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Vodafone to Spend Verizon Dividend on Business

Vodafone Group said Tuesday it will keep the $3.15 billion dividend payment it will receive from Verizon Wireless and plow it into its flagging operations in Europe, which weighed heavily on the mobile giant’s full-year profit.

News Byte

Verizon Wireless Plans $7 Billion Dividend to Parent Companies

Verizon Wireless said on Monday it plans to pay out $7 billion to its two owners — Verizon Communications, which owns 55 percent of the venture, and Vodafone, which owns 45 percent. The move comes amid renewed talk that Verizon Communications might be interested in buying out its joint venture partner.

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Verizon Price Gap: $30 Billion

Verizon Communications Inc. is eager to buy Vodafone Group PLC out of their massive mobile-phone joint venture — but it will have to get over a $30 billion hurdle.

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Verizon’s Profit Rises 16 Percent as Margins Improve

Verizon reported a profit of $1.95 billion, or 68 cents a share, up from $1.69 billion, or 59 cents a share, a year earlier. Revenue jumped 4.2 percent to $29.42 billion.

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Vodafone CEO Leaves Options Open on Verizon

Vittorio Colao, chief executive of Vodafone Group, left the door open to the possibility of a near-term deal that would change the ownership of one of the most closely watched partnerships in the telecom industry: Mobile-phone giant Verizon Wireless.

Vodafone Warns Its iPhone 4S Customers Not to Upgrade to iOS 6.1

An issue with the latest Apple software is causing some customers on 3G networks to experience problems making calls, sending texts and accessing the Internet.
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Verizon Profits Up on Surge in Wireless Subscriptions

A million more new wireless subscriptions than a year ago.
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Softbank in Advanced Talks to Acquire Sprint Nextel

Japanese mobile carrier Softbank Corp. is in advanced talks to buy U.S. operator Sprint Nextel Corp. in a deal expected to exceed ¥1 trillion ($12.81 billion) in value, a person with knowledge of the negotiations said Thursday.

News Byte

Square Acquires New York Design Firm 80/20

San Francisco-based Square has always said that the look and feel of its products will be an important element in changing the way people pay. In keeping with that emphasis, it is acquiring New York design firm 80/20, according to an announcement today on 80/20’s Web site. “Square shares our passion for using technology and design to improve people’s lives,” the company said. Terms of the deal were not disclosed. The roughly 12-person design firm’s portfolio includes user interface design for Vodafone, Verizon and Motorola.

Vodafone Names Former T-Mobile USA Head Humm as Regional CEO

The move comes a day after Humm stepped down as head of the No. 4 U.S. carrier.
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IPhone Exclusivity Ending in Germany

iPhone Strains O2′s London Network