My guess is something on the PT balance sheet scares Colao / PT is dead money OR If PT doesn't have much of target assets (fiber) in Portugal as a whole, then there isn't much of a reason to buy PT when you can cost share the target asset of fiber. I don't know as I haven't explored PT financials but this agreement might be more a positioning for the catalyst to get through local regulators stifling VOD fiber deployments. Sometimes red tape can magically disappear for the right people. PT might be in a better position to bust through red tape than if VOD bought them out. Just some thoughts.
Remember Colao made the comment "“If smaller cable companies were available for sale we would look at them,” Colao, 52, said in an interview after attending an event in Lisbon. “If they are not available for sale, we’ll build fiber in their areas and then we will see.” Bloomberg March 26, 2014 from the article titled " Vodafone Open to Acquisitions in Portugal, CEO Colao Says". I'd guess PT figured out really quick they should work with Vodafone instead of against. Takeover could still be in the works for all we know.
KKR Set To Report Earnings: Why I'm Bullish
Jul. 21, 2014 6:42 AM ET
KKR (NYSE:KKR), one of the leading alternative asset managers, is set to report earnings next week. As shown by the chart below, KKR shares have moved only slightly higher so far in 2014. I believe earnings are a potential catalyst to send shares of KKR surging above the stocks all time high of $26.50.
I believe that KKR is poised to move to new all time highs following the company's second quarter earnings results. Strong results from private equity segments for both Goldman Sachs and Blackstone leads me to believe that KKR's private equity segment will report strong numbers. KKR stock is poised to benefit because the company is highly leveraged to its private equity segment. Finally, KKR shares have not moved sharply higher in anticipation of second quarter earnings and the stock is not expensive relative to peers. Leon Cooperman's endorsement is another reason why I am positive on KKR. To express my bullish view, I have purchased August 26 strike call options on KKR. While I am long via calls, I also believe simply buying KKR shares outright is a good way to express a bullish view.
Sentiment: Strong Sell
PT has market cap under 3 billion with a NAV under $3 along with being under.........financial stress.
Why wouldn't VOD just buy the company with VZ money. PT looks cheap, fits the Euro plan and has zero leverage currently. VOD, why don't you buy the whole thing.................for peanuts.
Vodafone Group announces that Vodafone Portugal and Portugal Telecom have signed an agreement to deploy and share fibre networks reaching 900,000 homes in Portugal.
The agreement, which commences in December 2014 and runs for 25 years, will enable each company to offer high-speed data services to an additional 450,000 homes and businesses throughout Portugal.The agreement complements Vodafone Portugal's unified communication strategy and current fibre-to-the-home deployment programme, which aims to reach 1.5 million homes by mid-2015 and is ahead of schedule having already reached the 1 million mark. The access provided by the Portugal Telecom agreement brings significant "time to market" benefits and will enable Vodafone Portugal to offer high-speed broadband, fixed telephony and television services to almost 2 million homes by the end of 2015.
Both Vodafone Portugal and Portugal Telecom will maintain complete autonomy and flexibility in designing their respective retail offers under the agreement. Philipp Humm, Vodafone's CEO of Europe, said "this fibre sharing agreement is significant as it accelerates our fibre-to-the-home roll-out plans and enables us to bring converged products and services to almost half a million more homes and businesses across Portugal." Vodafone Portugal has over 5.4 million mobile customers and around 240,000 fixed broadband customers, of whom approximately 190,000 are television customers.
Very far-there's a dummy in the White House. BUY KKR. It's up over $2 since the last time I told you to buy it and it's dividend is very safe at 7%. Dummies.
Sentiment: Strong Sell
I just started watching VOD. Can someone bring me up to speed on why such swings in dividend rates and it appears they only pay dividends twice a year June and Nov.? 7.6% dividend is attractive. thx
Legacy copper puts Slim in the converging communications driver's seat with G.fast. Notice Slim renounced the rights to purchase Dish Mexico but in the same announcements discussed they will apply for a TV license and will enter the triple play market? Colao isn't so ignorant to enter such a disadvantaged position he just bought his way out of in European communications by purchasing KD and Ono.
Will repeat, Fiber/fiber hybrids are the future. G.fast cost advantages put a new fiber entrant in a backseat position to legacy copper owners. Slim might be selling off a lot of his mobile but the copper not so much. His growth for the future is triple bundled play putting a thump on Televisa's monopoly in Mexico TV market.
I don't expect as much near term unless the IMF wins its lobbying case presented to Draghi. The IMF push for EU QE. You see EU QE happen AND the £ continue its march to 1.84 by EOY, then fully expect $40 and above. $45 possible. Watch Draghi for possible QE as well as a Bank of England rate hike. Stephenson's opportunity then slips away in earnest.
(Reuters) - Britain's Vodafone said it was unlikely to be interested in telecom assets being put up for sale in Mexico by tycoon Carlos Slim's America Movil since a deal would not fit with its focus on the corporate market in Latin America. America Movil has pledged to sell unspecified assets, which analysts say could include mobile subscribers and spectrum, to cut its market share in Mexico below 50 percent and escape tougher regulations. Slim said in an interview with Reuters last week that the group would aim to sell an "attractive" cross-section of the company to attract a buyer that was not already present in Mexico. The announcement has set off speculation as to which global telecom companies might make a move into Mexico, with analysts listing AT&T and Vodafone as possible contenders. Asked if Vodafone was looking at Mexico, Chief Executive Vittorio Colao told Reuters at an event late on Tuesday: "I doubt it to be honest; it's not an area we're working on". "We are going into new areas of the world, but just to serve our enterprise customers," said Colao, referring to Vodafone's business selling communication services such as cloud computing and global mobile plans to multi-national corporations. Colao said the business model in Vodafone's enterprise unit was to partner with local carriers in markets where the company was not present, or to rent space on a local network. Vodafone, the world's second-largest mobile operator, owns its own networks across Europe where its biggest market is Germany, as well as emerging markets, but has not traditionally been a player in Latin America. "I have to put my money into India, into Europe and into Africa. That is where the money is going," said Colao.
Sentiment: Strong Buy
Go Go Go Baby VOD
40+ coming Shorters eat your heart out.
Maybe even a take over by T or another. India 1 Billion future users WOW
"why do they waste so much time?" Because he's a Motley Fool.
Sentiment: Strong Buy