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Sep 23, 2013

Microsoft revamps Surface tablets to challenge Apple

NEW YORK (Reuters) – Microsoft Corp on Monday unveiled faster, more powerful versions of its Surface tablets in an effort to boost poor sales and mount a stronger challenge Apple Inc’s iPad.

The overhaul of the software company’s first own-brand computers comes less than a year after their launch. So far, the Surface has not been a success, with sales of $853 million outweighed by a $900 million charge for unsold inventory.

Sep 19, 2013

Sprint, T-Mobile join Verizon in snub of Canada airwaves

TORONTO/NEW YORK (Reuters) – Sprint Corp and T-Mobile US Inc confirmed on Thursday they will not participate in Canada’s upcoming auction of prized wireless spectrum, joining larger rival Verizon Communications Inc in shunning the market.

The decision by the big U.S. wireless operators helped lift shares of BCE Inc, Rogers Communications Inc, and Telus Corp, which together control about 90 percent of the Canadian mobile market.

Sep 17, 2013

Apple iPhone 5C orders ‘not overwhelming’: carrier source

By Sinead Carew

(Reuters) – Pre-orders for Apple Inc’s new plastic-backed, brightly colored iPhone 5C have not been “overwhelming,” and supply of both that model as well as a more expensive phone has been disappointing, a source at a U.S. wireless carrier told Reuters on Tuesday.

Apple unveiled two iPhone models – the 5C as well as a more expensive 5S – last week, with the eye-catching 5C marking a departure from Apple’s focus on purely premium phones.

Sep 3, 2013

Insight: Verizon, Vodafone CEOs talked in gym, agreed on price at breakfast

By Sinead Carew and Soyoung Kim

(Reuters) – In the end, all it took was a workout session in the gym followed by conversation over breakfast at San Francisco’s Four Seasons hotel for Verizon Communications Inc’s Lowell McAdam and Vodafone Group Plc’s Vittorio Colao to bridge a $30 billion, 10-year-long gap between their companies and strike the third-biggest corporate deal ever.

The two CEOs, who have known each other for 20 years and are close enough to have had dinner at each other’s homes, had been in regular touch at least since the fall of last year about the fate of their Verizon Wireless joint venture, which was formed in 2000 and is now the No. 1 U.S. mobile carrier.

Sep 2, 2013

Verizon, Vodafone agree to $130 bln Wireless deal

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

The deal in cash and stock will give Verizon full access to
the profits from the United States’ largest mobile operator,
handing it fresh firepower to invest in its mobile network and
fend off challengers in a tough market that is fast becoming
even more competitive.

Sep 2, 2013

Verizon, Vodafone CEOs talked in gym, agreed on price at breakfast

Sept 2 (Reuters) – In the end, all it took was a workout
session in the gym followed by conversation over breakfast at
San Francisco’s Four Seasons hotel for Verizon Communications
Inc’s Lowell McAdam and Vodafone Group Plc’s
Vittorio Colao to bridge a $30 billion, 10-year-long gap between
their companies and strike the third-biggest corporate deal
ever.

The two CEOs, who have known each other for 20 years and are
close enough to have had dinner at each other’s homes, had been
in regular touch at least since the fall of last year about the
fate of their Verizon Wireless joint venture, which was formed
in 2000 and is now the No. 1 U.S. mobile carrier.

Sep 2, 2013

Verizon and Vodafone agree $130 billion Wireless deal

LONDON/SAN DIEGO (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.

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.

    • 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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