So proceeds going to shareholder? Where is balance of $ destination?
About enough to extinguish debt and sell the stub to T. If they are dumping the bulk of money to shareholders then it is apparent to me they aren't going on a growth plan. They are positioning for sale to T. Hold on.
Per CNBC...The majority, or 71 percent, of the deal's proceeds, however, will be handed back to shareholders. The company plans to return $84 billion in cash and shares to shareholders. That is $84B.
Per CNBC...The balance, will be invested in infrastructure in existing markets to expand 4G and broadband. But even the spending 21 percent is large enough to strengthen the company and to allow us to accelerate our strategy," Colao said.
Don't forget VZ stock to shareholders as well. Some cash to reduce debt and 9B for the infrastructure buildout to accelerate 4G build out....which is what T wants to do in EU. VOD has primed themselves for the stub takeover. JMO, a T deal is announced before VZW sale proceeds are disbursed which will spell out the +$50 print WITHIN next 30-60 days.
Actually I was thinking the same thing since they are giving the shareholders so much. They cannot use it if they plan on letting T purchase them and they certainly cannot give cash and stock to T. Looks like stud time will be coming to Betting My Bundle.
I should send a bill to BKB for stud fees on his old mare. All things aside, I have enjoyed the great conversations with Betting_my_bundle a/k/a Buzz_Kill_Bundle, Nigel, your occasional contributions, and even our contrarian resident Buffet_Munger. We had a good although often desolate message board the past handful of months since I showed up here.
The T climax comes about within next 30-60 days will force me to go on the hunt again. Maybe BKB will have some ideas....