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Vodafone unhappy about its stake in Verizon Wireless?

Posted: 19 Sep 2009, 10:35, by John V.

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Vodafone unhappy about its stake in Verizon Wireless?

Vodafone's chief executive, Vittorio Colao, isn't sitting around the sidelines anymore watching things go by without any say in the matter of their stake in Verizon Wireless. It seems that he is frustrated that Verizon, which has about 87.7 million customers and took in $58.6 billion in revenue last year, has not come out to show even one paid dividend in four years. Vodafone of course has a major stake in Big Red at 45 percent. Surprisingly at a recent Goldman Sach's media conference in New York, Colao stated that “Verizon Wireless is and has been a good investment.” It's not just Colao who raised ears, but Vodafone's board continues to re-look at the situation – they examine other options “regularly”, but “for the time being we are here.” Vodafone's finance director, Andy Halford, has indicated that Verizon may soon start paying out dividends in late 2011 – hopefully before they start clearing out their $30 billion in debts. Vodafone has been hit hard with the tough economy and the dwindling revenue as consumers cut back on mobile phone calls. They're prone amid this downturn and plan on making some some job cuts in the next couple of months. We'll have to wait and see if they plan on sticking around with their joint venture with Big Red.


source: Telegraph.co.uk


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47 Comments

1. sinfulta posted on 20 Oct 2010, 01:43

WOW this article is complete twisted phone arena. "Vittorio Colao, isn't sitting around the sidelines" and "It seems he is frustrated". That is absolutely not what the article states. Verizon money wise is doing quite a bit better than Vodafone is doing and like all cellular carriers they have a regular debt because of network investments. Verizon has been paying off there there debt and Vodafone has just not received a dividend. What a way to twist the story to make it seem like they are upset with Verizon, when they own a 45% stake and can't really loose them since they have been nothing but a cash cow for Vodafone there's nothing "Unhappy" about there stake. They would just also like to receive some dividends. aka Money for it's Stockholders to keep them off there back, since there stock holders aren't seeing it from Vodafone.

10. Quemical posted on 19 Sep 2009, 16:26

“Verizon Wireless is and has been a good investment.” What part of that didnt you understand phonearena??

2. PapaJay224 posted on 19 Sep 2009, 12:39

This is what I hate about Phone Arena (as a frequent visitor) they jump on every oppertunity to cover anything "iPhone". There opinion of VZW is completely biased, and they openly advertise for Sprint, taking the most irrational angles on pushing Sprint ut Bashing Verizon alll the while...Im going to end up walking away if I keep reading garbage like this...Its turning in to "Cosmo Arena".

13. Quemical posted on 19 Sep 2009, 16:32

Right there with ya Papajay.

3. DonLouie posted on 19 Sep 2009, 13:26

If Verizon weren't so closed off they would deserve better but as it stands now they suck

7. PapaJay224 posted on 19 Sep 2009, 15:25

What proof of that do you have of that? Are you just trying to get people worked up? "They Suck" is the most childish term anyone could use...You have no reason to think that "factually"...Your just saying it..What carrier do you have? How do you compare your service to the competition? come up with a real reason based on your monthly useage vs. who you call and where your calling from...Lets hear your superior resolution to this carrier "sucking" and why you dont have Verizon....

39. jherz6 posted on 21 Sep 2009, 15:02

Could DonLouie have a iphone and be with AT&T(Cingular). I think so! Don if they were such a poor service provider and had such lousy products, they wouldnt have such a large client base of LOYAL, HAPPY customers.

4. jskrenes posted on 19 Sep 2009, 13:53

Well said Papajay. The only two facts quoted from the article were 1, Vodafone is losing money like everyone else, and 2, they are exploring any option of bringing in money, whether it is selling their share in Verizon or keeping it. Other things making Vodafone unhappy are the rising unemployment is leading to a slowdown in Blackberry sales, and 2, they lost the rights to sell the iphone in Germany and the UK. Phonearena, you guys are on thin ice with me. I am also considering not revisiting the site if the obvious VZW-bashing continues.

5. Vlondril posted on 19 Sep 2009, 14:54

wow...i have VZW service myself but if you want to get angry then look to the source..(Telegraph.co.uk)....they just report what they pull up....just like any other news service...now I do see from your perspective but any GOOD new service is unbiased-and any site on the web WILL be biased because we are all human and we all have our POV...(point of view)...the objective of looking at this report is not whether they are bashing Big Red....just pull from knowledge you already know and apply it to this and you will reach a more truthfull conclusion...after all, just look at sinfulta's comment...he/she was obviously able to find the real truth in the matter...besides if you look at the URL that this report came FROM then you would notice that it is a European news site.....Hello, ring some bells anybody? Please tell me that you all know that the UK news service is only in the buisness of making drama anyway.

6. PapaJay224 posted on 19 Sep 2009, 15:20

I would usually agree with you, but like I said I am an Avid visitor of this site, like im talking i have it up DAILY and I check it 3 to 5 times a day while im at work. I ready every article from iPhones to Pre's to Storms and all phone for all providers. I started reviewing this page originally because of the LEAKS on software and NEW phones. Lately its been carrier bashing... because it gets the most "posts" and attention. Its turned into Jerry Springer website...Take one totally biased opinion throw in un-factual information (stated at the top of every article) and get a whole bunch of people pissed. Wammy, youve got a whole bunch of people posting and arguing over the web. The problem I have with that is customers are calling me asking about information on this website, people are confrunting me telling about things they have read on here, which is extremely frustrating to defend when they feel this is a valid source of information. Step it up phone arena... Prime Example Check Out this Article and see how many problems this caused: Verizon's Touch Pro2 is more expensive than the other carrier's model after 2 years Articles icon

8. Vlondril posted on 19 Sep 2009, 16:10

I remember that article....the funny thing is I do the same you do...and I work for att so I get people complaining about things as similar as this is to you...but i try to look at things objectively and from my point of view I will be honest (this is my OPINION)...i everyone would grow up and use the brain that they have inside their heads and thought before they acted would we even be having this discussion? No we would not...VZW is not the only service provider that is bashed on this website...you should know as well as I that ATT, Sprint, and T-Mobile ALL get bashed...and did anybody smack PA in the face about that? You read all the articles....I dont post unless I either feel that I can poke a little humor or I strongly feal a particular way. And again from one perspective I agree with you...the carrier bashing has to stop...but like anything else in humanity we apparently need drama...lol...anyway objectivly speaking i do believe that people are entitled to their opinion...and as you can see muliple people in the world are only interested in starting a fight, so can this realli b blaimed on PA? It is a valid question and no I havent been on PA as long as you but I do access it as often as you do...and i dont alway look at the devices...I look at the news just like you and i read the posts...which are not place by PA but people like US. So I look at it this way, PA brings us a topic to debate, we debate it, just like any college debate class you will have poeple who can or cannot debate, so its all good to me.

9. Vlondril posted on 19 Sep 2009, 16:13

On a side note, dont the best debate topics tend to bring out the strongest emotions in people? Its up to us to show our intelligence or our lack there of.

11. Quemical posted on 19 Sep 2009, 16:29

Yes, but this isnt debatearena or bickerarena, its PHONEarena, and if they dont start reporting on PHONES they will find themselves without any readers.

12. Quemical posted on 19 Sep 2009, 16:31

Oh and in response to you saying PA is simply repeating the information, hows that again? The information and title of this article are completely and totally false.

14. Vlondril posted on 19 Sep 2009, 16:58

interesting point...to which i reply (again if you really read my first post) just pull from knowledge you already know and apply it to this and you will reach a more truthfull conclusion....ANY news that is broadcasted is ALWAYS BIASED...its a buisness, and so is this website. So if you dont want to read the site anymore whos to stop you Quem? It always depends on the perspective of the writer AND the reader....try to keep an open mind okay :)

17. Quemical posted on 19 Sep 2009, 17:44

To which I reply, eat your own feedback. I know its my choice not to come back, I WANT this site to do better, I just cant stand it when people dont apply themselves.

18. Vlondril posted on 19 Sep 2009, 18:03

again...a valid point....and you are right about that...props dude...

19. Vlondril posted on 19 Sep 2009, 18:09

again on a side note here....judgeing from your reply to me then that means you cannot stand 90% of the human population because very rarely does the majority apply themselves....and I agree with you....this world would BE a better place IF people would apply themselves....but again that would involve a dirty four letter word..."work"

20. Quemical posted on 19 Sep 2009, 18:10

Thank you for the civil response.

21. Quemical posted on 19 Sep 2009, 18:11

Lol, yeah, 90% sounds accurate.

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