Monday, September 2, 2013

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Verizon, Vodafone split rumored to push through, announcement set for Monday
Sep 2nd 2013, 02:33, by Juan Carlos Torres

Verizon Communications and Vodafone are expected to make an announcement of what could be one of the biggest corporate deals of all time. The $130 billion deal will put a stop to the almost never-ending struggle for control over Verizon Wireless.

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Verizon Wireless is jointly owned by both Verizon Communications and UK-based Vodafone, with the latter owning a 45 percent stake in the mobile operator. In 2004, Vodafone was said to be in talks to buy AT&T’s mobile business which would force it to relinquish its hold on Verizon Wireless. But ever since negotiations fell through, Verizon has had on and off discussions with Vodafone in an attempt to gain full control, and keep all profits, of Verizon Wireless.

It seems that the stars have finally aligned and Verizon will be paying Vodafone $60 billion in cash, $60 billion in Verizon stock, and $10 billion for other smaller transactions. A top 10 Vodafone investor approves of this amount, praising Vodafone CEO Vittorio Colao for not giving in to public opinion and selling its stake years ago. Colao waited for the right time when the price would be attractive to its shareholders.

Neither camp has commented on the leaked information, but Vodafone’s board was said to have met on Sunday while Verizon’s board is set to meet early Monday. Once approved, the announcement is expected to be made after the stock market in London closes on Monday.

SOURCE: Reuters

Huawei Valiant lands on MetroPCS
Sep 2nd 2013, 01:37, by Juan Carlos Torres

Prepaid mobile service provider MetroPCS has just added the Huawei Valiant to its smartphone offerings. While the Android smartphone is nothing extraordinary, the budget price and freedom from contracts might be tempting to some consumers in the US.

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Near the end of July, T-Mobile, who owns MetroPCS, started pushing the carrier’s service into more markets across the country in what many see as a move to outpace rival AT&T. T-Mobile also announced that it will add new smartphones to MetroPCS’ catalog, starting with the LG Optimus F3. MetroPCS is now expanding its roster again with the Huawei Valiant.

The Huawei Valiant offers some very modest hardware and features. It sports a 1.0 Ghz Qualcomm processor, up to 1.9 GB of internal memory expandable to up to 32 GB with a microSD card. It has a 4-inch Gorilla Glass display with an unknown resolution and a 3 megapixel rear camera. It runs Android 4.1 Jelly Bean and carries a 1750 mAh battery which gives it a talk time of 10 hours and 560 hours on standby.

MetroPCS is listing the Valiant with a $79 price tag but is also offering unlimited Talk, Text, and Data plans with $40, $50, and $60 price tiers. All three plans include 4G coverage but would be useless on the Huawei Valiant as it does not support 4G networks.

SOURCE: MetroPCS
VIA: Phone Scoop

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