in 2006 deal was being made of 35 billion us dollars and in 2013 it is being considered by analysts for 100- 135 billion us dollars. Is it too much stretch of imagination to believe that this asset under the circumstaces of growing indusry and in a politically stable superpower with rule of law will be 3 times the present value in next 7 years. for vod to find growth in unstable countries where they change the rule book in less time than i can type it on this message board looks more like a mirage to me than money making machine like the vzw share of vod is. for me keeping things simple is important and fits my country boy upbringing
"for vod to find growth in unstable countries where they change the rule book in less time than i can type it on this message board looks more like a mirage to me"
Boston, I don't know about you, but I think the "rule book" changes very frequently here in the US. In fact, it seems the rules affecting a very large part of the US economy are constantly changing! Industries with major changes include healthcare, financial and energy, and aggressive environmental, labor and consumer regulations are noteworthy. Whether a big or small business, it's tough to run or plan when rules and regulations are constantly being changed, written, or delayed. No wonder the US suffers from weak GDP growth and high unemployment. Despite the Fed doing its best with monetary policy, it can not reverse very bad fiscal and regulatory policies.
While the US may be relatively "safe," longer term real growth will be in the emerging markets. There are also opportunities to modernize and benefit from a rebound in a depressed EU. The US telecom market is very mature, with slowing growth and increasing competition. If you want US exposure, VZ or T or others are the better way to go. If you want non-US exposure, including "risky" EM growth, then VOD should be a better way to go. VOD's plan is to divest in its minority stakes, including VZW, and invest in the EU and EM. For those that don't like their plan, there are many other ways to invest in the sector.
vz and t are way too expensive compared to vod. vz and t have too much cumbersome legacy baggage. if vz could grow organically without vzw they would except they can not and that is why they are desperate to put their hands on vod share of vzw because that is where the growth is and that is where the future is.