Featured Articles

Intel releases tiny 3G cell modem

Intel releases tiny 3G cell modem

Intel has released a 3G cellular modem with an integrated power amplifier that fits into a 300 mm2 footprint, claiming it…

More...
Braswell 14nm Atom slips to Q2 15

Braswell 14nm Atom slips to Q2 15

It's not all rosy in the house of Intel. It seems that upcoming Atom out-of-order cores might be giving this semiconductor…

More...
TSMC 16nm wafers coming in Q1 2015

TSMC 16nm wafers coming in Q1 2015

TSMC will start producing 16nm wafers in the first quarter of 2015. Sometime in the second quarter production should ramp up…

More...
Skylake-S LGA is 35W to 95W TDP part

Skylake-S LGA is 35W to 95W TDP part

Skylake-S is the ‘tock’ of the Haswell architecture and despite being delayed from the original plan, this desktop part is scheduled…

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...
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