Vodafone Group Plc plans to retain a a 2.1 billion-pound ($3.19 billion) dividend from U.S. venture Verizon Wireless rather than returning it to shareholders as it reported the first full-year revenue decline since 2005.
Verizon Communications Inc. has been briefing analysts on how much it would be willing to pay for Vodafone Plc’s stake in their wireless venture, increasing pressure on the U.K. company to return to the negotiating table, people familiar with the matter said.
Vodafone Group Plc Chief Executive Officer Vittorio Colao said the world’s biggest mobile-phone operator may consider an initial public offering of its Indian venture, similar to that of the South African unit.
John Malone’s Liberty Global Inc. is considering a takeover bid for Kabel Deutschland Holding AG, the cable provider that’s also a takeover target for Vodafone Group Plc, two people familiar with the matter said.
Verizon Communications Inc. is working to resolve its relationship with Vodafone Group Plc this year, having weighed options that range from ending its wireless venture with its European ally to a full merger of the two phone companies, said people familiar with the situation.
Vodafone Group Plc Chief Executive Officer Vittorio Colao threw his backing behind Italian Prime Minister Mario Monti, who will step down amid parliamentary opposition and may be offered a second term.
Verizon Communications Inc.’s effort to resolve its relationship with Vodafone Group Plc, potentially ending their wireless joint venture, would put it on a path to full ownership of the most profitable and fastest-growing major wireless carrier in the U.S.
Vodafone Group Plc Chief Executive Officer Vittorio Colao was under shareholder pressure to sell assets when he took over after his predecessors’ decade-long takeover binge. This week, he showed that his patience paid off.