0
Mobile & Wireless

Verizon pressures Vodafone with dividend threat - report

Friday 3 May 2013 | 11:26 CET | News
Verizon CEO Lowell McAdam said the operator's priority for cash is paying off debt coming due rather than pay-outs to shareholders. The comments, reported by the Wall Street Journal from an investor meeting, appear aimed at putting pressure on Vodafone to consider Verizon's proposal of selling its 45 percent stake in their joint venture Verizon Wireless. Specifically, McAdam said the priority for Verizon Wireless's cash flow will be to pay down the USD 5 billion in debt coming due by mid-2014 before making pay-outs to owners. The comments were reported in a note by JP Morgan Chase analyst

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Try more access to meet your needs.

  • More frequent visitors may register for free and read up more articles. Register here
  • Very frequent users can subscribe and get unlimited access.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Verizon / Verizon Wireless / Vodafone
Countries: United States
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Verizon, AT&T plan joint takeover bid for Vodafone - report

Published 02 Apr 2013 11:24 CET | World
US operators Verizon and AT&T are putting together a takeover bid for Vodafone, the Financial Times' Alphaville blog reports, ...

Verizon denies reported Vodafone bid

Published 03 Apr 2013 09:14 CET | United States
Verizon has denied any plans to make a bid for or merge with Vodafone. In a SEC filing, the US operator reiterated it was ...

Verizon plans USD 100 bln bid for Verizon Wireless - report

Published 25 Apr 2013 11:00 CET | United States
Verizon has hired advisers to prepare a possible USD 100 billion cash and stock bid to take full control of Verizon Wireless from ...

Vodafone shareholders want higher bid for Verizon stake

Published 29 Apr 2013 14:53 CET | World
Six major Vodafone investors said USD 100 billion was not enough for the company's 45 percent stake in US mobile operator Verizon ...

Verizon to market building in Brooklyn

Published 07 May 2013 22:48 CET | United States
In a move to consolidate its operations and contribute to the Manhattan and Brooklyn economies, Verizon plans to market about ...

Verizon expands LTE network in new areas

Published 10 May 2013 22:11 CET | United States
Verizon Wireless has announced it has expended its LTE network in new areas including: New London County, Hartford, Tolland and ...

Verizon Wireless to pay USD 7 bln in dividends

Published 14 May 2013 08:51 CET | United States
Verizon Wireless has approved a dividend worth USD 7.0 billion for its shareholders Verizon Communications and Vodafone. The ...

Vodafone forecasts further growth in operating profit

Published 21 May 2013 08:53 CET | World
Vodafone Group reported a small rise in annual adjusted profit, in line with its outlook, and forecast further growth in the ...

Vodafone confirms talks to sell Verizon Wireless stake

Published 29 Aug 2013 09:07 CET | United States
Vodafone Group confirmed it's in talks with Verizon Communications to sell its 45 percent stake in their US joint venture Verizon ...

Vodafone values Verizon Wireless stake at USD 130 bln

Published 02 Sep 2013 08:37 CET | World
Vodafone has confirmed the price tag for its 45 percent stake in Verizon Wireless, at USD 130 billion. Responding to press ...





<46%
Ziggo's VoIP marketshare drops below 46%
Netherlands  |  2015 Q4

Calendar   /   Industry Events

06 May TDS/US Cellular Q1 2016
09 May Novatel Wireless Q1 2016
09 May Liberty Global Q1 2016
09 May HTC Q1 2016
09 May Ceragon Networks Q1 2016
09 May Rackspace Q1 2016
09 May Maxlinear Q1 2015
09 May 5G World MENA 2016
09 May Telecoms Big Data Analytics & CEM Summit
10 May Softbank fiscal Q4
10 May Radcom Q1 2016
10 May Altice Q1 2016
10 May Nokia Q1 2016
10 May Nuance Communications fiscal Q2
10 May Towerstream Q1 2016
10 May Harmonic Q1 2016
10 May MagicJack VocalTec Q1 2016
10 May ICT Spring 2016
10 May Internet of Things World
11 May Opera Software Q1 2016
11 May Alltele Q1 2016
11 May TIM Brasil Q1 2016
11 May Global Symposium for Regulators
11 May CES Asia
12 May Oi Q1 2016
12 May TalkTalk fiscal Q4
12 May Vimpelcom Q1 2016
12 May Xtera fiscal Q2
12 May Nvidia fiscal Q1
12 May Freenet AGM 2015
::: More Calendar Items