Vodafone unhappy about its stake in Verizon Wireless?

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

Posts: 279; Member since: Dec 11, 2008

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

Posts: 162; Member since: Jul 14, 2009

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

2. PapaJay224

Posts: 866; Member since: Feb 08, 2009

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

Posts: 162; Member since: Jul 14, 2009

Right there with ya Papajay.

3. DonLouie

Posts: 594; Member since: Dec 22, 2008

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

7. PapaJay224

Posts: 866; Member since: Feb 08, 2009

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

Posts: 217; Member since: May 23, 2008

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

Posts: 209; Member since: Dec 11, 2008

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

Posts: 91; Member since: Aug 22, 2009

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

Posts: 866; Member since: Feb 08, 2009

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

Posts: 91; Member since: Aug 22, 2009

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

Posts: 91; Member since: Aug 22, 2009

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

Posts: 162; Member since: Jul 14, 2009

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

Posts: 162; Member since: Jul 14, 2009

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

Posts: 91; Member since: Aug 22, 2009

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

Posts: 162; Member since: Jul 14, 2009

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

Posts: 91; Member since: Aug 22, 2009

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

19. Vlondril

Posts: 91; Member since: Aug 22, 2009

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

Posts: 162; Member since: Jul 14, 2009

Thank you for the civil response.

21. Quemical

Posts: 162; Member since: Jul 14, 2009

Lol, yeah, 90% sounds accurate.

34. mcmkone

Posts: 54; Member since: Mar 24, 2009

lol checkwww.gsmarena.com at lease their stories are rather accurate.

15. DonLouie

Posts: 594; Member since: Dec 22, 2008

Verizon is closed off to any 3rd party apps or downloads if you don't have a smartphone meaning all customization goes thru them, for a fee. This is a fact for PapaJay to ponder on while I continue to say vzw sucks

16. Quemical

Posts: 162; Member since: Jul 14, 2009

I had to do a double take at that comment, did you really just say that?? Are you honestly getting mad you cant download opera mobile on your lg rumor????? Dude.............

22. vzw fanman

Posts: 1977; Member since: Dec 11, 2008

ya and their fee is very affordable...its not like they're asking 20 dollars per app silly don. vzw ftw.

27. PapaJay224

Posts: 866; Member since: Feb 08, 2009

What about BREW, what about emailing yourself ringers and games? Can you download Apps from several stores on your Sprint phone? from previous comments Don you have complained about how Verizons Rates are too high and how Data has alwways been your problem. It sounds like you cant even really afford the solutions your quik to judge about..How many apps do you have on your phone? and again how much do you pay per month? If your THAT into APPS you WILL buy a PDA plain and simple...NO ONE owns a REGUALR phone so they can download APPS they buy regular phones to do less expensive things.

23. DonLouie

Posts: 594; Member since: Dec 22, 2008

It's bigger than that, ringtones, games and screensavers too but Opera Mini is the shit for dumbphones. All of vzw love for the walled in network can only extend so far, continue to think I'm silly for enjoying my savings and open carrier

24. vzw fanman

Posts: 1977; Member since: Dec 11, 2008

well don, i think if someone wanted to have opera mini on a phone they would go for a bb or pda, not a dumb phone....and i wouldn't join sprint even if they gave the service to me for free hehe...SPRINT NEEDS A MINT CAUSE THEIR SERVICE STINKS. :-P... P.S. sprint commercials suck. AT&T FTW.

31. ICanAffordVZW

Posts: 123; Member since: Dec 15, 2008

While you enjoy your savings, I will enjoy my 3G coverage and working blackberry. But hey, you have paperweight mode on your sprint dumbphone!

25. DonLouie

Posts: 594; Member since: Dec 22, 2008

Opera Mini is for dumbphones, Opera Mobile is for RIM and WinMo. If the only service you know is vzw, what reference point is there to say Sprint stinks. It must be the price, the all inclusive plans that can be used w/any device from a dumbphone to feature phone to smartphone to RIM at no extra cost, the fact that outside downloads can be done, the reliability or the speed that makes Sprint stink. I am not going to let a commercial dictate my choice in carrier because if that were the case I would with sparse 3G T Mo, unreliable and expensive att or expensive vzw

26. vzw fanman

Posts: 1977; Member since: Dec 11, 2008

sorry to tell you but opera mini is for blackberries. mine says "opera mini." well you get what you pay for...and i've told my story before, me and my 5 buddies took a drive from new york to tampa. i have vz and so do three of them. the other has sprint and the other has tmo. and i had service almost all the time, even on the back road saffaries we took lol..i mean have you seen how much money verizon invests on builing new cell sites and maintaining them in specific regions around the country? or how prepared they are for natural disasters, such as hurricanes? in my opinion verizon is the most reliable. now i am happy there is competition in the cell phone industry to expand wireless technology, but all i'm saying is verizon has the best coverage. SPRINT FTW.

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