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FirstNews Briefs: Broadcom, Droplet Robotic Sprinkler, Ericsson, Gusto, Entone, Vodafone

April 14, 2014 11:08 am | by Wireless Week Staff | News | Comments

Broadcom Corporation today announced that its low-power applications processor is the technology behind a new product designed to reduce water consumption. The Droplet Robotic Sprinkler leverages real-time data from more than 10,000 weather stations, millions of square miles of soil samples and comprehensive plant biological information to make intelligent decisions on when, where and how much water to deliver.

Vodafone Agrees to Buy Spain's Ono for $10 Billion

March 17, 2014 9:02 am | by Danica Kirka, Associated Press | News | Comments

British telecommunications company Vodafone agreed on Monday to buy Spain's Ono for 7.2 billion...

AT&T Shifting Focus Away from Opportunities in Europe

March 12, 2014 9:33 am | by Andrew Berg | News | Comments

AT&T says it sees far less opportunity for growth...

Verizon Reaches Finish Line on Vodafone Buyout

February 21, 2014 10:18 am | by Ben Munson | News | Comments

Verizon today announced the completion of its deal to buy Vodafone’s 45-percent stake in Verizon...

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Verizon Gets OK for $130 Billion Vodafone Deal

January 28, 2014 3:02 pm | by Associated Press | News | Comments

Verizon says its shareholders have approved its $130 billion deal to buy the 45 percent stake in its wireless division owned by British cellphone carrier Vodafone. As part of the deal, Verizon will issue up to 1.28 billion shares of common stock to Vodafone shareholders. Vodafone Group PLC shareholders also approved the deal at a meeting held earlier Tuesday.

Wireless Week's Top 25 Headlines of 2013: Episode 5 (5-1)

December 20, 2013 10:57 am | by Wireless Week Staff | Videos | Comments

Welcome to the final segment in Wireless Week's Top 25 Headlines of 2013. Today's the big reveal of our top 5 headlines of 2013, which includes major news from companies like Vodafone, Verizon, T-Mobile, Sprint, Clearwire. Thanks to everyone who has tuned in over the past few weeks. It's been a great year and we look forward to following all the headlines we're sure will be made in 2014.

New Rules Hasten FCC Approval of Verizon's Vodafone Buy

December 4, 2013 4:18 pm | by Andrew Berg | News | Comments

The FCC Wednesday approved Verizon's petition for a declaratory ruling on its acquistion of Vodafone's 45 percent stake in the Verizon Wireless joint venture. The ruling, which involved the International Bureau, Wireless Telecommunications Bureau, and Office of Engineering and Technology, was the first time...

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Vodafone Bolsters Investment Spending

November 12, 2013 9:29 am | by Associated Press | News | Comments

Vodafone, one of the world's largest cellphone companies, is ramping up its investment in an attempt to bolster its competiveness amid the move to 4G technology. The British company said Tuesday it is investing 7 billion pounds ($11.2 billion) over two years.

EU Antitrust Body OKs Vodafone's German Cable Deal

September 20, 2013 2:37 pm | by Associated Press | News | Comments

The European Union's antitrust watchdog has cleared a 7.7 billion-euro ($10 billion) takeover of Germany's biggest cable operator by British telecoms firm Vodafone PLC. The European Commission, the 28-nation bloc's executive arm, said on Friday its investigation found the two companies' businesses were mainly complementary and there was no risk...

Report: Verizon Planning $50 Billion Bond Sale

September 9, 2013 11:09 am | by Ben Munson | News | Comments

Verizon needs to raise $130 billion to fund its acquisition of Vodafone’s stake in Verizon Wireless and the carrier could be planning a huge $50 billion bond sale for part of the bill. The Financial Times [sub. req.] spoke with people familiar with the deal who see Verizon in the next few weeks selling bonds with maturities reaching up to 100 years.

With Vodafone Deal Done, Verizon Officially Passing on Canada

September 3, 2013 9:50 am | by Ben Munson | News | Comments

Bloomberg spoke with CEO Lowell McAdam and he confirmed Verizon would not be heading into the Great White North. As the same report points out, Canadian analysts are expecting a huge sigh of relief from big incumbent Canadian carriers Rogers, Telus and Bell to go along with big stock boosts for all three.

Verizon Reclaims US Wireless Stake for $130B

September 2, 2013 5:32 pm | by DANICA KIRKA and 
MAE ANDERSON, AP Business Writers | News | Comments

Verizon will own its wireless business outright after agreeing Monday to pay $130 billion for the 45 percent stake in Verizon Wireless owned by Vodafone. The buyout, the second-largest acquisition deal on record, would give Vodafone PLC additional cash to pursue its expansion ambitions in Europe. Those ambitions include its push to buy up other cellphone providers and to expand into the lucrative world of mobile services.

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Verizon’s Pursuit of Vodafone Stake Could Put Canada on the Back Burner

August 29, 2013 3:30 pm | by Ben Munson | News | Comments

With the valuation of Vodafone’s stake being floated around $130 billion, it’s lead many to believe Verizon might lack the extra funds to enter the Canadian market, whether via a spectrum buy or acquisition. As Barron’s points out, Verizon might see trying to break into Canada as an unneeded distraction from its higher-priority plans to secure Vodafone’s share of Verizon Wireless.

Verizon, Vodafone May Finally Make a Deal

August 29, 2013 9:39 am | by Andrew Berg | News | Comments

Vodafone has confirmed that it is in talks to sell Verizon its 45 percent stake in the Verizon Wireless joint venture. Vodafone cautioned, however, that a deal is not a certainty. Bloomberg reports that the carriers have valued Vodafone's share of the company at $130 billion

Vodafone Promotes Humm to Head of Europe Operations

August 1, 2013 9:40 am | by Andrew Berg | News | Comments

T-Mobile USA's ex-CEO Phiipp Humm has been promoted by new employer Vodafone amid a restructuring at the European carrier. Vodafone today announced that it will merge its Northern & Central Europe and Southern Europe regions into one Europe region and will report its Turkish operating company...

First News Briefs: AT&T, Sirius XM, RACO, Axiros, CommScope

July 17, 2013 10:29 am | by Wireless Week Staff | News | Comments

AT&T today announced an agreement with Sirius XM Radio to provide mobile connectivity to support a suite of security and additional services for Nissan automobiles in North America. SiriusXM will use the combination of satellite and cellular networks to expand features for customers.

Vodafone Annual Profits up 1.9 Percent

May 21, 2013 10:30 am | by Associated Press | News | Comments

U.K.-based mobile telecoms company Vodafone has reported a 1.9 increase in annual profits despite a slowdown in much of its European operations. It reported Tuesday net profits of 7.70 billion pounds ($11.665 billion) for the year ending March 2013 compared with 7.55 billion pounds the year before...

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VZW Makes $7 Billion Distribution

May 14, 2013 9:16 am | by Andrew Berg | News | Comments

Verizon Wireless today announced a $7 billion cash distribution to its owners, Vodafone and Verizon. The payment will be made on June 25 and will see Verizon getting $3.85 billion, while Vodafone will take $3.15 billion. The move comes after speculation...

Report: McAdam Hints at Withholding Vodafone Payments

May 3, 2013 10:25 am | by Andrew Berg | News | Comments

Verizon Wireless may be tightening the screws on Vodafone, in an effort to force the European carrier to sell off its 45 percent of the Verizon Wireless joint venture. According to a report from the Wall Street Journal, Verizon CEO Lowell McAdam hinted...

Report: Investors Pan Rumored $100B Verizon Bid for Vodafone's Share in VZW

April 29, 2013 10:12 am | by Andrew Berg | News | Comments

A Reuters report from Wednesday that claimed Verizon had hired advisers to prepare a $100 billion bid for Vodafone's 45 percent stake in Verizon Wireless was apparently credible enough to provoke a response from major Vodafone investors... 

Verizon Denies Vodafone Buyout Rumors

April 3, 2013 10:13 am | by Andrew Berg | News | Comments

Verizon today denied a Financial Times report that surfaced yesterday claiming the carrier is teaming up with AT&T on a possible buyout of Vodafone. A post on the Financial Times' Alaphaville blog yesterday cited "usually reliable people"...

Report: VZW, AT&T Crafting Bid to Buy Vodafone

April 2, 2013 10:31 am | by Andrew Berg | News | Comments

Talk of a joint Verizon, AT&T buyout of Vodafone today bumped shares of the European carrier 6 percent in early trading. According to a post from the Financial Times' Alaphaville blog that cites "usually reliable people," Verizon Communications and AT&T are mulling a breakup bid...

Telecom CEOs: US regulators better than Europe

February 25, 2013 10:08 am | by Peter Svensson, AP Technology Writer | News | Comments

The CEOs of AT&T, Vodafone and Telefonica — three of the world's largest cellphone companies — had some rare words of praise for U.S. regulators Monday, saying they're doing better than their European counterparts in promoting faster wireless data networks...

Vodafone CEO Open-Minded About VZW Options

February 22, 2013 9:51 am | by Andrew Berg | News | Comments

Vodafone CEO Vittorio Colao says he's unsure about the future ownership of Verizon Wireless, according to an interview published in the Wall Street Journal Friday. Colao said he has an "open mind" when it comes to the joint venture that is Verizon Wireless. Verizon Communications currently...

Nokia Protesting Indian Tax Investigation

February 12, 2013 11:08 am | by Ben Munson | News | Comments

Nokia is protesting an investigation into its tax payments in Indian. Reuters reports that Indian officials are looking into allegations that the Finnish handset maker skipped out on $558 million in taxes. The Reuters report adds that British mobile provider Vodafone is similarly under investigation and trying to settle a $2 billion tax dispute.

Vodafone Revenue Falls Amid Tougher Competition

February 7, 2013 9:36 am | by Associated Press | News | Comments

LONDON (AP) — Telecommunications company Vodafone says its revenue dropped 2 percent in the third quarter due to tougher competition, a weak economy, and regulatory changes at home and abroad. The company said that revenue in the quarter ending on Dec. 31 fell to 11.4 billion pounds ($17.4 billion).

Report: Verizon Buyout of Vodafone Possible

January 7, 2013 3:19 pm | by Andrew Berg | News | Comments

Verizon could own all of its Wireless business soon, if CEO Lowell McAdam has anything to say about it. McAdam told the Wall Street Journal Monday that Verizon is strong enough to buy Vodafone out of its stake in Verizon Wireless. Verizon entered into a joint venture with Vodafone...

Telefonica, Vodafone Join Forces in UK

June 7, 2012 7:22 am | by Andrew Berg | News | Comments

Telefónica UK and Vodafone UK have announced a plan to begin pooling the basic parts of their network infrastructure to create one national grid that runs each operator’s independent spectrum.

Fire Downs Vodafone Coverage in Parts of Netherlands

April 4, 2012 7:12 am | by The Associated Press | News | Comments

THE HAGUE, Netherlands (AP) — Vodafone says its customers in parts of the Netherlands have been left without cell phone or mobile Internet coverage due to a fire near one of the mobile provider's network centers.

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