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Vodafone Group plc (VOD)

  • Dec. 6, 2011, 3:05 PM
    Verizon Wireless (VZ, VOD) tries to defuse a growing backlash to its decision to block access to Google Wallet (GOOG) - a move that many suspect was done to suppress a rival to its Isis mobile payments JV. A Verizon spokesman claims security issues were responsible for the decision, and that Verizon continues to have "commercial discussions" with Google on the matter.
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  • Dec. 6, 2011, 11:54 AM
    Verizon Wireless (VZ, VOD) once again received the highest rating among nationwide carriers in Consumer Reports' annual customer satisfaction survey. Sprint (S) finished a close second, while AT&T (T) received the lowest marks for yet another year. However, it's added the happiest subscribers tend to be those signed up for prepaid plans, and/or with smaller service providers. (yesterday)
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  • Dec. 6, 2011, 9:04 AM
    Sprint (S), which has just finished up bailing out (I, II) Clearwire (CLWR), says it plans to offer its first 4G LTE devices in 2H 2012. Sprint has thus far relied on WiMAX technology rather than LTE to offer 4G services, and that's put the carrier at a disadvantage with regards to the quality of its 4G phone lineup. Verizon Wireless (VZ, VOD) currently offers 16 LTE devices, with the Galaxy Nexus arriving shortly.
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  • Dec. 5, 2011, 4:34 PM
    With the odds for AT&T's bid for T-Mobile (and its related asset sales) looking increasingly slim, Leap Wireless (LEAP) has decided to conduct a spectrum swap with Verizon Wireless (VZ, VOD). Leap will pay Verizon $204M to acquire 12 MHz. of 700 MHz.-band spectrum (better range), and will sell Verizon excess spectrum in higher frequency bands (superior bandwidth) for $188M.
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  • Dec. 5, 2011, 3:40 PM
    JPMorgan's Phillip Cusick predicts the iPhone 4S launch will help Verizon Wireless (VZ, VOD) deliver a net gain of 1.2M postpaid subscribers in Q4 - above a prior forecast of 1M, and far higher than expected gains of 450K for AT&T (T), and 250K for Sprint (never mind T-Mobile's 400K decline). Moreover, he estimates Verizon's per-unit iPhone subsidy only amounts to $350, below AT&T's $375 and Sprint's $400.
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  • Dec. 2, 2011, 12:07 PM
    In spite of weak sales (I, II) thus far, Verizon Wireless (VZ, VOD) isn't giving up on high-end Android (GOOG) tablets: CNET reports the carrier plans to sell Motorola's (MMI) upcoming 4G Droid Xyboard devices. Pricing could make or break the products: if Verizon subsidizes Motorola's tablets in exchange for service contracts, they just might not be roadkill for the iPad (AAPL) and Kindle Fire (AMZN). (earlier)
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  • Dec. 2, 2011, 9:08 AM
    More on Verizon/Spectrum: The cable companies (Comcast CMCSA, Time Warner TWX) and Verizon (VZ, VOD) will become agents to sell each other's products. Over time, the cable firms will have the option of selling Verizon Wireless service on wholesale basis. VZ +0.5%, CMCSA +4.1% premarket.
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  • Dec. 2, 2011, 8:56 AM
    Trying to keep up with the fast-growing demand for bandwidth, Verizon Wireless (VZ, VOD) agrees to buy Spectrum and its 122 wireless licenses from Comcast (CMCSA) and Time Warner (TWX) for $3.6B. Comcast's share of the proceeds will be $2.3B; Time Warner's, $1.1B. (PR) Comcast +2.6% premarket.
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  • Dec. 1, 2011, 4:14 PM
    Thomas Lott's extensive analysis (Part I, Part II) of Vodafone's (VOD) assets leads him to believe upside of 24%-27% is possible over the next 12-18 months, after accounting for the carrier's large dividend. Some fairly conservative multiples are used in valuing Vodafone's properties; its 45% stake in Verizon Wireless is valued at just 6x EBITDA; its European assets at 5x; and its other international assets at 6.25x.
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  • Dec. 1, 2011, 2:31 PM
    Infonetics estimates Q3 mobile infrastructure sales rose 8.6% Y/Y in Q3. Though that figure is down considerably from Q2's 25.2% clip, the firm continues to expect strong spending on 4G gear to buoy demand for the likes of ERIC and ALU. It also isn't worried about the impact of Europe's debt crisis on the ability of top regional carriers VOD, TI, FTE, and TEF to finance buildouts, given their huge cash balances.
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  • Nov. 23, 2011, 7:45 AM
    Though some early data  and commentary has been negative, it's too early to write off Nokia's (NOK) Lumia phones, argues Tero Kuittinen. British carriers Vodafone (VOD) and Orange (FTE) are seeing healthy sales, and Nokia only has to win over Symbian and BlackBerry (RIMM) users to surpass low expectations. Nokia backs up Kuittinen's comments this morning by reporting initial U.K. Lumia 800 sales are "excellent."
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  • Nov. 16, 2011, 10:35 AM
    Verizon Wireless (VZ, VOD) has a big lead on AT&T (T) when it comes to 4G LTE coverage, and it looks like it  won't be going away anytime soon. Verizon says its LTE coverage will soon reach 179 markets. By contrast, AT&T's LTE coverage will only reach 15 markets by the end of the month. In addition, Verizon will be able to offer the LTE-enabled Galaxy Nexus and Droid Razr to customers.
  • Nov. 14, 2011, 7:02 AM
    Greece raises €380M from the sale of mobile telephone frequencies to cell phone operators OTE (HLTOY.PK), Vodaphone (VOD), and WInd Hellas (itself with its own debt issues). The government hopes to raise €50B from asset sales in coming years.
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  • Nov. 13, 2011, 8:35 PM
    Barron's gives a plug for Corning (GLW) over the weekend, noting the LCD glassmaker trades for little more than book value, and insiders are buying shares. It's also declaring Vodafone (VOD) a buy on account of its emerging-markets exposure, high dividend yield (6.7%), and 45% stake in Verizon Wireless (VZ), among other factors.
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  • Nov. 10, 2011, 11:11 AM
    China Telecom (CHA) says it will begin selling wireless service in the U.S. early next year, with the goal of targeting Chinese-Americans, students, and those who travel often between the U.S. and China. Given that China Telecom runs an EV-DO 3G network, it might strike a partnership with Sprint (S) or Verizon Wireless (VZ, VOD), both of whom also rely on EV-DO.
  • Nov. 8, 2011, 3:23 AM
    Vodafone (VOD): FH1 EBITDA +2.3% to £7.53B ($12.09B) vs. forecasts of £7.42B. Revenue +4.1% to £23.5B. Earnings boosted by strong growth in India, and robust performances in Germany and Britain, but faced continued tough conditions in Spain and Italy. Raises FY forecast for adjusted operating profit to £11.4-11.8B. (PR .pdf)
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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.