Bets against Canada’s three biggest wireless carriers have surged ahead of a deadline for the country’s spectrum auction that may include interest from foreign carriers such as AT&T Inc. and Telenor ASA.
Vodafone Group Plc is poised to exit the best investment it ever made, pocketing as much as $130 billion from the 45 percent it owns in U.S. mobile company Verizon Wireless and focusing its attention on Europe.
As Vodafone Group Plc nears an exit from its 14-year-old U.S. wireless venture with Verizon Communications Inc., Europe’s biggest mobile-phone company may have to make a tough choice: buy or be bought.
John Malone, the billionaire who controls Liberty Global Plc, said he’s out of the race for Kabel Deutschland Holding AG and will look to southern Europe for opportunities when the economy there starts improving.
Vodafone Group Plc Chief Executive Officer Vittorio Colao’s three-year pursuit of Germany’s largest cable company -- codenamed “Project Knight” -- hung in the balance as his top advisers gathered last Friday at the Sofitel London Heathrow.
Vodafone Group Plc will buy an additional 33 percent stake in its Indian joint venture for $5 billion after partner Essar Group exercised an option to sell the holding in India’s third-largest mobile-phone operator.