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Time is right for Vodafone to sell out of Verizon joint venture – corporate
British telecoms company Vodafone has confirmed it is in talks with Verizon to sell its stake in…
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http://www.euronews.com/2013/08/29/time-is-right-for-vodafone-to-sell-out-of-verizon-joint-venture
British telecoms company Vodafone has confirmed it is in talks with Verizon to sell its stake in their US joint venture Verizon Wireless.
Reportedly the price would be around 130 billion dollars (98 billion euros).
Vodafone owns 45 percent of Verizon Wireless, which is the leader in the US mobile phone market.
With business waining in its core European markets, Vodafone has been looking to sell but said it would do that at the right time and for the right price.
Previously Verizon was reportedly looking to pay about 100 billion dollars.
The Wall Street Journal said significant shifts in financial markets, such as rising interest rates as well as changes in the US mobile phone business had brought the two sides closer together.
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In an interview with Euronews, Aadeel Akhtar, CEO and founder at Psyonic, a company manufacturing the world’s first touch-sensing bionic hand, shares his top tips for scaling up
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EU agriculture ministers to hold crucial talks ahead of possible Mercosur deal signing
With the European Commission expected to offer assurances to opponents worried about their farmers, the EU’s 27 ministers will meet on Wednesday for a “political” discussion before an expected vote on the pivotal trade deal on Friday.
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US and Iranian officials begin high-stakes peace talks in Pakistan to resolve war
Three party talks with the US, Iran and Pakistan have begun after a reduction in Israeli strikes on southern Lebanon and other preconditions being met, according to Iran’s IRNA news agency.
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European troops arrive in Greenland as US and Denmark talks fail to resolve dispute
The deployment was announced the same day the foreign ministers of Denmark and Greenland met with US Vice President JD Vance and Secretary of State Marco Rubio in Washington.
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Tech EU News
EU and Ukraine agree 10-point plan to speed up Kyiv’s accession bid despite Hungary’s veto
EU and Ukraine agree 10-point plan to speed up Kyiv’s accession bid despite Hungary’s veto
The European Union and Ukraine have drawn up a to-do list that will allow Kyiv to make technical progress on its bid to join the EU despite official talks being blocked by Hungary, saying EU accession is a “key element” of Ukraine’s security guarantees.
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