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Vodafone Group plc (VOD)

  • Jun. 23, 2013, 3:17 PM
    Vodafone (VOD) has reached a preliminary deal to acquire Kabel Deutschland for €7.7B ($10.1B), or €87/share, Bloomberg reports. The price tag, which rises to €10.7B after factoring in Kabel's debt, represents a 2% premium from the €85/share both Vodafone and Liberty Global (LBTYA) were previously reported to have bid for the German cable provider, which claims 8.5M connected homes and 15M passed homes.
  • Jun. 20, 2013, 4:37 PM
    AT&T (T) considered buying up to a 29.9% stake in Telefonica (TEF) before the Spanish government said no, has mulled buying France Telecom (FTE)/Deutsche Telekom's (DTEGY.PK) Everything Everywhere U.K. mobile JV and Telefonica's O2 U.K. unit or Latin American ops, and "remains interested" in Vodafone (VOD) assets, Bloomberg reports. A merger with Telefonica has also been explored, even though AT&T's ties with America Movil (AMX) would complicate matters. Meanwhile, the FT reports CEO Randall Stephenson is meeting with EC telecom regulator Neelie Kroes. It safe to assume Ma Bell is serious about expanding abroad in order to offset slumping U.S. growth. (previous)
  • Jun. 18, 2013, 3:50 PM
    Is a bidding war breaking out for Kabel Deutschland? Bloomberg reports Vodafone (VOD +0.4%) has raised its preliminary bid for the German cable giant to €7.5B ($10B), or €85/share, matching an offer recently made by Liberty Global (LBTYA -0.1%). Vodafone is said to be studying Kabel's books "before it presents an official offer in the coming weeks." Kabel closed at €85.51 in Frankfurt, up 3.7%. (previous)
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  • Jun. 17, 2013, 3:50 PM
    Liberty Global (LBTYA -2.1%) has made a €7.5B ($10B) offer for Kabel Deutschland, the FT reports. Such a bid would trump the €7.2B ($9.6B) offer Reuters reported Vodafone (VOD +1.3%) recently made. The Sunday Times reported yesterday Kabel is holding out for €8B in equity (to go with €3B in assumed debt), and that Vodafone is preparing a new bid. Liberty's reported offer amounts to €85/share; Kabel closed at €82.47 in Frankfurt today. Update: Kabel confirms it has received an offer from Liberty.
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  • Jun. 16, 2013, 7:48 PM
    Kabel Deutschland wants Vodafone (VOD) to pay €11B ($14.7B) - over €8B in cash for its equity + nearly $3B in assumed debt - to acquire it, The Sunday Times reports. The cash component would represent a ~10% premium from Kabel's Friday close in Frankfurt, and an 11%+ premium from the €7.2B offer Reuters reports Vodafone recently made. The paper adds Vodafone is set to made a fresh bid. (previous)
  • Jun. 14, 2013, 7:00 PM
    Europe's mobile carriers (VOD, FTE, TI, TEF) won't like this: the EU is planning to scrap roaming fees for voice, text, and data services next year (possibly by July '14) as part of an effort to create a common telecom market. The cuts are only expected to affect carrier revenues by 2% on average, but the impact on profits will likely be bigger, given the margins attached. Regulators have already announced plans to harmonize telecom regulations, and to make it easier for carriers to merge. "There are around 100 operators in Europe and only 4 in the US ... That’s not sustainable if we’re going to have a single market," a source tells the Telegraph.
  • Jun. 14, 2013, 2:28 PM
    Vodafone (VOD -0.3%) is thinking of upping its offer for Kabel Deutschland after an initial €7.2B ($9.6B) bid was spurned, Reuters reports. Three sources claim Vodafone sent a letter to Kabel indicating an offer price of €81/share; the German cable giant closed at €82.69 today in Frankfurt (€7.3B market cap). Vodafone, which has 32M German mobile subs, is keen on selling mobile/TV/Internet bundles to Kabel's cable subs. (previous)
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  • Jun. 14, 2013, 6:15 AM
    T-Mobile USA (DTEGF.PK) and Verizon Wireless (VZ, VOD) are reportedly not part of the NSA's program to collect metadata about the phone calls on their networks, partly due to their ownership ties to foreign companies. However, it's likely that the NSA is still able to scoop up the metadata, as the the calls eventually travel on infrastructure operated by U.S. companies that do work with the NSA.
  • Jun. 12, 2013, 4:22 AM
    Vodafone (VOD) shares are -4.7% in London after its stock went ex-dividend today and following the company's confirmation that it is interested in acquiring Kabel Deutschland (KBDHY.OB). Vodafone has reportedly offered €10B for the German cable operator, whose shares are +7.4% in Frankfurt. That gives it a market cap of €7B.
  • Jun. 12, 2013, 4:01 AM
    Vodafone (VOD) has confirmed reports that it has made a preliminary approach to German TV, Internet and telecom provider Kabel Deutschland about a possible offer for the company. (PR)
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  • Jun. 11, 2013, 5:18 PM
    Vodafone (VOD) informally approached Kabel Deutschland about a bid for the top German cable provider "within the past week," Bloomberg reports, while cautioning talks haven't begun because Vodafone's suggested offer price is too low. Vodafone/Kabel rumors have been swirling for some time; the WSJ reported last week Vodafone was once more interested after shelving earlier plans. Kabel sports a market cap of $8.8B on the Frankfurt exchange.
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  • Jun. 5, 2013, 5:36 AM
    India's cabinet has authorized a proposal to start a non-binding conciliation process with Vodafone (VOD) over a $2.2B tax bill related to the company's acquisition of a unit of Hutchison Whampoa in 2007. While Vodafone disputes that it owes the money, it has in the past expressed willingness to reach a settlement that doesn't include interest. The outcome of the row could affect at least four other cases, including one involving AT&T.
  • Jun. 4, 2013, 10:44 AM
    Verizon Wireless (VZ, VOD) is apparently doubling down on its pro football bet. The WSJ reports Big Red and the NFL have reached a 4-year, $1B extension to their current deal that will result in every NFL game being available on Verizon smartphones via the carrier's NFL Mobile service, including home market and playoff games. The current 4-year, $720M deal only provides access to a subset of games. No details on tablet support - for now, NFL Mobile only provides tablet live video access to Verizon FiOS and Cablevision subs. For non-Verizon subs, there's always the Slingbox.
  • Jun. 3, 2013, 2:21 PM
    Vodafone (VOD -0.5%) is once more interested in buying Kabel Deutscheland, but  no final decision on a bid has been made, the WSJ's German site reports (translation). Vodafone reportedly tabled its plans to make a bid for Kabel this winter after news of its interest was leaked. Since then, Liberty Global (LBTYA) has also been named as a potential suitor for the German cable provider, and Vodafone has reportedly talked with Deutsche Telekom about offering a mobile/wireline bundle in Germany. Meanwhile, Vodafone's Australian unit is shuttering its 3 mobile brand, obtained in 2009 following its merger with Hutchison's Australian unit.
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  • May 31, 2013, 10:11 AM
    Vodafone (VOD -1.1%) and China Mobile (CHL -2%) have abandoned plans to make a joint bid for a mobile license in Myanmar, arguing conditions are unfavorable. Both carriers have been on the lookout for emerging markets growth opportunities. Separately, CHL is getting ready to launch Jego, a mobile VoIP/messaging platform aimed at international users with Chinese friends/family, and planning to revive Fetion, a mobile/PC IM app. Both will face tough competition from Tencent's (TCEHY.PK) popular and traffic-hogging WeChat, as well as international platforms such as WhatsApp, Skype, and Viber.
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  • May 27, 2013, 5:27 AM
    EU telecom chief Neelie Kroes hopes to put together a package of reforms that will be approved before European Parliament elections in May next year. The plan is to foster a single market for the industry across the bloc, although Kroes is giving up on the idea of a single regulator following opposition from member states.
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Company Description
Vodafone Group PLC is engaged in providing voice and data communications services for all types of customers. The Company has presence in Europe, the Middle East, Africa, the Asia Pacific region and the United States.