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C. William Jones

C. William Jones
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  • 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[View news story]
    I am a retired Verizon Managing Director who formed an advocacy organization now named the Association of BellTel Retirees Inc. We now have 128,000 members, two law suits against Verizon as well as numerous proxy proposal victories that have caused changes in corporate governance and policy.

    We are very interested in the Vodafone transaction. While Verizon Wireless is the source of both the growth and profit for Verizon, I am concerned as to how much they can afford to spend on buying out Vodafone's interest in the wireless business. Those numbers are huge!
    May 14 03:03 PM | Likes Like |Link to Comment
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