As expected, Verizon Communications and Vodafone shareholders approved an agreement for Verizon to buy Vodafone's 45 percent stake in Verizon Wireless for $130 billion. With the deal sailing toward a closing date next month, attention is now turning to what Verizon plans to do with full control of its lucrative wireless asset and what might change.
The U.S. is hardly the only place where cable consolidation efforts--spurred at least in part by industry icon John Malone--are happening. In Europe, Malone's Liberty Global is in a battle with Vodafone Group to build continent-dominating pay TV empires.
AT&T said it does not intend to make a takeover offer for U.K.-based carrier Vodafone, quashing months of speculation that AT&T might make a move on the operator.
Vodafone is reportedly in talks with the owners of Spanish cable operator Ono and could announce a deal in the next few weeks, according to Bloomberg.
AT&T's CEO Randall Stephenson has reportedly made use of the World Economic Forum in Davos to discuss various regulatory issues with European regulators including M&A, although on Monday the US operator denied rumours that it intends to made a bid for Vodafone.
Speculation is mounting that Spanish operator Ono is preparing a flotation that could value it at €7 billion, while rumours persist that Vodafone is still interesting in buying the TV, broadband and telecoms operator as part of its European convergence strategy.
Vodafone is reportedly considering a multibillion-euro deal to buy a majority stake in Tata Teleservices in a move that would turn the UK-based operator into the largest telecoms player in India, ahead of current market leader Airtel.
Vodafone has been allowed to increase its stake in its Indian unit to 100 per cent from 64 per cent after India's Foreign Investment Promotion Board approved the move.
If you are a 3 UK customer and have recently bought an LTE device such as an iPhone 5s, you may find yourself unexpectedly able to access LTE networks, depending on where you live.
Vodafone is rolling out its Near Feld Communications-based mobile wallet service in Europe, and said this is the first European mobile payment service to be based on the open-standard GlobalPayment platform.