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Aug 30, 2013

Why Wall St doesn’t blink at extra $30 billion for Verizon Wireless

NEW YORK (Reuters) – It’s not often that Wall Street shrugs off what amounts to a 30 percent price hike for an asset inside of four months.

But that is what happened to Verizon Communications Inc (VZ.N: Quote, Profile, Research) when news broke that it is in talks to buy out Vodafone Group Plc’s (VOD.L: Quote, Profile, Research) 45 percent stake in their U.S. wireless venture for up to $130 billion, up from the $100 billion price range that it was considering back in April.

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

Analysis: Why Wall Street doesn’t blink at extra $30 billion for Verizon Wireless

NEW YORK (Reuters) – It’s not often that Wall Street shrugs off what amounts to a 30 percent price hike for an asset inside of four months.

But that is what happened to Verizon Communications Inc (VZ.N: Quote, Profile, Research, Stock Buzz) when news broke that it is in talks to buy out Vodafone Group Plc’s (VOD.L: Quote, Profile, Research, Stock Buzz) 45 percent stake in their U.S. wireless venture for up to $130 billion, up from the $100 billion price range that it was considering back in April.

Aug 29, 2013

Why Wall St doesn’t blink at extra $30 bln for Verizon Wireless

NEW YORK, Aug 29 (Reuters) – It’s not often that Wall Street
shrugs off what amounts to a 30 percent price hike for an asset
inside of four months.

But that is what happened to Verizon Communications Inc
when news broke that it is in talks to buy out Vodafone
Group Plc’s 45 percent stake in their U.S. wireless
venture for up to $130 billion, up from the $100 billion price
range that it was considering back in April.

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

Microsoft CEO Ballmer to retire within 12 months

SEATTLE/NEW YORK (Reuters) – Microsoft Corp Chief Executive Steve Ballmer unexpectedly announced his retirement on Friday, ending a controversial 13-year reign at the head of the world’s largest software company and sending the company’s shares up nearly 6 percent.

Ballmer, 57, took over from co-founder Bill Gates in January 2000, but his leadership was questioned throughout his tenure by Wall Street and Silicon Valley, as Microsoft’s stock price floundered and the company that drove the personal computer revolution was overtaken by Apple Inc and Google Inc in the shift toward mobile computing.

Aug 22, 2013

HP CEO on the prowl for acquisitions up to $1.5 billion

SAN FRANCISCO (Reuters) – Hewlett-Packard Co is back in the market for acquisitions of up to $1.5 billion, Chief Executive Meg Whitman said in a televised interview on Thursday, aiming for smaller deals after a flurry of outsized purchases in past years.

Whitman, speaking a day after she switched out the chief of the company’s Enterprise group and said HP’s second-largest unit had fallen down on sales and product execution, told business channel CNBC the company could also do deals in the $100 million to $300 million range.

Aug 22, 2013
Aug 21, 2013

Facebook-led project seeks Internet access for all

By Sinead Carew

(Reuters) – Facebook Inc CEO Mark Zuckerberg has enlisted Samsung Electronics Co Ltd, Qualcomm Inc and other technology companies to help him in a project aimed at making Internet access affordable for the 5 billion people around the world who are not online.

The group, called internet.org, is the latest effort by an Internet company to seek to expand Web access to emerging economies. It follows a similar thrust by Facebook rival Google Inc, which uses everything from balloons to fiber connections to expand connectivity.

Aug 20, 2013

AT&T’s U-verse TV service will not carry Al Jazeera America

By Liana B. Baker and Sinead Carew

(Reuters) – AT&T’s U-verse pay-TV service said on Tuesday it would not carry Al Jazeera America as the cable news network funded by the emir of Qatar launched in the United States.

AT&T spokesman Mark Siegel said the decision was due to a contract dispute. U-verse had 5 million video customers at the end of June.

    • About Sinead

      "Sinead is a telecommunications industry correspondent. Her coverage area spans U.S. service providers, cellphone makers and chip makers. Before joining Reuters in 2002, she covered technology and telecoms for various trade publications."
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