Dominion Lending Centres Clearlease Reports Vodafone Group plc (LSE: VOD, NASDAQ: VOD) has agreed to pay $5 billion cash to buy out the Essar Group’s stake in their Indian joint venture.

Thursday, March 31st, 2011

Vancouver, B.C., Canada (March 31, 2011) – Clearlease.com Reports Vodafone Group plc (LSE: VOD, NASDAQ: VOD) has agreed to pay $5 billion cash to buy out the Essar Group’s stake in their Indian joint venture.

The buyout of Essar’s 33 per cent stake has been long expected and brings to an end what by many accounts has been an increasingly sour relationship between the partners.

The final settlement is expected by November and the payment is already reflected in its balance sheet, Vodafone said in a statement Thursday.

The buyout will reduce Essar’s stake to zero and raise Vodafone’s from 42 per cent to just over 75 per cent, putting it in violation of India’s foreign direct investment laws, which cap foreign ownership of telecom companies at 74 per cent.

After Essar’s exit, the remaining 24.6 per cent of Vodafone Essar Ltd. would be held by entities controlled by Vodafone’s other Indian business partners: Analjit Singh, chairman of Max India Ltd., which has interests in health care and insurance; and India’s Infrastructure Development Finance Company Ltd.

“We will remain within FDI thresholds,” said Ben Padovan, a Vodafone spokesman in London. “An IPO may be considered in the future.”

Essar, which also has a 1.5 per cent stake in India’s Loop Telecom, declined comment Thursday.

Vinod Sharma, head of private broking and wealth management at Mumbai’s HDFC Securities, said the transaction would allow Vodafone to tighten its management control and give Essar cash to deploy across its business empire.

“It will improve the managerial efficiency,” he said. “Essar can use that money elsewhere for other ventures where they can call the shots.”

Vodafone entered the Indian market in 2007, paying $11 billion for a 67 per cent stake in Hutchison Essar.

Since then the British company has been frustrated by high licensing fees, shifting regulations, an unanticipated $2.6 billion tax bill and a sudden proliferation of competitors that sparked a price war in India’s fast growing mobile market.

Last May, Vodafone wrote down the value of its Indian business by more than 25 per cent, or 2.3 billion pounds ($3.5 billion).

In the six months through September 2010, Vodafone’s customers in India grew 42.7 per cent and service revenues from India accounted for 8.8 per cent of the group’s total during the December quarter, according to company reports.

Today Vodafone Essar Ltd. is India’s third largest mobile operator by subscribers, with a 16.5 per cent share of India’s 752.2 million wireless subscribers as of December, according to India’s telecom regulator.

Vodafone shares were down 0.75 pct at 178.5 pence in late morning trading on the London Stock Exchange.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###Dominion Lending Centres Clearlease Reports Vodafone Group plc (LSE: VOD, NASDAQ: VOD) has agreed to pay $5 billion cash to buy out the Essar Group's stake in their Indian joint venture.

Vancouver, B.C., Canada (March 31, 2011) – Clearlease.com Reports Vodafone Group plc (LSE: VOD, NASDAQ: VOD) has agreed to pay $5 billion cash to buy out the Essar Group’s stake in their Indian joint venture.

The buyout of Essar’s 33 per cent stake has been long expected and brings to an end what by many accounts has been an increasingly sour relationship between the partners.

The final settlement is expected by November and the payment is already reflected in its balance sheet, Vodafone said in a statement Thursday.

The buyout will reduce Essar’s stake to zero and raise Vodafone’s from 42 per cent to just over 75 per cent, putting it in violation of India’s foreign direct investment laws, which cap foreign ownership of telecom companies at 74 per cent.

After Essar’s exit, the remaining 24.6 per cent of Vodafone Essar Ltd. would be held by entities controlled by Vodafone’s other Indian business partners: Analjit Singh, chairman of Max India Ltd., which has interests in health care and insurance; and India’s Infrastructure Development Finance Company Ltd.

“We will remain within FDI thresholds,” said Ben Padovan, a Vodafone spokesman in London. “An IPO may be considered in the future.”

Essar, which also has a 1.5 per cent stake in India’s Loop Telecom, declined comment Thursday.

Vinod Sharma, head of private broking and wealth management at Mumbai’s HDFC Securities, said the transaction would allow Vodafone to tighten its management control and give Essar cash to deploy across its business empire.

“It will improve the managerial efficiency,” he said. “Essar can use that money elsewhere for other ventures where they can call the shots.”

Vodafone entered the Indian market in 2007, paying $11 billion for a 67 per cent stake in Hutchison Essar.

Since then the British company has been frustrated by high licensing fees, shifting regulations, an unanticipated $2.6 billion tax bill and a sudden proliferation of competitors that sparked a price war in India’s fast growing mobile market.

Last May, Vodafone wrote down the value of its Indian business by more than 25 per cent, or 2.3 billion pounds ($3.5 billion).

In the six months through September 2010, Vodafone’s customers in India grew 42.7 per cent and service revenues from India accounted for 8.8 per cent of the group’s total during the December quarter, according to company reports.

Today Vodafone Essar Ltd. is India’s third largest mobile operator by subscribers, with a 16.5 per cent share of India’s 752.2 million wireless subscribers as of December, according to India’s telecom regulator.

Vodafone shares were down 0.75 pct at 178.5 pence in late morning trading on the London Stock Exchange.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Vancouver, B.C., Canada (March 31, 2011) – Clearlease.com Reports Vodafone Group plc (LSE: VOD, NASDAQ: VOD) has agreed to pay $5 billion cash to buy out the Essar Group’s stake in their Indian joint venture.

The buyout of Essar’s 33 per cent stake has been long expected and brings to an end what by many accounts has been an increasingly sour relationship between the partners.

The final settlement is expected by November and the payment is already reflected in its balance sheet, Vodafone said in a statement Thursday.

The buyout will reduce Essar’s stake to zero and raise Vodafone’s from 42 per cent to just over 75 per cent, putting it in violation of India’s foreign direct investment laws, which cap foreign ownership of telecom companies at 74 per cent.

After Essar’s exit, the remaining 24.6 per cent of Vodafone Essar Ltd. would be held by entities controlled by Vodafone’s other Indian business partners: Analjit Singh, chairman of Max India Ltd., which has interests in health care and insurance; and India’s Infrastructure Development Finance Company Ltd.

“We will remain within FDI thresholds,” said Ben Padovan, a Vodafone spokesman in London. “An IPO may be considered in the future.”

Essar, which also has a 1.5 per cent stake in India’s Loop Telecom, declined comment Thursday.

Vinod Sharma, head of private broking and wealth management at Mumbai’s HDFC Securities, said the transaction would allow Vodafone to tighten its management control and give Essar cash to deploy across its business empire.

“It will improve the managerial efficiency,” he said. “Essar can use that money elsewhere for other ventures where they can call the shots.”

Vodafone entered the Indian market in 2007, paying $11 billion for a 67 per cent stake in Hutchison Essar.

Since then the British company has been frustrated by high licensing fees, shifting regulations, an unanticipated $2.6 billion tax bill and a sudden proliferation of competitors that sparked a price war in India’s fast growing mobile market.

Last May, Vodafone wrote down the value of its Indian business by more than 25 per cent, or 2.3 billion pounds ($3.5 billion).

In the six months through September 2010, Vodafone’s customers in India grew 42.7 per cent and service revenues from India accounted for 8.8 per cent of the group’s total during the December quarter, according to company reports.

Today Vodafone Essar Ltd. is India’s third largest mobile operator by subscribers, with a 16.5 per cent share of India’s 752.2 million wireless subscribers as of December, according to India’s telecom regulator.

Vodafone shares were down 0.75 pct at 178.5 pence in late morning trading on the London Stock Exchange.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

DLC Clearlease.com Reports Free Smartphone and Tablet Workshops by Verizon Communications (NYSE, NASDAQ: VZ) and Vodafone (LSE, NASDAQ: VOD)

Friday, March 25th, 2011


Vancouver, B.C., Canada March 25, 2011 – Clearlease.com reports About Verizon Wireless

Verizon Wireless operates Hands-on instruction for Verizon customers with the latest 4G LTE and 3G devices the nation’s fastest and most advanced 4G network and largest and most reliable 3G network, and serves more than 94 million customers.

Headquartered in Basking Ridge, N.J., with 82,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE, NASDAQ: VZ) and Vodafone (LSE, NASDAQ: VOD). For more information, visit www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia.

DLC Clearlease offers leasing which allows you to structure a financing program that addresses your key business issues, including: cash flow, budget, transaction, and cyclical fluctuations. For example, some heavy equipment operators request seasonal leases, which allow them to schedule their payments during their busiest months.

Furthermore, financing your equipment from DLC Clearlease guarantees an affordable plan to suit your business equipment needs with less out-of-pocket expenditures, spreading your payments across a manageable period of time. Reserve your capital for other expenses by leasing your equipment from us and save resources, time, value, and straight capital, too. A lease is not considered a long-term debt or liability, so it does not appear as debt on your financial statement, making you more attractive to traditional lenders when you need them.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss

###

DLC Clearlease.com Reports Free Smartphone and Tablet Workshops by Verizon Communications (NYSE, NASDAQ: VZ) and Vodafone (LSE, NASDAQ: VOD)

Vancouver, B.C., Canada March 25, 2011 – Clearlease.com reports About Verizon Wireless Verizon Wireless operates Hands-on instruction for Verizon customers with the latest 4G LTE and 3G devices the nation’s fastest and most advanced 4G network and largest and most reliable 3G network, and serves more than 94 million customers.

Headquartered in Basking Ridge, N.J., with 82,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE, NASDAQ: VZ) and Vodafone (LSE, NASDAQ: VOD). For more information, visit www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia.

DLC Clearlease offers leasing which allows you to structure a financing program that addresses your key business issues, including: cash flow, budget, transaction, and cyclical fluctuations. For example, some heavy equipment operators request seasonal leases, which allow them to schedule their payments during their busiest months.

Furthermore, financing your equipment from DLC Clearlease guarantees an affordable plan to suit your business equipment needs with less out-of-pocket expenditures, spreading your payments across a manageable period of time. Reserve your capital for other expenses by leasing your equipment from us and save resources, time, value, and straight capital, too. A lease is not considered a long-term debt or liability, so it does not appear as debt on your financial statement, making you more attractive to traditional lenders when you need them.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss

###


Vancouver, B.C., Canada March 25, 2011 – Clearlease.com reports About Verizon Wireless

Verizon Wireless operates Hands-on instruction for Verizon customers with the latest 4G LTE and 3G devices the nation’s fastest and most advanced 4G network and largest and most reliable 3G network, and serves more than 94 million customers.

Headquartered in Basking Ridge, N.J., with 82,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE, NASDAQ: VZ) and Vodafone (LSE, NASDAQ: VOD). For more information, visit www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia.

DLC Clearlease offers leasing which allows you to structure a financing program that addresses your key business issues, including: cash flow, budget, transaction, and cyclical fluctuations. For example, some heavy equipment operators request seasonal leases, which allow them to schedule their payments during their busiest months.

Furthermore, financing your equipment from DLC Clearlease guarantees an affordable plan to suit your business equipment needs with less out-of-pocket expenditures, spreading your payments across a manageable period of time. Reserve your capital for other expenses by leasing your equipment from us and save resources, time, value, and straight capital, too. A lease is not considered a long-term debt or liability, so it does not appear as debt on your financial statement, making you more attractive to traditional lenders when you need them.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss

###

LENDERS AND ASSOCIATIONS

Saturday, January 8th, 2011

Lenders

Dominion Lending Centres mortgage and leasing professionals shop over 90
different banks, credit unions, and trust companies to meet your financing
needs. We will search hundreds of lending products to find the best possible
mortgage or leasing solution tailored to you.

AGF
CHIP
Concentra
Cove
Desjardins

First Line Mortgages
First National Financial
Fisgard
HomeTrust

HSBC
ING
MCAP
National Bank of Canada

ResMor Trust
Scotiabank
Street Capital
TD Canada Trust
Vancity
Xceed

 

Associations

Dominion Lending Centres is a proud member and close partner of Canada’s
various mortgage broker membership associations and governing bodies. We screen
each professional who joins us to ensure that they uphold our standards of
unwavering integrity and professionalism.

AMBA
CAAMP
CMHC
FICOM
FSCO

Genworth
IMBA
MBABC
MPP
RECA

Lenders

Clearlease Mortgage and Leasing Professionals
shop over 145 different Banks, Credit Unions, Trust Companies, and Private Lenders
to meet your Financing needs. We will search hundreds of lending products to find the
best possible Mortgage or Leasing Solution tailored to you.

AGF
CHIP
Concentra
Cove
DesjardinsFirst Line Mortgages
First National Financial
Fisgard
HomeTrust

HSBC
ING
MCAP
National Bank of CanadaResMor Trust
Scotiabank
Street Capital
TD Canada Trust
Vancity
Xceed

 

Associations

Dominion Lending Centres  Clearlease is a proud member and close partner of Canada’s
various Mortgage Broker Membership Associations and Governing Bodies.
We screen each professional who joins us to ensure that they uphold our standards
of unwavering integrity and professionalism.

AMBA
CAAMP
CMHC
FICOM
FSCO

Genworth
IMBA
MBABC
MPP
RECA

Lenders

Dominion Lending Centres mortgage and leasing professionals shop over 90
different banks, credit unions, and trust companies to meet your financing
needs. We will search hundreds of lending products to find the best possible
mortgage or leasing solution tailored to you.

AGF
CHIP
Concentra
Cove
Desjardins

First Line Mortgages
First National Financial
Fisgard
HomeTrust

HSBC
ING
MCAP
National Bank of Canada

ResMor Trust
Scotiabank
Street Capital
TD Canada Trust
Vancity
Xceed

 

Associations

Dominion Lending Centres is a proud member and close partner of Canada’s
various mortgage broker membership associations and governing bodies. We screen
each professional who joins us to ensure that they uphold our standards of
unwavering integrity and professionalism.

AMBA
CAAMP
CMHC
FICOM
FSCO

Genworth
IMBA
MBABC
MPP
RECA

What’s New at Dominion Lending ClearleaseWhat’s New at Dominion Lending ClearleaseWhat’s New at Dominion Lending Clearlease

Saturday, January 8th, 2011

URL
http://clearlease.com/
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DLC Clearlease.com Reports Stocks are seeing modest strength in early trading on Monday, adding to the strong gains posted last week. The major averages are all in positive territory.

DLC Clearlease.com Reports Stocks are seeing modest strength in early trading on Monday, adding to the strong gains posted last week. The major averages are all in positive territory. Vancouver, B.C., Canada March 28, 2011 – Clearlease.com reports Stocks are seeing modest strength in early trading on Monday, adding to the strong gains posted last week.

About DLC Clearlease

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html
. You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com

Website: http://www.clearlease.com

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Twitter: @clearlease

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