrier Verizon Communications holds the other 55 percent. Efficient Capital Structures (ECS), an investor group, presented a resolution for Vodafone's Tuesday annual meeting that called on the carrier to either create a new holding company consisting of its stake in Verizon Wireless or create a separate tracking stock so investors could choose to buy into that part of Vodafone. ECS argued investors can't take advantage of Verizon's success today. "The investment is 'buried' within Vodafone's Emerging Markets division, preventing the market from valuing it directly," ECS Chairman Glenn Cooper said in a statement to shareholders. He also argued that because Verizon uses CDMA while the rest of Vodafone's networks are based on GSM, it should be broken out. However, less than 5 percent of Vodafone shares were voted in favor of the resolution, one of a series of proposals by the group that the company's board opposed. All of them were voted down. Verizon Wireless is one of the two dominant mobile operators in the U.S. Rival AT&T has 62 million subscribers to Verizon's 60 million, but Verizon had slightly more revenue last year at about US$38 billion. Vodafone's stake in the operator gives it a toehold in the U.S. mobile market but doesn't allow it to run its own business or build up its brand. Vodafone tried to acquire AT&T Wireless in 2004 before that company was acquired by Cingular. Joint ownership also leaves Verizon Communications without full ownership of its cellular business, which rival AT&T now has. That may make it easier for AT&T to bundle wired and wireless services for subscribers. Last week,Â Vodafone denied reports that it was considering buying all of Verizon CommunicationsÂ and then spinning off the wireless business. Vodafone had 198.6 million customers across Europe, the Middle East, Africa, and the Asia-Pacific region at the end of last year. Â
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WELLINGTON (Dow Jones)--Telecom Corp. (TEL.NZ), New Zealand&#39;s biggest fixed line phone company, has denied its AAPT consumer business in Australia is on the market, the New Zealand Press Association reported.
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The head of Microsoft&#39;s mobile phone group is jumping ship, moving to U.K. mobile operator Vodafone Group to run its Internet services.Pieter Knook will join Vodafone on March 10, where he will lead a new unit delivering consumer Internet services, Vodafone said Thursday.Vodafone&#39;s announcement comes in the wake of press reports that Microsoft will reshuffle its executive team later Thursday.Knook&#39;s replacement as head of Microsoft&#39;s mobile communications business is likely to be Andrew Lees, currently with the company&#39;s server and tools group, according to a report on the Web site of The Wall Street Journal on Wednesday night, which cited a person familiar with the situation. Both Knook and Lees are Microsoft veterans, working with the company since 1990.Microsoft announced another change in its mobile business on Wednesday, with the acquisition of mobile device maker Danger, marking its first move into the manufacture of mobile phones. Until now, it has left the hardware to other companies, licensing its mobile operating system to them.There will be other staff changes at Microsoft, with three other vice presidents expected to leave in the coming months, the WSJ report said. It named Michael Sievert, currently in charge of Windows marketing, and Steve Berkowitz, a manager of the company&#39;s online business, as among those who will leave.Vodafone said Knook&#39;s arrival will allow it to move forward with its &quot;Mobile Plus&quot; strategy to generate new revenue streams such as mobile advertising, and integrated mobile and PC offerings.Microsoft representatives could not be immediately reached for comment.
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Shares in Vodafone Group Plc, the world&#39;s largest mobile-phone operator, dropped after The Wall Street Journal said the company is considering bidding with US partner Verizon Communications Inc.
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Investors in mobile phone giant Vodafone were rattled today by speculation the company could be drawn into a 40 billion US dollars (Â£20.8bn) bidding war.
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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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LONDON/NEW YORK  - Wireless telecommunications company Vodafone Group Plc  said it is not planning to bid for Verizon Communications Inc , responding to a report it was considering a $160 billion offer.