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Verizon to pay $100 billion in cash and stock to buy back the 45% wireless stake owned by Vodafone?

0. phoneArena posted on 24 Apr 2013, 23:05

Speculation on Wednesday has Verizon Communications, parent of the nation's largest carrier, prepping a $100 billion cash and stock offer to buy back the 45% of itself currently owned by Vodafone and sources say that the company has already hired financial and legal advisers to help the carrier in its quest; at this point, there are no guarantees that Vodafone is interested in a deal or that Verizon will even make a bid...

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posted on 25 Apr 2013, 00:23 1

1. Goldeneye (Posts: 419; Member since: 22 Jan 2011)

So Verizon wireless is worth about 200 billion? wow! and Sprint less than 25 billion, according to the current bids from Softbank and Dish.

posted on 25 Apr 2013, 07:56

3. lsutigers (Posts: 821; Member since: 08 Mar 2009)

Based on market cap, I suppose. Doesn't necessarily have anything to do with actual assets, customers, etc...

Sprint's bid is for 70% and Sprint is still in recovery mode but they carry a lot of debt. Softbank is capitalizing on this as Sprint is worth way more than that.

I don't know how Verizon will afford this, the home / business division has been bleeding money for years and laying off people. Maybe this is their only hope, as the wireless division has been keeping them afloat.

posted on 25 Apr 2013, 01:59 4

2. quakan (Posts: 1398; Member since: 02 Mar 2011)

So now will we start paying more to help foot this bill?

posted on 25 Apr 2013, 10:32

4. dorianb (Posts: 612; Member since: 24 Oct 2012)


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