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Jennifer Lopez to open cellphone stores aimed at Latinos, selling Verizon service

NEW YORK, N.Y. - "Jenny from the Block" wants the block to buy Verizon phones from her. Singer and actress Jennifer Lopez on Wednesday announced she's opening a chain of 15 cellphone stores and a website under the Viva Movil brand. The aim is to sell Verizon phones and services to Latinos. The first store will open in New York on June 15, with others following in Los Angeles and Miami. The stores will have bilingual staff and provide a "culturally relevant shopping experience," Viva Movil said.

Verizon Wireless to pay its parents $7 billion dividend

(Reuters) - Verizon Wireless, the biggest U.S. mobile service provider, said on Monday it would pay its parents Verizon Communications and Vodafone Group Plc a dividend of $7 billion in June. The dividend comes amid mounting speculation Verizon could buy Vodafone's stake in the venture if they can agree on a price. Reuters reported on April 24 that Verizon was preparing a $100 billion bid for the stake.

BCE profit rises 6.6% to $556M in Q1; revenue almost unchanged at $4.34B

MONTREAL - BCE Inc. (TSX:BCE) has reported at 6.6 per cent increase in net earnings in the first quarter, although revenue remained almost unchanged year over year. Canada's largest communications company says net earnings attributable to common shareholders were $566 million or 73 cents per share, up from $531 million or 69 cents in the same 2012 period. Revenue rose to $4.34 billion from $4.33 billion, a 0.3 per cent increase driven mainly by a 1.3 per cent increase in wireless, TV, Internet, media and business services such as data hosting and cloud computing.

Verizon says will not pay a premium for Vodafone stake - analyst

LONDON (Reuters) - Verizon Communications <VZ.N> would like to buy out Vodafone <VOD.L> from their Wireless joint venture but will not do so at any cost, its chief executive has told JP Morgan analysts, In a note to clients, analyst Philip Cusick said Verizon boss Lowell McAdam had said he did not believe a premium would be required to buy Vodafone's 45 percent stake in the highly successful Verizon Wireless business, because Verizon already had control through its 55 percent holding.

Some Verizon investors OK with paying premium for Vodafone stake

By Sinead Carew and Kate Holton NEW YORK/LONDON (Reuters) - Some shareholders of Verizon Communications Inc say they could be happy for the company to pay up to $130 billion for Vodafone Group Plc's stake in their U.S. wireless venture. Reuters reported last week that Verizon had hired advisers to prepare a $100 billion cash-and-stock bid for Vodafone's 45 percent stake in Verizon Wireless, though several major Vodafone investors have said that figure is inadequate.

Exclusive - Verizon eyes roughly $100 billion bid for Vodafone's wireless stake

By Soyoung Kim and Kate Holton NEW YORK/LONDON (Reuters) - Verizon Communications Inc has hired advisers to prepare a possible $100 billion (64 billion pounds) bid to take full control of Verizon Wireless from its partner Vodafone Group Plc, two people familiar with the matter said.

AT&T revenue disappoints as it loses cellphone subscribers

By Sinead Carew NEW YORK (Reuters) - AT&T Inc reported a net loss of cellphone subscribers in the first quarter as it lost market share to bigger rival Verizon Wireless, sending its shares down about 2 percent. As a result AT&T's revenue missed Wall Street expectations as its subscriber growth was driven by tablet computer users who pay lower monthly fees than phone users.

Dish makes national security argument for Sprint offer

WASHINGTON (Reuters) - Dish Network Corp is asking U.S. regulators to suspend the review of the proposed acquisition of Sprint Nextel Corp to Japan's SoftBank Corp, saying its own counter-bid would be preferable for U.S. national security reasons. Dish in the past has asked the Federal Communications Commission for such a suspension, but in a filing posted online on Thursday, the satellite TV provider reinforced the request with arguments promoting its own, unsolicited $25.5 billion (16.6 billion pounds) bid made for Sprint on Monday.

Verizon beats estimates and raises Vodafone pressure

By Sinead Carew (Reuters) - Verizon Communications Inc posted a higher-than-expected quarterly profit on the performance of its wireless business, which reined in costs without slowing growth. Verizon also ramped up the pressure on Vodafone Group Plc, which owns 45 percent of the Verizon Wireless unit. Verizon has been seeking to buy that stake and take full control of the top U.S. mobile company.

Verizon denies bid with AT

US operator Verizon has denied speculation it was preparing a joint bid with AT&T to buy out British mobile phone giant Vodafone and divide up its assets between them. "As Verizon has said many times, it would be a willing purchaser of the 45 percent stake that Vodafone holds in Verizon Wireless. "It does not, however, currently have any intention to merge with or make an offer for Vodafone, whether alone or in conjunction with others," Verizon said in a statement filed Tuesday with the Securities and Exchange Commission.
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