Sesha Utters

Blog of a Shiznit

Posts Tagged ‘Vodafone’

The Biggest Telecom deal Ever Made-Vodafone to buy Alltel 28M(USD)

Posted by seshdotcom on June 9, 2008

On Thursday in a press meeting Verizon said that it would buy Alltel for $28.1 billion,including 22.1$ in debt,Verizon Wireless Said that the Equity value of the deal would be $5.9 billion,VERIZON WIRELESS is a Service Provider company in which 55% of the Shares are owned by Verizon and 45% of the Shares are Owned by Vodafone Group…The Alltel company was actually owned by TPG Capital Group and Goldman Sachs(GS) and they made the deal for 27.5 Billion USD…
THIS ACQUISTION WOULD BE THE BIGGEST TELECOM DEAL SINCE AT&T Mobility bought Bellsouth in 2006..And if this deal is completed Successfully then VERIZON/VODAFONE will have the 67.2 Million customers and will become the Largest Wireless Carrier

THANKS:Business India

Posted in Business/economics | Tagged: , , , | 4 Comments »

Arun Sarin Surprises Universe

Posted by seshdotcom on May 23, 2008

The Brigadier of Telecom SectorArun Sarin the CEO of the VODAFONE has a customary of surprising people time and again.Today the element of surprise is GUESS??????->Sarin Announced that he is stepping down as the CEO of Vodafone on July 29th..In a Press conference held Sarin told the reporters “I have Achieved what I set out to achieve and it has been a Privielege to be here for 5 yrs now the company is well positioned Strategically”..When asked what next??? Arun told that he has decided to spend time with his family.Vittorio Colao who is said to be Sarin’s successor said that it is GREAT CHALLENGE to FOLLOW SARIN

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