Seeking Alpha

Vodafone (VOD -1.3%) is fine with a credit downgrade to BBB+ if that's the price it has to pay...

Vodafone (VOD -1.3%) is fine with a credit downgrade to BBB+ if that's the price it has to pay to go through with a compelling merger/acquisition, says CFO Andy Halford. That comment is being taken as a sign Vodafone doesn't feel any pressure to sell its 45% stake in Verizon Wireless (estimated value of $110B), which would do plenty to strengthen its balance sheet. Bernstein notes the amount of extra debt needed to produce a BBB+ rating would be enough to finance the purchase of German wireline carrier Kabel Deutschland, which Vodafone is reportedly eying.
Comments (1)
  • Veritas1010
    , contributor
    Comments (1633) | Send Message
     
    VOD doesn't get it. But the market will. Watching closely to see optimum price to potential exit VOD. While the world moves wireless, this company embraces wireline and cable in Europe.

     

    And when they enter Asia...look at the India mess. Nothing like UK management, just ask BP.
    20 Mar 2013, 07:29 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs