UK media and telecoms correspondent
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Sep 2, 2013

Verizon and Vodafone agree $130 bln Wireless deal

LONDON/SAN DIEGO, Sept 2 (Reuters) – Verizon Communications
agreed on Monday to pay $130 billion to buy Vodafone
out of its U.S. wireless business, signing history’s
third largest corporate deal to bring an end to an often
fractious 14-year marriage.

The two firms said Vodafone would get $58.9 billion in cash,
$60.2 billion in Verizon stock, and an additional $11 billion
from smaller transactions in a deal that is due to close in the
first quarter of next year.

Sep 2, 2013

Vittorio Colao caps Vodafone revamp with U.S. megadeal

PARIS/LONDON (Reuters) – Vittorio Colao, the urbane Italian boss of Vodafone (VOD.L: Quote, Profile, Research, Stock Buzz), believes that negotiating major deals is an art whose finest practitioners know how to wield power and resist pressure.

The 51-year-old chief executive, who cut his teeth as a management consultant at McKinsey, used these lessons at the negotiating table to do what his predecessors could not: outlast Verizon Communications (VZ.N: Quote, Profile, Research, Stock Buzz) in a test of will over the biggest U.S. mobile provider, Verizon Wireless.

Sep 2, 2013

Verizon and Vodafone agree $130 bln Verizon Wireless deal

LONDON/NEW YORK, Sept 2 (Reuters) – Verizon Communications
agreed on Monday to pay $130 billion to buy Vodafone
out of its U.S. wireless business, signing history’s
third largest corporate deal to bring an end to a decade-long
corporate stand-off.

The two firms said Vodafone would get $58.9 billion in cash,
$60.2 billion in Verizon stock, and an additional $11 billion
from smaller transactions that would take the total deal value
to $130 billion.

Sep 2, 2013

Verizon poised for historic $130 billion Vodafone deal

LONDON, Sept 2 (Reuters) – Verizon Communications was
poised on Monday to finally take full control of its U.S.
wireless business with a $130 billion deal that would buy out
Vodafone and bring an end to a decade-long corporate
standoff.

The British firm said late on Sunday it was in advanced
talks with Verizon to sell its 45 percent stake in the Verizon
Wireless joint venture for cash and common shares in what would
be the world’s third-largest deal of all time.

Sep 2, 2013

Verizon, Vodafone to announce $130 billion U.S. deal

NEW YORK/LONDON (Reuters) – Verizon Communications and Vodafone plan to announce a $130 billion deal on Monday that will give the U.S. telecom giant complete control of Verizon Wireless, subject to final board approval, people familiar with the matter said.

Vodafone said in a statement late on Sunday it was in advanced talks with Verizon to sell its 45 percent stake in the joint venture for $130 billion, comprising cash and common shares, but that there was no certainty an agreement would be reached.

Sep 1, 2013

Verizon, Vodafone to announce $130 billion U.S. deal on Monday

NEW YORK/LONDON (Reuters) – Verizon Communications and Vodafone plan to announce a $130 billion (83.7 billion pounds) deal on Monday that will give the U.S. telecom giant complete control of Verizon Wireless, subject to final board approval, people familiar with the matter said.

Vodafone said in a statement late on Sunday it was in advanced talks with Verizon to sell its 45 percent stake in the joint venture for $130 billion, comprising cash and common shares, but that there was no certainty an agreement would be reached.

Sep 1, 2013

Verizon, Vodafone to announce $130 bln US deal on Monday

NEW YORK/LONDON, Sept 1 (Reuters) – Verizon Communications
and Vodafone plan to announce a $130 billion deal
on Monday that will give the U.S. telecom giant complete control
of Verizon Wireless, subject to final board approval, people
familiar with the matter said.

Vodafone said in a statement late on Sunday it was in
advanced talks with Verizon to sell its 45 percent stake in the
joint venture for $130 billion, comprising cash and common
shares, but that there was no certainty an agreement would be
reached.

Aug 30, 2013

Verizon in talks to buy out Vodafone stake – sources

LONDON/NEW YORK (Reuters) – Verizon Communications is close to buying the remaining stake in Verizon Wireless from Vodafone Group PLC it does not own for potentially $130 billion, according to people familiar with the talks, in what could be the third-biggest deal of all time.

Verizon, the number one U.S. mobile carrier, has made no secret of its desire to gain full ownership of a network that is growing fast and generating billions of dollars in free cash flow, hoping to reap the monetary benefits.

Aug 29, 2013

Vodafone in talks to sell Verizon Wireless stake to Verizon

LONDON/NEW YORK, Aug 29 (Reuters) – Vodafone Group PLC
said on Thursday that it was in talks with Verizon
Communications Inc to sell its prized stake in Verizon
Wireless, the number one U.S. mobile carrier, in what would be
the third-biggest deal of all time.

Verizon has made no secret of its desire to gain full
ownership of a network that is growing at a rapid rate and
generating billions of dollars in free cash flow, but the
companies have tussled over how such a deal should be valued.

Aug 23, 2013

Recovering UK economy shows broader, faster growth

LONDON (Reuters) – Britain’s economy grew faster than expected in the second quarter, benefiting from a broad-based pick-up in activity that looked to have put the country’s burgeoning recovery on a firmer footing.

Gross domestic product expanded 0.7 percent from the previous quarter, data from the Office for National Statistics showed on Friday, beating its initial estimate and economists’ forecasts and putting Britain’s growth rate on a par with European powerhouse Germany.

    • About Kate

      "I am based in London and cover the UK media and telecoms sectors including BSkyB, Vodafone and WPP. I have previously covered UK general news and sports including major events such as the Olympics and football World Cups."
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