Verizon Communications wants to buy a stake in Vodafone cellular business
In the U.S. mobile market continues to trend previously taken konsolidiatsiyu. After peretryasok associated with operator Sprint Nextel and talks to merge T-Mobile US, as well as the desire of Japanese Softbank to buy Sprint for more than $ 21 billion, today intensified U.S. Verizon Communications and British Vodafone Group. two companies resumed negotiations regarding the share repurchase Brits more than $ 100 billion in the company of Verizon Wireless, the largest U.S. mobile operator. It is reported by The Wall Street Journal, citing its sources.
In turn, Bloomberg notes that in this case we are talking about the cost of a 50% stake in Vodafone 130 billion dollars. worth noting that the company is not the first time allowed the rumors of such talks, but in the last couple of months the parties were negotiating Activity reduced to almost zero. Now, however, WSJ reports that Verizon is serious to become the sole owner of the largest U.S. mobile operator and already being in talks with a pool of banks from which loans are required in the "tens of billions of dollars" needed to close the deal with Vodafone.
Initially it was reported that Verizon was going to buy a 45% stake in Vodafone, but the company did not come to an agreement about the price. If the Americans were talking about $ 100 billion, the British declared that they want 130 billion in the last time the talks collapsed because of price differences. Now is not known whether the parties closer to assess the value of an interest in Verizon Wireless, or is there some other scheme provides for the implementation of the transaction. WSJ notes that the management of Verizon Communications has developed a hypothetical structure of how it might look to buy back transaction, but it is unknown Vodafone agrees to it.
Verizon offers to buy out the Vodafone partly in cash - about $ 50 billion, and the rest - it's credit to banks, plus other financial instruments such as bonds. Sources say that the last time the parties discussed the sale in July, but it was due to price differences they have it and not realized. Lowell McAdam, CEO of Verizon in January of this year, commenting on the quarterly results of cellular subsidiary, announced that the parent company has both the means and desire to buy out Vodafone. According to statistics, as of today Verizon Wireless subscriber base of about 100 million subscribers, and the capitalization amounts to 133 billion dollars. Since the beginning of this year, the company's shares have lost about 14% of their value, they are now trading at 46.56 dollars, against $ 54 in April.
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