LONDON/FRANKFURT, June 24 (Reuters) – Vodafone has
agreed to buy Germany’s largest cable operator Kabel Deutschland
for 7.7 billion euros ($10 billion), betting on TV
and fixed-line services in its biggest deal since 2007.
Announcing its second major acquisition for a European
fixed-line network in 12 months, Vodafone said it would pay 87
euros ($110) per share for the group to enable it to offer more
competitive packages with TV, fixed-line and broadband services
to its mobile customers.
ENNISKILLEN, Northern Ireland (Reuters) – Russian President Vladimir Putin faced further isolation on the second day of a G8 summit on Tuesday as world leaders lined up to pressure him into toning down his support for Syrian President Bashar al-Assad.
Following an icy encounter between the Kremlin chief and U.S. President Barack Obama late on Monday, the G8 leaders will seek to find resolution to a war that has prompted powers across the Middle East to square off on sectarian lines.
ENNISKILLEN, Northern Ireland (Reuters) – U.S. President Barack Obama faces what could be a frosty G8 meeting with Vladimir Putin on Monday after the Russian leader clashed with the West over plans to arm Syrian rebels fighting President Bashar al-Assad.
At their first private face-to-face meeting in a year, Obama will try to convince Putin to bring Assad to the negotiating table but the Russian leader has shown little sign of compromise.
LONDON/FRANKFURT (Reuters) – British mobile firm Vodafone has approached Kabel Deutschland about a bid for Germany’s biggest cable operator that could top 7 billion euros ($9.3 billion) and help fend off competition in its most important European market.
The world’s second-biggest mobile operator has long been linked with a move for the cable group as it seeks to meet the demands of customers who increasingly want to take television, broadband, mobile and fixed-line services – so-called “quad play” – from one provider.
LONDON (Reuters) – British soft drinks maker Britvic Plc (BVIC.L: Quote, Profile, Research, Stock Buzz) played down the chances of resurrecting merger talks with smaller rival A.G. Barr Plc (BAG.L: Quote, Profile, Research, Stock Buzz), after the proposed deal was finally given the blessing of the competition watchdog.
Irn Bru-maker A.G. Barr and Britvic, behind the Robinsons and Tango brands, had agreed an all-share merger in November, which lapsed in February when the Competition Commission launched its investigation.
LONDON (Reuters) – A British Airways plane with 80 people on board made an emergency landing at London’s Heathrow airport on Friday after the right engine burst into flames shortly after take-off and the casing ripped away from the left.
The British carrier, part of IAG, said all 75 passengers and five crew members were safe after having been evacuated from the aircraft down emergency chutes on landing.
LONDON/NEW YORK, May 22 (Reuters) – British publisher
Pearson’s Penguin unit said on Wednesday it would pay
$75 million in damages plus costs to U.S. states and consumers
as part of an agreement over alleged price-fixing in the e-book
Pearson, which will take an extra provision on its accounts
this year after setting aside $40 million in 2012, had already
reached an agreement with the U.S. Justice Department in the
e-book pricing case.
LONDON, May 21 (Reuters) – Vodafone posted the
largest ever fall in its main revenue measure on Tuesday,
forcing it to keep a dividend from its healthy U.S. arm to
compensate for a slump in southern Europe.
The world’s second largest mobile operator, at the centre of
intense speculation as to whether it will sell its stake in U.S.
business Verizon Wireless in one of the world’s largest deals,
said it had also been hit hard by regulatory cuts and the timing
of last year’s leap year.
LONDON (Reuters) – After months of speculation, Vodafone’s (VOD.L: Quote, Profile, Research, Stock Buzz) Vittorio Colao will be under pressure next week to set out whether he may sell its prized stake in Verizon Wireless in what would be one of the biggest deals ever.
Chief executive for five years, Colao has said only that he has an “open mind” on Vodafone’s 45-percent stake in the U.S. operator, whose majority owner, Verizon Communications (VZ.N: Quote, Profile, Research, Stock Buzz), is interested in buying out the British company’s share.
LONDON, May 16 (Reuters) – Vodafone will be able to
offer pay-TV over high-speed broadband to its German customers
under a new deal with Deutsche Telekom, broadening
its appeal in the British firm’s most important European market.
The move, reported by Reuters in April, is designed to
prevent customers defecting to superfast cable services and cuts
the need for Vodafone to make acquisitions in its largest
European market, which has recently turned more competitive.