I understand that Verizon would get the 45% ownership that Vodafone has today, but exactly what would Verizon be getting besides the ownership of Vodafone piece? Are they gettomg a customer base? Are they getting assests, or is it just a buyout of the 45% of the ownership they dont have now?
customer base is what it is ... it belongs to VZW , not VZ ... aside from that .. VZW would lose the preferred
shares payouts that are going to VOD , VZ would also collect the obscene amount of cash flow generated
by VZW , which currently goes to VOD ...
now that the bulk of capex has been paid for by VZW and should be expected to decrease over the
next few years , free cash flow will increase dramatically
also , far fewer shares will be needed for the stock portion of a deal , as the result of exploding share price
of VZ ..
the timing is great at this point ....