Vodafone: No bid plan
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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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Sticking to its knitting Vodafone this morning rejected calls for changes to its debt structure and holdings in Verizon Wireless from rebel investors.â¦
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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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Vodafone said Monday that it remained interested in acquisitions in France, eastern Europe, Asia and Africa as the mobile phone company detailed cost cuts that it expects will reach an annual Â£2.
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Virgin Media, the telecom and television giant previously known as NTL, confirmed Monday a bid for the group was being made but offered no details.
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LONDON/NEW YORK  - British wireless telecommunications company Vodafone Group Plc  said on Monday it is not planning to bid for Verizon Communications Inc. , responding to a report it was considering a $160 billion offer.
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Verizon Communications has gained the backing of partner Vodafone Group to bid for Sprint Corp in a move that could thwart Sprint&#39;s potential $35 billion bid for Nextel Communications, the Wall Street Journal reported on Tuesday.
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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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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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Did I say there wouldn't be a bidding war? Whoops.
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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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Mobile phone giant Vodafone says it has not yet seen any sign of a global economic slowdown.
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Verizon Communications has gained the  backing of partner Vodafone Group to bid for Sprint Corp. in a  move that could thwart Sprint's potential $35 billion bid for  Nextel Communications, the Wall Street Journal reported on  Tuesday.
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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.
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Wireless telecommunications company Vodafone Group Plc  has been considering a $160 billion takeover bid of Verizon Communications , the Financial Times reported on Monday on its Alphaville site.
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Vodafone on Friday dismissed an inquiry from the Indian authorities, who are seeking about $2bn in tax from the UK company following its $10.9bn takeover of Hutchison Essar, India&#39;s fourth-largest mobile phone operator.
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Vodafone reports a Â£14.9bn loss - a record for a UK firm - after writing down the value of assets.