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Stock Market & Financial Investment News

News Breaks
May 20, 2014
05:50 EDTVODVodafone reports FY14 43.6B pounds vs. 44.4B pounds last year
Reports FY14 EBITDA 12.8B pounds vs. 13.6B pounds last year. The company announced impairments totaling 6.6B pounds in Germany, Spain, Portugal, Czech Republic and Romania. It said Mobile in-bundle revenue grew 7.8% in the year and Q4, and now represents 51% of Q4 Group mobile service revenue, and 61% in Europe.
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July 16, 2014
07:18 EDTVODVodafone head says unlikely interested in America Movil assets, Reuters says
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July 14, 2014
14:58 EDTVODKKR mulls sale of German telco Versatel, WSJ says
Private equity firm KKR (KKR) is thinking about selling its German telecommunications company Versatel GmbH, says the Wall Street Journal. If a sale process is initiated it may open the door to bids from UK's Vodafone (VOD) or potentially Telefónica (TEF), added the Wall Street Journal. Reference Link
08:32 EDTVODSynchronoss acquires Voxmobili for $26M in cash
Synchronoss (SNCR) announced its acquisition of Voxmobili, a wholly owned subsidiary of OnMobile Global. Voxmobili’s customers include AT&T (T), Airtel, Everything Everywhere, France Telecom, Orange (ORAN), T-Mobile (TMUS), and Vodafone (VOD). In consideration for the acquisition, Synchronoss paid approximately $26M in cash to OnMobile Global.

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