Verizon borrows $49,000,000,000 in just one day September 11, 2013 TELECOMS giant Verizon borrowed a record $49bn (£31bn) from the bond markets yesterday – an astonishing sum that is larger than the economies of more than 90 countries. The debt deal, which was so large that it took even Wall Street by surprise, will be used to finance the company’s $130bn purchase of Vodafone’s [...]
Verizon plans bond to finance Vodafone deal September 8, 2013 VERIZON could begin marketing the sale of up to $25bn (£16bn) in new bonds this week as part of its efforts to finance the purchase of Vodafone’s stake in Verizon Wireless. Verizon last week agreed to buy Vodafone’s 45 per cent stake in Verizon Wireless for $130bn, half of which will be financed by $61bn [...]
Vodafone isn’t avoiding UK tax on the sale of its stake in Verizon Wireless September 3, 2013 THE screams of rage, as the statists realise they’re not going to get any money from the sale of Vodafone’s stake in Verizon Wireless, have become deafening. We’ve even seen UKUncut insist quite seriously that £84bn of tax is being avoided (£84bn is the total transaction size, not the profit or the tax). But the [...]
Vodafone confident tax won’t halt $100bn Verizon deal August 29, 2013 VODAFONE is confident tax issues will not stand in the way of any multi-billion dollar deal it agrees with Verizon to offload its shareholding in its US counterpart. Earlier this year there had been suggestions that a massive tax bill, perhaps as high as $40bn (£25.8bn), could prevent a deal between the two mobile telecoms [...]