Verizon Wireless will pay a $7 billion dividend to parent companies Verizon Communications and Vodafone by the end of June, diffusing a potential source of tension between the two parents as speculation continues to burble that Verizon will buy Vodafone's 45 percent stake in the joint venture.
Verizon Communications CEO Lowell McAdam hinted that Verizon Wireless will not pay a dividend to its owners this year and will instead focus on paying off debt coming due, according to a financial analyst who had a meeting this week with McAdam.
Verizon Communications has been talking to financial analysts about the price it may be willing to pay to buy Vodafone's 45 percent stake in Verizon Wireless as a way to spur talks between the two telecom giants, according to a Bloomberg report.
Verizon Communications' planned bid for Vodafone Group's 45 percent stake in Verizon Wireless faces a sizable hurdle.
Verizon Communications has hired advisers in advance of a possible $100 billion cash and stock bid for Vodafone's 45 percent stake in Verizon Wireless, according to a Reuters report.
LAS VEGAS--Verizon Communications Chairman and CEO Lowell McAdam said his company is being pressured by consumers to offer a la carte pricing for its FiOS TV service and he believes this is a concept worth considering.
Vodafone's shares slipped more than 3 per cent after the company and Verizon Communications denied a report about plans to break up the UK-based operator.
Verizon Communications quashed a report that it plans to make a bid for Vodafone's assets with AT&T in a deal valued at $245 billion. However, Verizon reiterated it still has an interest in buying Vodafone's 45 percent stake in Verizon Wireless.
The Vodafone rumor mill keeps turning, with Verizon Communications and AT&T considering a joint bid for most of Vodafone's assets in a deal valued at $245 billion, according to a Financial Times report.
Vodafone said it would be willing to accept a lower debt rating if a good merger or acquisition opportunity arose--a statement that analysts said signals the operator is under no pressure to sell its 45 per cent stake in Verizon Wireless.