Apple unveiled two new iPhones to replace the iPhone 5 on Tuesday, the lower-cost iPhone 5c and higher-end iPhone 5s, and to the relief of Apple fans across Europe the new smartphones will now support LTE Bands 7 (2.6 GHz) and 20 (800 MHz), as well as LTE Band 3 (1800 MHz).
Verizon Communications is on track for the biggest sale of corporate debt ever--as much as $20 billion--in order to finance its $130 billion acquisition of Vodafone's 45 percent stake in Verizon Wireless, according to multiple reports.
BERLIN—Verizon Communications' decision to pay $130 billion to purchase Vodafone's 45 percent share of Verizon Wireless was not a surprise to Sprint CEO Dan Hesse. Speaking here at the IFA trade fair, Hesse told the audience that Verizon Wireless was the most important part of Verizon's business and therefore it was necessary for the operator to have full control of its business.
Italy has become Vodafone's second-largest market after it gained 100 per cent control of Vodafone Italy following its $130 billion (€99 billion) deal with Verizon Communications, and the market is therefore set to be a key beneficiary of the UK operator's $9.3 billion "Project Spring" investment plan.
This week finally provided answers to ongoing questions about the future of Vodafone's 45 per cent stake in Verizon Wireless and Nokia's devices unit. Some industry leaders are worried about the impact these deals will have on Europe's efforts to regain its lost leadership in mobile innovation.
BRUSSELS--Europe has been falling behind in mobile innovation, as illustrated by its low LTE penetration compared to the US, and recent events such as Microsoft's acquisition of Nokia's devices business and Vodafone's sale of its stake in Verizon Wireless will not help the region reverse this situation, according to Telecom Italia CEO Franco Bernabe.
Another day, another million-dollar or billion-dollar deal. At least that's how this week seemed, and it's not even over yet.
Verizon Communications' $130 purchase of Vodafone's 45 percent stake in Verizon Wireless and Microsoft's decision to pay around $7.2 billion for Nokia's handset business were done for both strategic reasons and financial ones. And, as The Verge notes, the financial ones had a lot to do with fears about rising interest rates.
Verizon Communications paid billions more than it had initially wanted to secure partner Vodafone's 45 percent stake in Verizon Wireless, according to a Wall Street Journal article, but the company felt it could not pass up the opportunity to get full control of its wireless operations.
Italian investors in Telecom Italia, which has been grappling with some tough decisions relating to its mobile and fixed businesses, are prepared to sell their stakes in a move that could leave Telecom Italia vulnerable to a takeover bid, according to a Reuters report.