Vodafone Group Plc plans to use Kabel Deutschland Holding AG, the cable company it bought last year for more than $10 billion, as the “core” of its fixed- line business in Germany and potentially other countries, Chief Executive Officer Vittorio Colao said.
Deutsche Telekom AG’s Timotheus Hoettges, who helped engineer the merger of its T-Mobile US Inc. with rival MetroPCS Communications Inc. two years ago, said a recovering outlook in the U.S. means the business can go it alone, at least for now.
Bouygues SA, the construction and telecommunications group led by Martin Bouygues, offered 10.5 billion euros ($14.4 billion) in cash for Vivendi SA’s SFR unit, setting up a bidding war with billionaire Patrick Drahi and potentially creating a phone carrier to rival Orange SA.
Options traders are turning bullish on Verizon Communications Inc., convinced it can wring extra profit from its wireless venture and that the stock will rebound after Vodafone Group Plc shareholders are done selling.
AT&T Inc. executives huddled with small groups of investors in Barcelona this week to discuss their willingness to own cable assets and stretch their balance sheet for big investments in mature economies like those in Europe, said people with knowledge of the matter.
AT&T Inc. Chief Executive Officer Randall Stephenson comes to Europe several times a year bearing a message: The region would do well to learn from the Americans in developing new mobile technology. Problem is, Europe isn’t particularly interested in the lesson.