Featured Articles

Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Intel launches new mobile Haswell and Bay Trail parts

Intel launches new mobile Haswell and Bay Trail parts

Intel has introduced seven new Haswell mobile parts and four Bay Trail SoC chips, but most of them are merely clock…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
AMD SVP John Byrne named turnaround exec of the year

AMD SVP John Byrne named turnaround exec of the year

Director of AMD’s PR Chris Hook has tweeted and confirmed later in a conversation with Fudzilla that John Byrne, Senior Vice…

More...
AMD A8-7600 Kaveri APU reviewed

AMD A8-7600 Kaveri APU reviewed

Today we'll take a closer look at AMD's A8-7600 APU Kaveri APU, more specifically we'll examine the GPU performance you can…

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

 

Facebook activity

Latest Commented Articles

Recent Comments