Tag Archives: vod

Verizon Rules Out Stock Buybacks Until Debt Slashed

Verizon Communications (VZ) ruled out stock buybacks for at least two or three years as it aims to slash debt following its $130 billion buyout of Vodafone ‘s (VOD) 45% stake in Verizon Wireless, the company said on Monday. Verizon took on more than $60 billion in debt as part of the Vodafone deal, which also included stock. Verizon issued 1.27 billion new shares to Vodafone shareholders. Verizon had gross debt of $114 billion as of Friday, when

Will Vodafone Slim Down Or Bulk Up Post-Verizon?

Soon to be cash-rich, Vodafone Group seems to be facing an immediate future that could go in opposite directions: making acquisitions to beef up or shedding assets to attract AT&T or another suitor. Either way, industry speculation is rife over the post-U.S. makeover of U.K.-based Vodafone (VOD), the world’s No. 1 wireless firm by revenue. Verizon Communications’ (VZ) $130 billion buyout of Vodafone’s 45% stake in their U.S. wireless joint

AT&T Rules Out Vodafone Takeover Bid; VOD Slides

AT&T (T) ruled out a bid for Vodafone (VOD) for at least six months in a regulatory filing, sending shares of U.K.-based Vodafone, the world’s largest wireless firm by revenue, down in London Monday. In the U.S., Vodafone was down 2% in early trading in the stock market today, while AT&T stock was up a fraction. Verizon Communications’ (VZ) $130 billion buyout of Vodafone’s 45% stake in their U.S. wireless joint venture, Verizon Wireless, is