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Vodafone Group plc (VOD)

  • 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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  • May. 21, 2013, 2:31 PM
    Vodafone (VOD +0.3%) views its Verizon Wireless stake as a more attractive long-term asset than its slumping European ops, and is thus loath to sell it, argues Bernstein's Robin Bienenstock in the wake of the carrier's FQ4 report (included major Y/Y drops in Italian/Spanish revenue). Bienenstock, no stranger to throwing cold water on deal expectations, also thinks Vodafone's remarks about keeping its new $3.15B VZW distribution are a sign Verizon (VZ -1.3%) won't be issuing fresh distributions in the near-term; recent comments from Verizon's CFO also back this up.
  • May. 21, 2013, 4:34 AM
    Vodafone (VOD): FQ4 organic service revenue -4.2% (in line, but worst quarterly drop on record): -12.8% in Italy and -11.5% in Spain. Impairment charge of £1.8B in Italy, bringing total impairments for Spain and Italy to £7.7B for the full year during which sales were down 4.2%, to £44.4B and core earnings were off 3.1% to £13.3B. Adjusted operating profit beats, rising 9.3% to £12B. The company said it will keep its 45% share of Verizon's (VZ) dividend payment to shore up operations.
  • May. 20, 2013, 5:38 AM
    The deal may be far from done, but that hasn't stopped analysts from spending (in their heads anyway) the theoretical $100B+ cash hoard Vodaphone (VOD) would be sitting on in the event Verizon (VZ) buys out VOD's 45% Verizon Wireless stake. "What they should do is a dramatic rethink of the business," a Bernstein analyst tells Bloomberg. One possibility: acquisitions, such as Kabel Deutschland Holding and/or Liberty Global, KBC asset management says. Even if the company returned half of the cash from a potential deal to shareholders, it would still be left with $62B, including what it currently has on its books.
  • May. 18, 2013, 6:23 PM
    32% of Q1 U.S. smartphone sales involved prepaid phones, up from 21% a year ago, says NPD. That trend could spell trouble for AT&T (T) and Verizon Wireless (VZ, VOD), whose recent growth has been heavily tied to selling costly postpaid data plans. With 72% and 61% of the carriers' postpaid bases now respectively on smartphones, they face pressure to gain prepaid buyers without cannibalizing postpaid subs. Cannibalization fears have led AT&T and Verizon to make their prepaid plans 3G-only; Sprint (S) and T-Mobile (TMUS) offer 4G. A mix shift towards unsubsidized prepaid phones could also be a challenge for Apple (AAPL), estimated to have just 8% of the Q1 U.S. prepaid smartphone market (though that's up 4x Y/Y).
  • May. 14, 2013, 6:07 PM
    Verizon Wireless distributions will be "more lean" going forward than they have been thus far as the carrier pays down debt and bids in upcoming spectrum auctions, says Verizon (VZ) CFO Frank Shammo in the wake of a $7B payout. The comments suggest Verizon might still use the distributions as a bargaining chip (previous) to get Vodafone (VOD) to sell its stake. Shammo also states 1/3 of Big Red's postpaid subs are now on its costly shared data plans; that's up from 13% last November. (earlier)
  • May. 14, 2013, 2:24 PM
    Verizon's (VZ +0.8%) decision to let Verizon Wireless make a $7B distribution, rather than play hardball with Vodafone (VOD +0.3%), "smacks of stalemate" in Verizon's efforts to buy Vodafone's 45% stake, writes Bernstein's Robin Bienenstock. "In effect, Verizon is betting that Vodafone will be under more pressure to sell at a lower price next year because of Vodafone's own poor operational trends." Past reports suggest the gap between Verizon's initial bid and Vodafone's initial asking price could be $30B.  (previous)
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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.