Feeds

Vodafone seeks 100% control of three European units

Cash offers

  • alert
  • submit to reddit

The essential guide to IT transformation

ComputerWire logo Vodafone Group Plc is taking advantage of the current low stock market value of wireless carriers with the announcement of negotiations for a €2bn offer to buy out minority shareholders in three of its European units.

With its own stock currently in the doldrums, Vodafone is breaking with tradition by offering cash to buy the 25.3% minority interests in Europolitan Vadafone AB in Sweden, the 22.4% holding in Vodafone Libertel NN in the Netherlands, and the 38.6% of Vodafone Telecel-Comunicacoes Pessoais SA in Portugal.

Vodafone said it has initiated discussions with the companies over the planned offer and said payment could be made from its own cash resources and existing facilities. It said that if the offers go ahead, they will be earnings enhancing.

While Vodafone uses local partners to enter new markets, it tends to hanker for full control eventually. Buying out minorities from three European operations are among the easier decisions the company faces.

The real crunch is in the vital US market where it must decide whether to sell its 45% stake in Verizon Wireless, its US joint venture with Verizon Communications, and seek to acquire a rival US mobile operator.

It also faces problems in France where Vivendi Universal SA has thwarted its ambitions to gain control of Cegetel SA, and hence France's second largest mobile phone operator SFR SA, raising its stake to an unassailable 70%.

© ComputerWire

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
EE fails to apologise for HUGE T-Mobile outage that hit Brits on Friday
Customer: 'Please change your name to occasionally somewhere'
Time Warner Cable customers SQUEAL as US network goes offline
A rude awakening: North Americans greeted with outage drama
We need less U.S. in our WWW – Euro digital chief Steelie Neelie
EC moves to shift status quo at Internet Governance Forum
BT customers face broadband and landline price hikes
Poor punters won't be affected, telecoms giant claims
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.