Verizon open to part of FCC auction proposal

(Reuters) - The statement by Verizon Wireless, a venture of Verizon
Communications Inc. and Vodafone Group Plc ,
signaled a less critical view of proposed conditions for
bidders in the U.S. government auction of wireless airwaves.




"We would agree to rules requiring a winning bidder to
allow any device onto the network in that piece of spectrum,
but there shouldn't be any requirement to guarantee that any
games or Web applications on that device would work properly,"
said spokeswoman Debra Lewis.


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Qualcomm says still pursuing veto, stay on ITC ban

(Reuters) - "We're going to continue to pursue the presidential veto
and the emergency stay because it's still clearly warranted by
the situation that exists for the rest of the wireless
industry," Davidson said in an interview with Reuters.




Verizon Wireless is a venture of Verizon Communications
and Vodafone Group Plc .


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UPDATE 1-Broadcom, Verizon Wireless in licensing pact

(Reuters) - Shares of Broadcom were up 4.9 percent and Qualcomm stock
fell over 3 percent after the agreement. The deal appeared to
be an about-face for Verizon Wireless , a venture of Verizon
Communications Inc. and Vodafone Group Plc
, which had previously sought to overturn the ban.




Verizon Wireless said it will pay Broadcom $6 for each
handset in question, up to $40 million per calendar quarter and
up to a maximum total payment of $200 million.


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Vodafone says not planning Verizon bid

(Reuters) - Verizon shares gave up most of those gains after Vodafone's denial and were up only 2.23 percent at $42.69 at midday. Vodafone shares trimmed earlier losses to trade down 0.61 percent at 162.20 pence.




"Vodafone wishes to make it clear that it has no plans to make such an offer," the company said in a brief statement.


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U.S. Stocks Rise on Manufacturing Expansion; Eaton, McDonald's Shares Gain

(Bloomberg) -- U.S. stock indexes rose to records
for a third day on a jump in New York state manufacturing and
earnings results from Eaton Corp. and McDonald's Corp. that
beat analysts' estimates.

Eaton, the world's second-largest maker of hydraulic
equipment, surged the most in the Standard & Poor's 500 Index
after increasing its full-year profit forecast. Verizon
Communications Inc., the second-biggest U.S. phone company,
climbed after the Financial Times said Vodafone Group Plc may
pursue a $160 billion takeover.


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US stock indexes little changed; Verizon up on M&A talk

(Reuters) - U.S. stocks were little changed on Monday as investors paused after Friday's record highs to weigh the latest speculation on the mergers and acquisition front.

Shares of Verizon Communications were the top gainer on the Dow after a Financial Times Web site said on Monday Vodafone Group was considering a $160 billion takeover bid for the U.S. wireless operator. Vodafone denied the report, but Verizon shares still rose 2.5 percent to $42.81.


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U.S. Stock Futures Rise After New York Manufacturing Data Beats Forecasts

(Bloomberg) -- U.S. stock-index futures rose after
a gauge of manufacturing in New York state climbed to the
highest in a year.

McDonald's Corp. advanced after the world's largest
restaurant company reported profit from continuing operations
that topped analysts' estimates. Eaton Corp., the second-
biggest maker of hydraulic equipment, gained after boosting its
full-year earnings forecast. Verizon Communications Inc., the
second-largest U.S. phone company, jumped on a report it may be
the target of a $160 billion takeover bid.


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Vodafone mulls Verizon bid: report

(Reuters) - Verizon shares rose 1.9 percent to $42.55 in premarket trading.




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Five winners picked for big telecoms contract

(Reuters) - This is the second of two contracts that comprise the government's Networx program, which is designed to overhaul federal agencies' telecommunication services.




The General Services Administration picked AT&T, Verizon Communications and Qwest for the first contract worth up to $48 billion.


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AT&T, Qwest, Verizon win U.S. govt telecom contract

(Reuters) - Government agencies are expected to spend at least $20 billion on the contract over 10 years, the GSA estimates -- a move that will overhaul the government's telecommunications services.

Under terms of the GSA contract, called Networx Universal, agency spending could be increased to as much as $48 billion.


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