Vodafone is considering a takeover of Spain's Yoigo, according to an analyst report from Zacks Equity Research . The deal, which could see Vodafone bidding between €750 million to €1.2 billion, could face counter bids from Telefónica and France Telecom Orange.
Vodafone Group's revenue may be declining in its core European markets but the company does not need to sell its 45 per cent stake in U.S. operator Verizon Wireless in order to invest more in Europe, according to CEO Vittorio Colao. The Vodafone chief told Reuters that the company has a healthy balance sheet and can make acquisitions if necessary.
BARCELONA, Spain--The CEOs of two of the world's largest mobile operators explained how they have been responding to the threat of over-the-top service providers like Skype, WhatsApp and others. They also bemoaned regulatory rules they said have hindered their ability to quickly respond to market changes and build lasting business models.
Vodafone is testing Siklu's 60 GHz V band small cell backhaul gear via a street-level deployment within a major UK city.
The LTE spectrum auction in the UK produced £2.34 billion (€2.68 billion) in revenue for the British government, significantly below the government's expectation of £3.5 billion, and analysts agree that the prices paid by the UK operators were below what others have paid for similar spectrum. Analysts ascribed several reasons for the gap, including less demand and more supply of spectrum than in other markets.
Kabel Deutschland will not fight a potential €10 billion takeover bid from Vodafone, according to a Reuters report . However, Kabel Deutschland also raised its dividend by nearly 70 per cent--a move interpreted by German analysts as the cable company building a strategy to deter a hostile takeover.
UK mobile operators are the winners in the LTE spectrum auction, paying a total of £2.34 billion, significantly below the government's expectation of £3.5 billion.
Vodafone appointed Goldman Sachs to advise it on possible bid options for German cable company Kabel Deutschland, an unnamed source with direct knowledge of the matter told Reuters .
Telecom New Zealand, Vodafone and Telstra on Monday signed a non-binding memorandum of understanding to jointly invest in building a submarine cable between Auckland and Sydney that they claim will expand New Zealand's international connectivity and strengthen its links into Asian markets.
Vodafone could make a bid for German cable company Kabel Deutschland within days, according to a Bloomber g report, which cited an unnamed source. Meanwhile, some analysts are wondering if Vodafone could lose out to U.S. cable giant Liberty Global if the two firms become involved in a bidding war over Kabel Deutschland.