Vodafone said to seek Japan deal

Article Abstract:

Vodafone Group is negotiating with Japan Telecom to acquire a 15% stake for $2.5 bil. in The shares would be bought from West Japan Railway and Central Japan Railway. Japan Telecom is 20% owned by rival British Telecommunications and 10% by AT&T Corp. AT&T plans to sell its stake in a deal where NTT DoCoMo will invest in 16% of AT&T Wireless. Vodafone has a $19.7 bil war chest from the sale of Orange. Getting the initial 15% stake could open the door for buying AT&T's 10% holding as well.

Parent-to-subsidiary activities, Subsidiary-to-parent activities, Statistical Data Included, Company investment, Investments, Company securities

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Vodafone set to lift stake in Japanese phone giant

Article Abstract:

The Vodafone Group may be close to closing a deal where it will gain a controlling stake in Japan Telecom, raising its stake from 45 percent to over 60 percent. It is negotiating to buy East Japan Railway's 15.2 percent stake. If this happens, it is anticipated that Vodafone would concentrate on Japan Telecom's wireless operations and sell off its fixed-line unit.

Mergers, acquisitions and divestments, Company acquisition/merger, Growth, Company growth, East Japan Railway Co.

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Despite profit from cellphones, Vodafone reports a loss; as mobile operators like Vodafone scale back, equipment makers feel a pinch

Article Abstract:

Vodafone Group PLC has released its earnings report for the six-month period ending Sep. 30, 2001. Despite the profitability of its cellular telephone services business, charges and overvalued-asset write-downs caused the company to lose $14.1 billion or 9.7 billion pounds sterling. Last year's loss for the same period was 4.8 billion pounds sterling. Many write-downs were caused by the devaluation of telecommunication assets purchased during the boom times.

Sales, profits & dividends, Finance, Company sales and earnings, Company earnings/profit

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