This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

The Deal: Vodafone Starts New Chapter After Verizon Deal

Vodafone's Colao has also already sealed a ¿7.7 billion ($10.1 billion) agreement for German cable company Kabel Deutschland Holding and last year bought both Cable & Wireless Worldwide in the U.K. and Testra in New Zealand.

He's also clearly interested in Asia -- and analysts say Africa can't be far behind. The company recently increased its 42% stake in its Indian Vodafone Essar Ltd. venture to 75% by buying out Essar Group for $5 billion.

In addition to acquisitions, Colao said Monday he will speed investments in the company's European network. In a push dubbed Project Spring, the company will invest £6 billion in upgrading its 4G networks in Germany and the U.K. It will also rollout 3G networks in secondary European markets.

"The plan is to spend over three years," he said.

As part of the Verizon deal, Vodafone is also buying a 23.1% stake in its Vodafone Italia business, formally known as Vodafone Omnitel NV, back from Verizon for $3.5 billion.

Some analysts have speculated that unloading its largest asset could make Vodafone itself a target -- AT&T (T) was reportedly interested in the company earlier this year but Colao said he saw no need to worry about a potential bid.

Vodafone shares closed 5%, or 10.70 pence, lower Tuesday at 202.50 pence after the stock gained 3% on Monday in London trading.

--Written by Andrew Bulkeley In Berlin

Stock quotes in this article: VZ, VOD, T 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,501.65 0.00 0.00%
S&P 500 1,878.61 +3.22 0.17%
NASDAQ 4,148.3380 +21.3710 0.52%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs