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The impact of the FCC’s 700 MHz auction is amazing. I mean, who would have ever thought that the results of FCC auction could have an impact on the stockholders of Vodafone? Confused? Read on.
Verizon Wireless, in case you don’t know, is a joint venture between Verizon Communications and Vodafone. Now, as we all know, Verizon has won a major chunk of the wireless spectrum in the recently concluded auction. It paid close to an astronomical $5 billion for the licenses it acquired and it has got reflected in the stock prices of Vodafone.
Investec, a prominent South African bank, has advised its clients to sell Vodafone shares as it predicts its dividend payments to be delayed. Now, I’m not a stock market analyst or something. In fact, I have no idea of anything remotely associated with stock market. Could someone explain this?
Tags: 700 MHz auction, FCC, FCC auction, Investec, licenses, sell Vodafone shares, stock market, stock prices, Verizon Communications, Verizon Wireless, Vodafone, Vodafone stockholders, wireless spectrum
Technorati Tags: 700 MHz auction, FCC, FCC auction, Investec, licenses, sell Vodafone shares, stock market, stock prices, Verizon Communications, Verizon Wireless, Vodafone, Vodafone stockholders, wireless spectrum
Categories: All things mobile phones.
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