Mon Mar 13, 2006 12:55 pm
Verizon Communications has informally approached Vodafone Group to purchase the company's 45 percent stake in Verizon Wireless. Under pressure amid AT&T's buyout of BellSouth for complete control of Cingular, Verizon has offered $40 billion to acquire the remaining shares.
"We have made our interest in acquiring Vodafone's stake in Verizon Wireless clear," a Verizon source said. "The ball is now in Vodafone's court."
If approved by regulators, the combined Verizon would become the country's largest telecom company, with plans to challenge cable and satellite companies in offering bundles of phone, Internet, and video services.
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| 1. Posted by H82typ |
Tue Mar 14, 2006 2:31 am |
Ooooh! I'm just waiting... NOT! AT&T already has that. Now,if they would get rid of the *Cingular* name...
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| 2. Posted by GSMDude |
Tue Mar 21, 2006 5:12 pm |
Wireless companies are going to have to merge with landline, cable, and internet. Studies have shown consumers want a complete package with one provider for all their media. This is just the beginning.
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| 3. Posted by VZWprincess |
Wed Mar 22, 2006 1:58 pm |
cingular is going to change the name back to at&t
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