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Gabriel Brown
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Gabriel Brown,
User Rank: Light Sabre
9/2/2013 | 11:42:25 AM
Re: Funding?
Yeah it is, almost. Much of the publicly visible shareholder advice to Vodafone hasn't been all that good over the years. A few years ago -- just before the credit crunch -- activist shareholders mounted a campaign to get Vodafone to distrbute more cash and take on more debt. Luckily the management stood firm.

 Edit: They're returning most of the cash to shareholders. Fair enough.
kaop
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kaop,
User Rank: Light Beer
9/1/2013 | 2:26:25 PM
Re: Funding?
MarkC73:  Offering $100B for 45% stake is about a 75% premium from the current market capitalizion of Verizon.  This inflates the remaining 55% value by $56B.  Nice way of generating cash to compete the transacaion.
KBode
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50%
KBode,
User Rank: Light Sabre
8/30/2013 | 10:59:34 AM
Re: Funding?
"I'd rather see VOD re-invest the cash while telecom operators (in most of the world) are cheap than return it all to shareholders."

 

Blasphemy!
Gabriel Brown
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50%
Gabriel Brown,
User Rank: Light Sabre
8/30/2013 | 6:51:20 AM
Re: Funding?
Interesting, if speculative, theory: AT&T to aquire Vodafone (less the VZW Stake)

Robin Bienenstock watches Vodafone closely and seems to have a good read on the company. She seems, generally, to hold the view that Vodafone hasn't gained all that much from being a pan-Euoprean operator.

Edit: I'd rather see VOD re-invest the cash while telecom operators (in most of the world) are cheap than return it all to shareholders.
MarkC73
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MarkC73,
User Rank: Light Sabre
8/30/2013 | 4:52:00 AM
Re: Funding?
Here's an interesting article for those interested...

http://www.bloomberg.com/news/2013-08-29/vodafone-seen-as-at-t-prey-after-130-billion-verizon-deal-tech.html

Maybe it's not just Vodafone's plans that we should be interested in.
MarkC73
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MarkC73,
User Rank: Light Sabre
8/30/2013 | 3:54:32 AM
Funding?
With that much to fund, any details on how the deal would be done?  In Feb, people were talking about 50/50 stock/cash buyout.  Now with valuation of VzW on the upside we are definitely talking 100B+, Verizon already kind of  low on cash, and noone in the telcom carrier industry has 50B in the bank anyway.

The Market took the news as good as the stock was up on the news.  Which I guess makes sense, they've been wanting, as you stated, this to happen for a while now.  It was even rumored at one time about getting the Vodafone shareholders to speak up by leaking deal details, but if they can secure a large line of credit over a 2-3 pay deal with Vodafone, now would be prime to do it.

The next question will be what does Verizon have instore and what will Vodafone do with its new cash influx.


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