Tag archive: verizon communications inc

2009 was a bad year for many businesses with cost cutting measures resulting in significant layoffs for many of the largest tech firms in the world. The economy is starting to come back, but despite the slight rebound, many companies are not expecting a boom in 2010. Verizon Communications reported its Q4 earnings this week and overall they were what analysts expected.

Verizon Communications Inc. has agreed to acquire MCI Corp. for more than $6.7 billion in a deal that snatches the once-troubled long-distance provider away from a rival bid and represents the thirdbig telephone industry merger in two months. Under terms of the deal, Verizon will pay $5.3 billion in stock and cash for MCI's shares. In addition, Verizon will pay MCI shareholders dividends of worth $1.463 billion. Verizon is also… Read More

“Verizon Communications Inc., the nation's biggest phone company, has reportedly won the support of its wireless partner, Vodafone Group PLC, should it decide to make a bid for Sprint Corp., the third-biggest U.S. long-distance phone company. The Wall Street Journal cited unidentified people familiar with the situation for its report on Verizon's moves, which come even as Sprint is reportedly near a $35 billion deal to… Read More

The Wall Street Journal is reporting that Vodafone Group's plans to bid on AT&T Wireless Services Inc. could be on hold because Vodafone is now considering a much larger deal to acquire Verizon Communications Inc. The deal would be a hostile takeover bid which could cost Vodafone $150 billion.