tag:blogger.com,1999:blog-4815867514277794362.post693432153522784047..comments2024-03-08T06:18:28.125+11:00Comments on Bronte Capital: Vodafone news of the dayJohn Hemptonhttp://www.blogger.com/profile/03766274392122783128noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-4815867514277794362.post-76998162386246213712013-04-12T05:57:07.255+10:002013-04-12T05:57:07.255+10:00Spin off Verizon Wireless to VZ and VOD shareholde...Spin off Verizon Wireless to VZ and VOD shareholders, and list it independently. Tax free in both US and UK, plus an independent valuation for the best business. <br /><br />Of course, it requires that VZ and VOD cooperate.Unknownhttps://www.blogger.com/profile/09649913697288368050noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-71199543484108881922013-04-03T01:44:36.620+11:002013-04-03T01:44:36.620+11:00Wow. Does AT&T management read this blog?Wow. Does AT&T management read this blog?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-68572192504173665612013-04-01T21:00:36.519+11:002013-04-01T21:00:36.519+11:00Here's a thought - you should push the Russian...Here's a thought - you should push the Russians who formerly had joint ownership of TNK-BP to get involved / buy out Vodafone. They have a history of negotiating hard with JV partners, as well as dealing with complicated asset structures. And they're flush with cash....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-31678185460602597032013-03-27T06:14:18.683+11:002013-03-27T06:14:18.683+11:00I would have thought you could carve Vodafone into...I would have thought you could carve Vodafone into two corporations on a tax free basis and then amalgamate the Verizon piece with Verizon on a tax free basis.<br /><br />As for buying off management - I'm all for it. It would have been cheaper to "buy off" Saddam Hussein than it was to invade Iraq. It would have been cheaper to "buy off" the North Vietnamese leadership than it was to fight the Vietnam War.Absalonhttps://www.blogger.com/profile/09131268683451462949noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-37784333707134568612013-03-27T02:08:53.361+11:002013-03-27T02:08:53.361+11:00Spinning off Verizon to shareholders seems like ea...Spinning off Verizon to shareholders seems like easiest solutionAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-59185820649041076202013-03-27T00:06:16.678+11:002013-03-27T00:06:16.678+11:00Is there a rule against acquiring Vodafone while i...Is there a rule against acquiring Vodafone while including a spinoff clause in the merger agreement? They could guarantee Colao would remain as Vodafone CEO through the changes and spin it off a set period later.Jordanhttps://www.blogger.com/profile/07804768968166717694noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-15684809635017629312013-03-26T15:51:33.902+11:002013-03-26T15:51:33.902+11:00Don't you think VZ has an equally strong need ...Don't you think VZ has an equally strong need for a deal? $8bn pa in minority leakage to fund its own not especially well covered dividend, a wireline business which constantly disappoints and also carries an $8.5bn unfunded pension + $24bn healthcare liab. Buying VOD and later spinning off international is a way of dealing with these, get 100pct of a great business cheaply, as well as hugely accretive, etc. <br /><br />Stir them up as much as you like, but VOD mgt knows well that a merger is the only endgame. Financially they can easily be settled with tiny fractions of the numbers you are talking...<br /><br />Why is the debate not simply what is VZ mgt waiting for? And why are they considering Europe to be an impediment to a deal?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-20763190258080126572013-03-26T12:30:24.379+11:002013-03-26T12:30:24.379+11:00Hey - why pay off these clowns? Why not just vote ...Hey - why pay off these clowns? Why not just vote 'em out of office?! Launch a campaign to do just that. You get my backing.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-65757045402247628082013-03-26T02:37:59.365+11:002013-03-26T02:37:59.365+11:00Sounds like you just finished reading this: http:/...Sounds like you just finished reading this: http://www.vanityfair.com/society/2013/04/mysterious-residents-one-hyde-park-londonJacobnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-63567881902773664182013-03-26T00:01:11.284+11:002013-03-26T00:01:11.284+11:00I agree that Verizon Management have no interest i...I agree that Verizon Management have no interest in owning said assets.<br /><br />But the lack of interest is not worth 20 billion dollars.<br /><br />And after a few years they can spin out the said assets if they want.<br /><br />20 billion dollars of tax avoided should overcome most objections.John Hemptonhttps://www.blogger.com/profile/03766274392122783128noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-89080313298379765752013-03-25T23:40:52.348+11:002013-03-25T23:40:52.348+11:00Isn't part of the issue here that Verizon'...Isn't part of the issue here that Verizon's management have no interest in owning a ragbag of non-market-leading mobile operators in Europe, India and Australasia?john bhttps://www.blogger.com/profile/13784096180652522939noreply@blogger.com