London: Six major Vodafone investors said $100 billion was not enough for the British company's stake in its US joint venture with Verizon Communications, and urged the latter to come up with an offer of at least $120 billion.
Their comments followed a Reuters report on Wednesday that Verizon had hired advisers to prepare a possible $100 billion bid to buy Vodafone's 45 per cent stake in their Verizon Wireless joint venture, likely to be structured as a roughly 50:50 cash and stock bid.
Should the $100 billion figure stand, the six shareholders, with around 1.3 billion of Vodafone's shares between them, said they would prefer the British group to push for a full merger with Verizon instead.
The main concern among investors contacted by Reuters was the fact that a sale of Verizon Wireless - the best performing asset by far in the Vodafone portfolio - would highlight the operator's exposure to its troubled European markets....more
06:54 AM, Apr 27, 2013
New Delhi: Samsung Electronics Co unveiled its latest tablet using a 7.7-inch OLED display at the CES 2012, and said the product will be available through US mobile carrier Verizon Wireless. The device is the Korean electronics giant's first tablet using organic light emitting diodes (OLED), which boasts better picture quality than mainstream LCD flat-screens. The Tab 7.7 runs Android 3.2, with the TouchWiz software on-board. The Samsung Galaxy Tab...
03:17 PM, Jan 10, 2012