Featured Articles

IHS teardown reveals Galaxy S5 BOM

IHS teardown reveals Galaxy S5 BOM

Research firm IHS got hold of Samsung’s new flagship smartphone and took it apart to the last bolt to figure out…

More...
Galaxy S5, HTC One M8 available selling well

Galaxy S5, HTC One M8 available selling well

Samsung’s Galaxy S5 has finally gone on sale and it can be yours for €699, which is quite a lot of…

More...
Intel lists Haswell refresh parts

Intel lists Haswell refresh parts

Intel has added a load of Haswell refresh parts to its official price list and there really aren’t any surprises to…

More...
Respawn confirms Titanfall DLC for May

Respawn confirms Titanfall DLC for May

During his appearance at PAX East panel and confirmed on Twitter, Titanfall developer Respawn confirmed that the first DLC pack for…

More...
KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 gained a lot of overclocking experience with the GTX 780 Hall of Fame (HOF), which we had a chance to…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 02 September 2013 10:18

Vodafone paid a pile of dosh to leave the US

Written by Nick Farrell

Packing its bags now

British company Vodafone has given up on the US after its exit was speeded up by a $130 billion cheque expected to be writtentoday. The board of Verizon Communication will meet on Monday morning New York time to vote on buying out Vodafone from its joint venture, meaning a full announcement could come after the London market close, sources said.

Word on the street is that the company will do some serious spending in Europe after it rewards its shareholders. Analysts at Citigroup estimated it could distribute $40 billion in cash and Verizon common stock to shareholders, and still have $30-38 billion in deferred proceeds after paying tax and reducing debt.

Vodafone boss Vittorio Colao can use the cash to build a new future for the world's second-biggest telecom operator. It's too early to know whether Colao will beef up in Europe, or look at new countries such as Brazil.

Vodafone is believed to have acquisition targets in mind. But it will first have to strengthen in countries like Germany, Italy and Spain where Vodafone is already present via a mix of higher network investments and bolt-on acquisitions in fixed or cable.
The European market is now pretty rubbish.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

To be able to post comments please log-in with Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments