February 17, 2004

networkOperators--;

As reported at CBS Marketwatch — “Cingular to acquire AT&T Wireless
Paying $15 a share, U.S. carrier outlasts U.K.’s Vodafone”. Looks like Vodafone is the winner here — weaken a competitor to the tune of $11bn without any real effort. The big question is what does a hungry Vodafone do next?

Posted by Martin Geddes at 09:55 AM
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Comments

Have you seen The Economist this week? They reckoned that bidding on ATTWS was going to destroy shareholder value and that a hostile bid for the whole of Verizon is the most likely next outcome.

Posted by: at February 17, 2004 10:33 AM

What are the odds Voda will take a run a PCS?

-Curious

Posted by: at February 18, 2004 05:25 PM

Any odds on Voda taking a run at PCS?

Posted by: at February 18, 2004 05:25 PM

The choices for odds are "slim" and "none", and one just left town.

The WSJ story is just bullshit. Vodafone is going to sit tight.

There's no new riff between VZ and VOD, and people misinterpret VOD's agressive bidding for AWE, the bids were inspired by VZ's own desire to have 100% of VZW. VOD was going to get a nice premium to exit.

But in the end "desperation" won, bfd.

VOD can now go back to collecting its $1B annual dividend from VZW and conquer something else.

The interesting point about PCS, is what will happen just before the 1xEV-DV upgrade cycle. ie. Can they afford it?

Sprint PCS' destiny is to serve the least valuable segments of wireless(as it already does), and to survive at that, they must make cost-cutting a religion.

That, or hire new MGT.

Posted by: at February 18, 2004 05:44 PM
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