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It is Vittorio Colao's stated strategy to tidy up his company's many stakes in mobile operators all over the world meaning mainly that Vodafone intends to sell minority stakes, but also tries to increase its interest in cases in which it holds the majority of shares.
Analysts estimate that a one-notch drop in the company's credit rating would increase its interest expense 80 million to 120 million euros ($71 million to $106 million).
It has also been suggested by sources within the Scottish game that BT could increase its interest there by taking over live rights for the League Cup, which are currently held by BBC Scotland, from next season.
CONOCOPHILLIPS, Houston, bought a 1.5percentt stake in the Trans-Alaska Pipeline System from Amerada Hess Corp., New York, the oil compa ny, to increase its interest to 28.2percentt.
Signs of recovery in consumption may raise expectations that the Bank of Japan will increase its interest rate to 0.50percentt from the current 0.25percentt at its monetary policy meeting this month.
Misenheimer notes that Luigino's has been able to increase its interest coverage to 3.8 times from 2.8 times in the last three years.
Similar(53)
It is increasing its interest in properties it knows well because it is the operator controlling the drilling in most of them.
British Gas owner Centrica is close to victory in its £1.3bn battle to take over Venture Productions after it increased its interest in the oil & gas producer to more than 50%.
In the disclosure, the Malaysian conglomerate said it had increased its interest in Bank of East Asia to 8.01% at the end of October.
With Clash of Clans, Tencent is increasing its interest in mobile games.
Geoffrey Cheng, an analyst at HSBC Securities Ltd. in Hong Kong. said the brewer's acquisitions have increased its interest expenses.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com