Vodafone and Verizon weigh VZW options

first_img Richard is the editor of Mobile World Live’s money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including… Read more Related FinancialVerizonVerizon WirelessVodafone Amazon reels in MGM Author Verizon shuffles executives Home Vodafone and Verizon weigh VZW options Vodafone and Verizon Communications discussed a full merger as recently as December but a buyout or partial sale of the UK operator’s stake in Verizon Wireless is a more likely approach to resolving the long-running issue of future ownership of the joint venture, according to Bloomberg.Talks about a merger failed because the two companies could not reach agreement on leadership of the combined entity, as well as the location of its headquarters, said the report which cited two people familiar with the negotiations.No formal discussions of a merger are ongoing and talks about a possible purchase of Vodafone’s 45 per cent stake in Verizon Wireless are not believed to be at a “substantial” stage. Negotiations are likely to resume later this year.Merger talks have been “on and off every few months for at least two years” and reached the point of joint working groups being set up to identify possible cost savings, according to one source. McKinsey was on board to look for potential synergies from a merger. The consulting firm did not comment.Among the scenarios under consideration was a merged entity based in the UK and led by Verizon CEO Lowell McAdam. Being based in the UK would hold tax advantages.  Verizon shareholders would have held approximately 55 per cent to 60 per cent under this scenario.The reason that talks rose up the agenda in 2012 was due to support from leading shareholders and an increase in Verizon’s market capitalisation as it edged closer to Vodafone’s. This meant the deal could have been portrayed as a merger of equals.However, Verizon was reportedly reluctant to see the combined entity’s headquarters located in Europe. And Vittorio Colao, Vodafone’s CEO, did not want to stand aside for McAdam. Plus, Bloomberg suggests the US company was lukewarm on retaining some of Vodafone’s assets, such as its Indian operator. Richard Handford AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 06 MAR 2013 Verizon sorts sensor supremo Tags Previous ArticleHTC’s February figures disappointNext ArticleTelenor reassured it won’t lose Bangladesh licence last_img read more

Donegal Siptu members begin strike action

first_img Google+ Donegal Siptu members begin strike action RELATED ARTICLESMORE FROM AUTHOR Facebook Twitter Pregnant women can receive Covid vaccine at LYIT’s vaccination centre LUH still not ready to restore IT systems WhatsApp 75 positive cases of Covid confirmed in North Previous articleMedicines to cost up to 40% less from todayNext articleGovernment announce 12 million euro for Donegal roads News Highland Twitter WhatsAppcenter_img Newsx Adverts Pinterest Gardai continue to investigate Kilmacrennan fire Up to 70 thousand members of Siptu are today joining other public sector unions in staging industrial action against pay cuts.The latest development will see workers in health, education, local authority and state agency sectors take part in  a ban on co-operation with change and a work to rule.The spokesperson for Siptu in Donegal is Martin O’Rourke – he says they have been left with no choice:[podcast]http://www.highlandradio.com/wp-content/uploads/2010/02/siptu.mp3[/podcast] Google+ By News Highland – February 1, 2010 Further drop in people receiving PUP in Donegal Lárionad Acmhainní Nádúrtha CTR to take part in new research project Facebook Pinterestlast_img read more