UK operators Vodafone and EE have been quick to indicate they will offer the latest iPhones on their LTE networks, rounding off a week of announcements that have seen both operators vying for subscribers to their "4G" plans. Meanwhile Orange claims to have the No. 1 LTE network in France.
Tensions will be running high at Vodafone as the operator waits for shareholders to tender their shares in Kabel Deutschland by the deadline of midnight on Wednesday, Sept. 11, amid pressure from an activist fund manager.
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.
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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.