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Verizon shareholders OK $130 billion deal for Vodafone's stake in Verizon's wireless division

NEW YORK, N.Y. - Verizon says its shareholders have approved its $130 billion deal to buy the 45 per cent 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.

Growth to fuel 2014 jump in UK company cash calls: study

By Simon Jessop LONDON (Reuters) - The number of UK companies that ask shareholders for more money is set to rise by almost a third in 2014 as a brighter economic outlook encourages more firms to expand their operations. That continues a trend seen this year, a study by Capita Asset Services found, with the number of so-called 'cash calls' at the highest level since 2010, when most such requests were from banks looking to plug holes in their balance sheets.

Flush with money after Verizon sale, Vodafone bolsters investment in Europe, emerging markets

LONDON - With a cash infusion coming soon from the sale of its U.S. business, British cellphone company Vodafone on Tuesday shot down speculation it might go "shopping" for new acquisitions, saying it would focus on investing in its networks in European and emerging markets. Vodafone agreed this year to sell its 45 per cent stake in U.S. mobile operator Verizon Communications Inc. to Verizon for $130 billion in a landmark cash and stock purchase— one of the biggest corporate deals in history.

Vodafone to invest 7 billion pounds as trading slumps

LONDON (Reuters) - Britain's Vodafone <VOD.L> plans to spend 7 billion pounds on its networks following the sale of its U.S. business, ramping up investment after it posted a record fall in quarterly organic service revenue. The world's second-largest mobile operator, which agreed a deal in September to sell its U.S. arm to Verizon Communications <VZ.N> for $130 billion, said it would spend 7 billion pounds ($11.2 billion) by March 2016 to improve its networks in a bid to set it apart from rivals.

Vodafone surges back into net profit in first half

British mobile phone giant Vodafone said Tuesday that it surged back into first-half profit on a huge taxation credit, and pledged to invest after the sale of its US division. Earnings after taxation stood at £17.95 billion ($28.6 billion, 21.4 billion euros) in the six months to September 30, boosted by a tax credit of almost £15 billion, it said in a results statement. Vodafone had suffered a net loss of £1.98 billion in the same part of the previous fiscal year, when the group was rocked by impairment charges in indebted eurozone nations Spain and Italy.

As confidence grows in global economy, survey sees pick-up in M&A over the coming year

LONDON - Growing optimism over the global economy is likely to lead to a marked pick-up in the number of mergers and acquisitions over the coming months, a survey of executives found Monday. In its half-yearly report into the M "All of this is underpinned by growing confidence in a global economy on sounder footing — improving economic conditions in mature economies and more stabilization in the major emerging markets," said Pip McCrostie, Ernst

Spain's mobile market shows signs of further recovery in August

By Clare Kane MADRID (Reuters) - The number of mobile phone connections in Spain increased for a fourth straight month in August, data published on Tuesday showed, marking a tentative recovery after two years of client losses.

Vodafone says takeover for Kabel Deutschland, Germany's largest cable operator, is complete

LONDON - British telecoms firm Vodafone says it has completed its 7.7 billion-euro ($10 billion) takeover of Germany's biggest cable operator, Kabel Deutschland. Vodafone, one of the world's largest cellphone companies, said in a statement Monday that it now holds just over 76 per cent of Kabel Deutschland Holding AG. The acquisition marks a major step for Vodafone in its goal of dominating media services in Europe, its biggest market.

EU antitrust watchdog clears Vodafone's $10 billion takeover of German cable operator

BRUSSELS - 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 they might gain price-setting dominance in their markets.

Verizon sells $49B worth of bonds in largest sale ever; will help pay for wireless business

NEW YORK, N.Y. - Verizon raised $49 billion on Wednesday in the largest corporate bond deal ever. The sale dwarfs the previous record, Apple's sale of $17 billion in bonds in April, and proceeds from the sale on Wednesday will help Verizon buy the rest of its U.S. wireless business from partner Vodafone. That $130 billion buyout of Vodafone is expected to rank as the second-largest deal when completed. Along with the money from its bond sale, Verizon will use cash and stock to pay for the buyout.
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